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I sold my house in Houston Texas on January 31st, 2016. I

Hello, I sold my house in Houston Texas on January 31st, 2016. I made less than $80,000 on it. After the sale I moved to Boston, MA. Do I need to purchase a new home in Boston by January 31st, 2017 ?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
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I need get $90,000 in cash out of my simple IRA. Between

I need get $90,000 in cash out of my simple IRA. Between penalties and federal and Wisconsin taxes, how much should I have my investment company withhold? In other words, how much do I need to take out to net $90k? I'm currently in the 25% tax bracket, and I assume this would put me into the 28% bracket...?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
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How much are you allowed to claim . These would be clothing,

How much are you allowed to claim for donations. These would be clothing, householdand furniture. We file long form. Moving to another state.

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Lev

Retired

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24,192 satisfied customers
Is it true that a married couple in the 10% and 15% (with

Hello - is it true that a married couple in the 10% and 15% (with ordinary income under $70,000), tax bracket would pay no capital gains tax on the sale of real estate?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,298 satisfied customers
I am looking to take out money out of an ira to use to

I am looking to take out money out of an ira to use to purchase a house. I know that there is a 10% early withdrawal and then I know I will be taxed the highest tax bracket as well. Is there anything I can do to limit the taxes - like do quarterly taxes or should I just have 49% taken off the top when I withdraw it?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
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Can a revocation of authority be mailed to a Internal Revenue

Can a revocation of authority be mailed to a Internal Revenue Center with some kind of "proof of mailing" certification? If a Third Party Designation (1040 "checkbox") that is being revoked was part of a "married filing jointly" return must the revocation be signed by both spouses?

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Barbara

Enrolled Agent, Paralegal

 
4,696 satisfied customers
Is there any way to rescind a Third Party Designee (1040 "Checkbox")

Is there any way to rescind a Third Party Designee (1040 "Checkbox") before its one-year expiration?

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Robin D.

Vocational, Technical or Trade School

 
20,266 satisfied customers
I would like to declare my 23 year old full time college student

I would like to declare my 23 year old full time college student son as a dependent on my 2016 tax return. My concern is that he has 2 payed internships that he works weekly and full time on breaks and in the summer. He makes good money, files his taxes independently and has received refunds every year. Would me filing with his as my dependent affect his filing status in any way and his refunds, etc?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,298 satisfied customers
In California if you are married filing jointly, have lived

In California if you are married filing jointly, have lived in a home married for over two years and only one person's name is ***** ***** title when you sell, do you still get the full $500,000 tax exemption?

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
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