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Can Roth conversion taxes be reduced by moving rollover IRA back to 401k?
Personal Finance
I have two traditional IRAs:a rollover from a past 401k, with no basis (all pretax contributions)an IRA with only after-tax contributions, with high basisIf I do a Roth conversion, as far as I know I have to treat these as one big bucket. I can't convert only the high-basis IRA to Roth. If I converted half the money to Roth then I could only use up half the basis.However, I could roll the first IR

Changed from a job that had 401K and now new one doesn't
Personal Finance
There is a question on the tax form when filing that asks "eligible to participate in a 401K plan at work?" [Yes/No]. I contributed to my 401k up until March. I then took a new job that does not offer a 401K, and rolled mine into an IRA. I've now made 2,000 in contributions to my IRA and 2,200 to my Roth IRA. How do I answer that question on the form (which impacts whether or not my IRA contri

Should I switch/rollover my IRA to a Gold IRA?
Personal Finance
I was recommended from a friend that I should consider switching my current IRA to a Gold IRA. I haven't searched around a lot but I was wondering if anyone had some experience working with this type of IRA. I've been putting money into my IRA for many years now and am concerned about our current economy. What is my best decision?

Can I invest C-corp or S-corp profits by purchasing stock, bonds or property to reduce tax liability?
Personal Finance
If I own a C-corp or an S-corp in the US ( say for example Delaware ), and I take profits from revenue after expenses for the corporation and purchase stock in the US stock markets, bonds or other investment property without selling any of those investments purchased by the time of tax filing, would that reduce my corporation's total tax liability?

What ways are there for us to earn a little extra side money?
Personal Finance
I have done all the cost-cutting that my family can allow. It is still not enough - I spend more than I earn. This is killing the credit card and is going to be bad news for us unless we can sort this out!I am a programmer during the day, my girlfriend is a full-time mother and mother-to-be!What ways are there for us to earn a little extra side money?I know this is a pretty big question, similar t

My company is changing 401k plan providers. Can I rollover to an IRA during the transition?
Personal Finance
My question is similar to this one, but slightly different:Can I roll over a 401k with my current employer into an IRA?According to that question above, it's not possible for somebody my age (28) to rollover a 401k to an IRA without actually leaving my job.However, my company is changing plans in a few weeks (Nationwide to John Hancock) and I'm wondering if there is any loophole here I can exploit

As an investor or speculator, how might one respond to QE3 taper?
Personal Finance
I see on the Internet a lot of talk amongst the financial types that QE3 may/may not taper off. I have owned some mutual funds as part of an IRA for the past year and took advantage of the huge increase in stock values. My question is, what should one invest in if QE3 does end? In my head I would think that the market would go down and therefore make stocks and mutual funds will lose their value.

US Taxes: Deducting equipment that was bought and sold in the same year
Personal Finance
assume there is equipment used for a for profit endeavor that will be deducted from earnings.That equipment is also sold in the same year, for less than or equal to the purchase price.How does this effect the deduction, and/or depreciating assets for federal tax purposes. Citations welcome

How do capital gains count towards gross income on your tax return?
Personal Finance
In the US, when tallying gross income, do capital gains (short term or long term) count toward your gross income, before capital losses? OR do capital losses subtract from your capital gains before it counts as gross income? and would this order of operations be any different for adjusted gross incomeThis is not for tax compliance, but does involve how income is reported on a tax return, if the ta

It it legal to enforce collection of an (incorrectly) estimated tax bill
Personal Finance
I have a friend who used to be self employed, but is now in full time employment. this was about 4 years ago, and he never bothered to de-register for VAT. Now HMRC (via a collections agency) are on his back for payment of an ESTIMATED VAT bill (around £800)He has not been trading and has not submitted returns in this time, so in reality owes nothing (and has told them as such)So my question is i

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