Accounting

Recent Answers

2009-11-22 Accounting, Payroll & Pension Issues - Pensions:

At retirement age, a pension has a fixed value based on the contributions and earnings prior to retirement. Now, let's consider the options. One would of course be a single fixed amount paid to you.

2009-11-21 Tax Law (Questions About Taxes) - change in basis:

You depreciate what is allowed or allowable, If you miss taking the correct amount you can amend the open years only, You lose the depreciation you didn't take for closed years, but the depreciation

2009-11-21 Tax Law (Questions About Taxes) - rollover ira:

Hi, I don't know whether or not you have to use all your funds before you can get government aid because that is not an income tax issue. You need to ask the Social Security Administration about that

2009-11-21 Tax Law (Questions About Taxes) - IRA-BDA 2009 Distribution:

the temporary suspension of rmd applies to inherited accounts too. see irs publication 590 http://www.irs.gov/pub/irs-pdf/p590.pdf "Waiver of RMD for 2009. You are not required to take an RMD

2009-11-20 Tax Law (Questions About Taxes) - gift taxes:

Bob, Thanks for your question. Just give it and file a gift tax return. Unless it has previously been used up you have a lifetime exemption of $1,000,000 for gifts. Since it exceeds the annual