For those of you that retire and also haven't started drawing social security...maybe living off savings or other sources of tax free cash, I'd consider Roth conversions during those years. Converting enough Roth dollars to get to the top of the 12% bracket is pretty cheap tax wise and...
There are a number of exceptions to the 10% early withdrawal penalty, just google IRC 72(t) and you can find some decent information. However, you mention rollover to IRA. If that is all you do...just roll over and don't actually take distributions, that is generally not going to be taxable.
If you do not take SS early, everybody should make sure that they sign up for Medicare (even if you don't accept coverage). There is a 6 month window when you are 65. There are penalties if you subsequently want to get on medicare and didn't sign up on time. I think if you take SS early, you...
In Minute's post above, he brings up beneficiary designations. That is another thing to think about, check periodically. In most situations in most states, the beneficiary designation will trump what is reflected in your will and/or trust.
So, it doesn't matter if your will says you are...
Has anybody actually put pen to paper? Everybody wants to talk about the Gila. Alrighty then, let's look at two known units, 16A and 16D (please don't bust my chops for unit #'s it is not applicable). Guess how many bull tags (rifle bull or either sex archery) land owner tags from the most...
Had a euro simmer get away from me. Kinda glued it back together and then decided to use some pottery shards we found from the same area on a different trip and grouted them on. I'm sure somebody will want to put an arrow in my arse for this, but no gravesites were disturbed.
You can try em all, but you'll end up with 143 ELDX. I tried 4 or 5 in my PH2 6.5 and the ELDX was shockingly accurate. Performed well on two antelope (630 yards, 375 yards) and one cow elk (330 yards). Nothing inside 200 though.
That gun is sweet!!!!!!!!
What I am saying is that if you do it right (take a basis adjustment to fair market value at date of death and then add to that basis by the amounts paid to buy out siblings, add any improvements and carrying cost, add closing costs at dispo), then there is likely little, if any, capital gain...
DO NOT PAY YOUR TAXES AND MOVE ON! I'm going to give some general advice here in the hopes of not jeopardizing my license...but YOU NEED TO TALK TO A CPA. Code section 1014 of the Internal Revenue Code (google it) generally provides for a basis adjustment in the property inherited from the...
I kinda doubt that you are going to be able to find a processor that will have your meat done before you are ready to head back home. If you really want this done, I would reach out to a processor in advance and tell them you are prepared to pay a premium (they just don't turn meat around that...
One of the local news outlets is reporting the Forest Service has revised the temp closure end date to 7/18/22.
https://www.koat.com/article/national-forests-newmexico-closures-fire-danger/40040112
We have had forest closures in recent years around this time, though I don't recall a time when they were still closed into August. In the Gila, July is the wettest month (https://www.weather-us.com/en/new-mexico-usa/reserve-weather-july#rainfall)...guessing it is the same in most other forests...
For touching up color, I've done the coffee grounds and it works okay, but the coloring doesn't seem right looking up close. Being an old baseball player, I figured why not try pine tar...hell that's what the critter used originally. Grabbed some tar out of my kid's baseball bag and it works...
For 941's that were timely filed (not amended) that included ERC, we have seen some of those processed. I have yet to see a refund paid on a 941-X that included ERC. Hell, our Firm is still waiting on a refund from a 941-X that had a emergency paid sick leave credit for Q2 2020 filed back in...
As a dork CPA, I wanted to throw out there a credit that many employers are not taking advantage of. I don't care to debate the merits of tax policy, just trying to make some forum members aware because this can be lucrative. CARES acted created PPP and ERC, however it said they couldn't...