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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

17,252 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

2,000 satisfied customers
Question about percentages. Can you tell me how to take a

Question about percentages.Can you tell me how to take a few percentages and get an average percentage?For example if I take 91.67%, 93.10%, 96.67%, 84.62%.....what is the average of all of these?Please explain like your explaining to a 10 yr old, thanks

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58 satisfied customers
I am years old, employed, and $40,000 in debt. My gross

I am 69 years old, employed, and $40,000 in debt. My gross income last year (after working countless hours) was $45,000. A recent Social Security benefit letter projected $2,000 per month. I can't retire until I'm debt free. A friend advised me to work & collect Social Security at the same time, for the extra income. Is that advisable? Will my Social Security be taxed so highly or throw me into a higher tax bracket that it'll offset any advantages of a higher income in the long run. Also, by applying for Social Security now, I'd lose the 8% extra that I'd get by waiting a year longer. Help!

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TaxRobin

Vocational, Technical or Trade School

20,940 satisfied customers
I have a non profit organization, 501 c-3. about office

I have a non profit organization, 501 c-3. I'mInquiring about office space. Is there a tax incentive for businesses to donate office space? Is there any way a business can save, by renting to non profits?

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Mark Taylor

Certified Public Accountant

Masters

928 satisfied customers
I am working as a bookkeeper for a property management

I am working as a bookkeeper for a property management company. They took an extension for 2015 tax filing, and they want me to compile the 2015 tax information. In 2014 they reported 100% of their "gross rents received" (the rents they collected on behalf of property owners) as income on their tax filing, and then expensed the rents paid out to owners also on their tax filing. The different of the two is their management fees of 10% and the costs they deducted from owners accounts for repairs and maintenance. Is this proper accounting procedures - for a property management company to show rents received on behalf of owners as their own taxable income and then expense the rents paid to owners as expenses on their tax return? (The property management company owns no property of their own)

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Mark Taylor

Certified Public Accountant

Masters

928 satisfied customers
We have a small co-op for homeschool. We have donated

We have a small co-op for homeschool. We have donated inventory, supplies, P E Equipment, microscope. How do I code that on the chart of accounts?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I have an inventory. Some came from donations, some came by class fees. I know I need to do a journal entry. But not sure how to code it and what type of account inventory should be.JA: Is there anything else the Accountant should be aware of?Customer: no

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Mark Taylor

Certified Public Accountant

Masters

928 satisfied customers
If I have a invoice for $550.00 and the IRS off set 549.00

If I have a invoice for $550.00 and the IRS off set 549.00 of it. How should I write the GL and should I remove the invoice from my AR as paid in full or should I apply the dollar they paid and write off the 549.00 the IRS took.

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TaxRobin

Vocational, Technical or Trade School

20,940 satisfied customers
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