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Tax Law (Questions About Taxes)/Expert Profile

Glenn D Schnabel

U.S.

Unavailable

Expertise

I can answer most federal individual income tax questions. I can not provide legal advise.

Experience in the area

I have worked for a CPA firm for over 11 years. I have worked in private as well as government I have recently been running a tax preparation office, mainly focusing on individual income taxes

Organizations

I have been affiliated with managing condo associations and as a member of a coalition to educate condo owners as to their rights and responsibilities.

Education/Credentials

I have my B.S.B.A in Business Administration . Concentration in Accounting I have gone to yearly tax seminars and have tried to keep up with the evolving tax changes

Awards and Honors

Over my years I have received local awards for contributions to worthy organizations.

Past/Present Clients

This, of course remains confidential

What do you still hope to achieve/learn in this field?

I still hope to learn what questions most concern taxpayers.

Something interesting about this subject that others may not know:

Did you know that Bush's refund from the Economic Stimulus Package is referred to as an Advance payment, but will not be used to reduce your 2009 refund according to the IRS wenbsite. Also note that a new administration will be in office by Jan 2009, just in time for the 2008 filing.

Average Ratings

Recent Reviews from Users

User	Date	K	C	P	Comments
mike	01/08/10	10	10	10	His answer was very fast and very .....
angie	01/01/10	10	10	10
Tom	01/01/10	10	9	10	Thanks so much!
David	01/01/10	10	9	10	Thank you! This is a wonderful service .....
Paul Durande	12/14/09	9	9	10

Recent Answers from Glenn D Schnabel

2009-12-31 Donations:

Debbie. If you file form 8283, all you provide is a description of items, when purchased, when donated. Fair Market Value and thrift value. You choose the FMV as your deduction. The only time you

2009-12-30 Exempt Status:

David, Not necessarily. If you have say a W-2 with withholdings and you receive all your withholdings back in the form of a refund, then you have no tax liability. You could have an income tax and

2009-12-30 State Taxes:

Dorothy, If you declare your residence in Arizona, you vote in Arizona, live there and register your vehicle there, then you can be a resident of Arizona. You will still have to file a California Franchise

2009-12-29 IRA Early Withdrawals:

Tom, You can only take one IRA a year and put it back in 60 days. The 60 day rule only applies to the first distribution in order to avoid a 10% penalty. If you want to take the IRA in 2009 and

2009-12-27 Sale of C Corp Stock:

Mark, You have to report the loss as a capital loss and short term or long term depending on the holding period. You may have an ordinary loss, if the stock is registered as small business stock(

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