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My company has done very well over the past couple of years,

My company has done very well over the past couple of years, and I hold stock in it. My financial advisor has told me I need to sell some of that stock. These are restricted stock units (RSUs) which are part of my compensation. I'm afraid that selling the stock will trigger AMT. It will likely amount to approx. $500,000 capital gain. Will this be a problem?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,804 satisfied customers
Hi, I have set up a Mining Consultancy service in NZ but 90%

Hi,I have set up a Mining Consultancy service in NZ but 90% of my work is in South Africa and Australia with the rest being in NZ. I am paid in AU$ and I dont charge any gst (accountant said I am zero-rated). Is it correct that I dont need to register for gst in Australia as long as I dont exceed the $75k threshold? I will have in total about 4 mining clients in Australia and 1 in South Africa.Thank you in advance for your time.LM

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Shawn P Adamo

CEO

Bachelor's Degree

4,726 satisfied customers
Im on long term disability. I have two blocks of money. One

I'm on long term disability. I have two blocks of money. One is a retirement fund and the other is my 401k. These are currently being managed by my former employer. I've heard that I can withdraw my pension fund without penalty except for taxes. I'm 52 years old single but my home is shared with my ex partner. We both reside in the home with his mother.One option I was considering was to pay off my the home loan. Not having that monthly payment would be a great relief. But, it would also be a risk for my retirement fund. Currently, my 401k is invested in the stock market. That makes me very nervous. Its only now that my 401k has gotten close to what it was pre-stock drop. But, putting that money in an IRA making basically no interest doesn't seem wise at all.I definitely want the pension money away from my employer. The 401k I'm not sure about. Currently that money is in a age-driven fund. As I get older, the investment shifts to less risky options.Sorry, I know that's a lot of questions. Thanks for your help.

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Bill

Master's Degree

2,002 satisfied customers
I am self employed and made over $300,000 in 2016. I

I am self employed and made over $300,000 in 2016. I contributed to my IRA and my wife's IRA in December. My wife started a part time job in 2016, but she was not eligible for healthcare or the retirement plan. Yet, her W-2 came in with the retirement plan box 12 checked. My tax program denied the tax deduction completely. Question is the limit on non-deductible IRA contributions the same. In other words, I can leave the contribution in our IRA accounts, but I do not get the tax deduction. We contributed $6,500 for me and $5,500 for my wife ( who is not yet 50 ). Thanks for your help.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,804 satisfied customers
I have EE savings bonds from my late mother and/or late

I have EE savings bonds from my late mother and/or late father. There is no estate issues and no legal administration necessary. I divided the bonds between us next of kin surviving 1 brother(me) and 1 sister. None of these bonds have matured yet.Do each of us fill out Form 5336, list all the bonds to be distributed in our respective names?

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taxmanrog

Master's Degree

1,022 satisfied customers
I have an independant contractor that I paid for his moving

I have an independant contractor that I paid for his moving truck, reimbursed him for travel expenses apartment fees, and his first months rent. Do I have to add this total to his 1099?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I paid him weekly payments which I know goes on his 1099, but i'm not sure about the expensesJA: Is there anything else the Accountant should be aware of?Customer: I think thats it

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,426 satisfied customers
I know generally that interest on loans is not deductible.

I know generally that interest on loans is not deductible. However, I have heard that interest on educations loans IS deductible.1. Is this true?2. On which form would it be entered if true.Thank you.

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Mark Taylor

Certified Public Accountant

Masters

2,678 satisfied customers
I have a house that I am going to utilize as a rental. What

I have a house that I am going to utilize as a rental. What are some of the items that I can deduct from my personal income tax? Can I deduct the depreciation of the home on a straight line of 40 years AND deduct the mortgage as an expense? Or must I split the mortgage principal and the PMI. Also, can I deduct the PMI?

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Mark Taylor

Certified Public Accountant

Masters

2,678 satisfied customers
I understand I only have three years to claim a refund for

I understand I only have three years to claim a refund for overpayment of federal income tax in the U.S. Are there any exceptions to this, for example, if the year in question is being audited and I want the overpayment to be considered a prepayment of the next years estimated tax?

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Mark Taylor

Certified Public Accountant

Masters

2,678 satisfied customers
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