User talk:BEGooding
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
(Difference between revisions)
| Revision as of 08:22, 14 February 2008 Natalie (Talk | contribs) (IE7) ← Previous diff |
Current revision BEGooding (Talk | contribs) |
||
| Line 2: | Line 2: | ||
| == Thank you for the note!! == | == Thank you for the note!! == | ||
| - | |||
| - | Hope we can help one another. That is what is great about this site!! | ||
| - | |||
| - | SandySea | ||
| - | |||
| - | Hi Brad: | ||
| - | |||
| - | Many thanks for your reply. I did not deduct the interest because it was personal in nature. However, do you know if the interest expense that I get reimbursed for is taxable to me? | ||
| - | I can look at this transactions as a direct 1 to 1 offset, i.e., I paid $1 of personal interest (not deducted) and got reimbursed $1. My concern is that the tax laws are so complicated that I maybe over-looking something, which would make the $1 that I received taxable. | ||
| - | |||
| - | Once again, many thaks, | ||
| - | |||
| - | |||
| - | Regards, | ||
| - | |||
| - | Orville W. Freymuth | ||
| - | |||
| - | Thanks alot for answering-I never knew about this site & I'm practicing in NYC for 11 years. Guess I'm too busy to surf!!! | ||
| - | |||
| - | |||
| - | |||
| - | |||
| - | BEGooding (talk|edits) said: | ||
| - | January 3, 2008 | ||
| - | |||
| - | First you have to determine if he was required to file. Were total assets of the pension plan at the end of 2004, 2005, 2006 below $100k? Were assets below $250k at end of 2007? Is the S Corp a member of a controlled group? Did, in any year, the business have any leased employees or employees other than the owner? | ||
| - | If he was required to file, you can bet IRS will assess penalties unless he has a good excuse for not filing. "Just not filing" as a way to stop penalties is never a viable strategy. | ||
| - | |||
| - | |||
| - | April15 (talk|edits) said: | ||
| - | 3 January 2008 | ||
| - | |||
| - | Thanks for getting involved! | ||
| - | There are 3 differnt plans-each one is lesss than 100K but in the aggregate it's more than 100k. Sole shareholder is the only employee-No outside services- Does this mean he was not required to file??? | ||
| - | |||
| - | == IE7 == | ||
| - | |||
| - | Thanks for that info. Brad. I think I asked you about IE7 a while ago. I finally downloaded it several months ago and then found out it causes problems with my printer. Luckily there's a work around. I actually use Firefox for most of my browsing.[[User:Natalie|Natalie]] 02:22, 14 February 2008 (CST)Natalie | ||
Current revision
Leave a message for BEGooding
This page is where you can leave a message for BEGooding. BEGooding will be notified of messages the next time they access TaxAlmanac.
Please make sure to sign your message by adding four tildes: ~~~~ at the end of your message.
If you are actually BEGooding, this is your page. Feel free to edit your discussion page to add or remove anything you'd like.
[edit]
