Tax Law (Questions About Taxes)/Expert Profile

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• Knowledgeability 9.79
• Clarity of Response 9.52
• Timeliness 10.0
• Politeness 9.69

• Number of Questions (in Past 24 Hours) 0
• Max Questions to be Asked (in 24 Hour Period) 5
• Total Questions (since joining AllExperts) 105
• Volunteer Since 2009-10-29
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Recent Reviews from Users

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    K = Knowledgeability    C = Clarity of Response    T = Timeliness    P = Politeness

User	Date	K	C	T	P	Comments
Brenda Bates	11/19/09	10	10	10	10	Thank you very much for the quick .....
Doris	11/19/09	10	10	10	10
Joseph	11/17/09	10	10	10	10	Excelent answer. MEdusa calmed me down and .....
Julio	11/17/09	10	10	10	10
Gulya	11/17/09	10	10	10	10

Recent Answers from MEdusa

2009-11-21 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 Ca Rental property to Primary Residence:

general rule is 2 out of last five with intermittent absenses not deducted. but remember there is recapture of previous depreciation and new rules for splitting if you own two homes at the same time (assume

2009-11-20 rollover ira:

i can not speak to the requirement for you to drain your retirement funds. check with social security? with respect to the qualified plan withdrawls, IRC 72(t) provides an expemption from the 10%

2009-11-19 Tax Liability:

depends upon how you (and they) set it (your loan, investment and subsequently the business itself). key is how you will recognize (if you realize at some point in the future) gains/income - annual

2009-11-19 Any money owed after 8 yrs of not living and working in the U.S.:

cant speak to jamaican law, but you would not owe usa tax on an inheritance so go for it. plus, I have yet to hear of a 110% tax (where you would owe more then you receive - so it would be pretty hard