HDTenEightyP/NetNews huggingface dataset:
From: jfg@spiderman.bu.edu (John F. Gibbon)
Newsgroups: misc.taxes
Subject: No Taxes on Fellowships, Scholarships
Keywords: Taxes, Fellowships, Scholarships
Date: 21 Aug 92 21:28:33 GMT
Organization: Information Technology, Boston University, Boston, MA, USA
Originator: jfg@spiderman.bu.edu



	While you may have heard, it is worth repeating that the
current U.S. Congress is considering a bill which would make scholarships
and fellowships once again exempt from taxes.  This bill also allows
for all taxes that have been paid on scholarships and fellowships
since 1987 (when they were first taxed) to be refunded.  

	This is obviously beneficial to the entire academic community,
especially graduated students.  Please write or call your representative and
even senators to voice your support for this bill.

It has been introduced in the House of Representatives as HR 4418 by
Rep. Lewis of Florida.


You can call 1-800-347-1997 to get information to find out who is your federal
representative.  Otherwise, you can call the House of Representatives directly
at 202-224-3121.

Spread the word.
From: carl@Cayman.COM (Carl Heinzl)
Newsgroups: misc.taxes
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Date: 16 Aug 92 18:18:15 GMT
Organization: Cayman Systems Inc., Cambridge, MA
In-reply-to: acheng@ncsa.uiuc.edu's message of 11 Aug 92 20:49:00 GMT


>I have never moved myself.  I would imagine if the moving cost is not
>provided by the new company, I would rather rent a big moving truck to
>do it myself.  Does it really cost that much to move?

Easy to say.  Not as easy to do.  If my wife and I were to move we
would need more than a 24' truck, the biggest that you can drive with
a "standard" auto license (class 1 or class 3, I forget which one).

-Carl-
--
Newsgroups: misc.taxes
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: Has Anyone Successfully Un-Taxed?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Tue, 18 Aug 1992 14:40:27 GMT


In article <pkershaw-170892232506@dce.com.>, pkershaw@dce.com writes:
>RBut if I donUt pay income tax, or file a return, IUll go to jail.S
>BALONEY! How many people have gone to jail? The IRS itself acknowledged
>that it was successful in doing so only one time last year. The person who
>went to jail was Leona Helmsly! Now give me a break. Does anyone really
>believe she went to jail for tax evasion? She copped a plea, rather than go
>to jail for embezzlement and extorsion. Non-payment of income tax cannot be
>a crime in the first place, since it is a voluntary system! But agreeing to
>this alleged crime got her considerably less time, and certainly furthered
>the marketing hype interests of the IRS. Does anyone really know of a law
>abiding citizen who went to jail? Everyone seems to have heard of someone
>somewhere who supposedly went to jail for non-payment of taxes. WhereUs the
>proof? Every story seems to be about a drug lord or mobster.

Didn't Al Caprone go to jail for tax evasion?  (reference? "The
Untouchable".  If it is on TV and shown as a movie, it got to be
the truth, the whole truth, nothing but the truth.)  If Al had
enough lawyers to get him off murder charges, why would they
settle for an unconsititution law?  Ah, I know, there is a
bigger shark coming and Al was seeking refuge behind bars.

>Many would like to avoid income tax based upon moral justification. This
>however is foolhardy, and has never worked with the IRS, or in court. There
>is no code, regulation, or law which allows one to effectively become a
>conscientious objector to paying income tax. These are the people the IRS
>loves most to take to court, because they will always win. Such people
>seldom know the first thing about law, and cannot win based simply on their
>moral convictions.

Tell me Al did not know about the laws and he had moral convictions and I
will tell you how far American has sunk.

Newsgroups: misc.taxes
From: pettigrew_mi@ripple.enet.dec.com (Mike Pettigrew)
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Organization: Digital Equipment Corporation
Date: 21 AUG 92 17:36:52 PDT


> 
>The major portion of this, 15K, is already deductable.  Most of that would
>reduce your basis in the house, so it will eventually reduce the amount of
>taxes you will pay.....
>

    The major portion of that 15K is not deductable from current income
    and will not reduce your taxes if you buy another house.

    Reducing the tax basis of your house sale has no meaning if you are
    trying to continue owning your home.

>                  ....Of course, you still have to pay the $15K up front.  But
>if you could deduct that portion as a moving expense you would be avoiding tax
>on the same money twice.
>

    As a practical matter you cannot deduct most of those 15K expenses at all,
    and it is a conservative estimate of real estate sales costs.  If you are
    on the East or West coasts, that 15K can easily become 25K.

    Moving around the country from job to job basically does not pay off in
    in the long run, for most middle class wage earners.  However, we have
    an economy, largely impaired by government tax policies, which is forcing
    lots of people to move "elsewhere" to support their families.

    Things will sort themselves out with much less hardship if the government
    avoids taxing expenses incurred trying to improve one's economic position.

    At one time, all moving expenses were deductable.  It still makes sense.

----------------------------------------------------------------------------
| -Mike Pettigrew        pettigrew_mi@ripple.enet.dec.com
|                        (206) 661-3032
|                        Digital Equipment Corporation 
|                        Federal Way, Washington, USA
|___________________________________________________________________________
|  Surprises Every Day!
|___________________________________________________________________________
|These opinions are mine and not necessarily my employer's
----------------------------------------------------------------------------
Newsgroups: misc.taxes
From: karenm@sco.COM (Karen Marks)
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Organization: The Santa Cruz Operation, Inc.
Distribution: usa
Date: Thu, 13 Aug 1992 19:50:06 GMT


In article <1992Aug12.154522.6711@intellistor.com> wicklund@intellistor.com (Tom Wicklund) writes:

 My last move totalled close to $20,000 (movers, living expenses during
>the move, etc).
>
>The new company often pays moving expenses, but that money is added to
>your income.  If you itemize deductions you can then deduct moving
>costs, so you don't pay taxes on them.

A note about temporary living expenses; the IRS only allows you to
deduct a certain dollar amount per day for a limited time (30 days?). 
If your employer puts you up in an expensive hotel or apartment,
or for more than 30 days, you are not allowed to deduct the part
exceeding the limits, and end up paying taxes on the difference.  
In my experience, most people don't know this and are surprised 
when tax return time comes around.

Karen Marks
From: ts@cup.portal.com (Tim W Smith)
Newsgroups: misc.taxes
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Date: Sun, 16 Aug 92 22:53:56 PDT
Organization: The Portal System (TM)
  <Bsu75p.8y7@news.cso.uiuc.edu> <1992Aug12.134009.9918@progress.com>

> >I have never moved myself.  I would imagine if the moving cost is not
> >provided by the new company, I would rather rent a big moving truck to
> >do it myself.  Does it really cost that much to move?
> 
>   I've moved 7 times in the last 5 years.  Only once did it make sense to take
> the moving expense deduction.  All others the standard deduction was higher.
> Note that I moved myself, thereby saving quite a few thousand dollars.  Note
> also that you can only take the deduction for moving expenses if you itemize.
> The only people I know who get a better deduction through itemizing are those
> people who own property & deduct the mortgage interest.

Much depends on where you live.  I just moved from Cupertino, IOU, to
Seattle, WA.  In IOU, it has always been worth itemizing, since the IOU
state income tax was about the same size as the standard deduction.

As a data point for moving cost, I only have a one-bedroom apartment's worth,
consisting of:
	36 1'x1'x1.5' boxes of books
	4 big bookcases (7 feet tall x 3 feet wide)
	1 smaller bookcase (6'x2')
	1 little bookcase (2'x3')
	1 folding table
	1 mutant storage thing (e.g., Tim goes wild with power tools!)
	2 steel shelving units
	1 waterbed
	50" TV and a bunch of stereo equipment
	10 assorted boxes of other things
	a couple boxes of computer stuff
	1 bicycle

This occupied about 500 cubic feet.  Bekins charged $1526 to move this.  I
did the packing.  The did the carrying (source and destination were both
upstairs).  A Ryder truck one way would have been around $1200.  So, was
it worth around $300 to have someone else do all the hard work?  I think so.

Now if I could just find some way to deduct the cost...I'm moving to go
to school, and so won't be employed full-time for the 39 weeks the IRS
wants.  Grrr.

--Tim Smith
From: MAILER AT IONA <$EMD%IONA.BITNET@SHSU.edu>
Newsgroups: misc.taxes
Subject: Undeliverable Mail
Date: Wed, 19 Aug 92 11:50:13 EDT
Organization: Fedtax-L<==>Misc.Taxes Gateway
X-Gateway-Source-Info: Mailing List


The following errors occurred while attempting to send this mail file.

Sender is: FedTax-L@SHSU

*11.50.12 No LOCAL mail recipient found in the mail envelope

-----------------------------  ORIGINAL MESSAGE  -------------------------------

Errors-To: TaxMan@SHSU.edu
X-ListName: Federal Taxation and Accounting Discussion List <FedTax-L@SHSU.edu>
Received: from logdis1.oo.aflc.af.mil by Niord.SHSU.edu (MX V3.1B) with SMTP;
          Wed, 19 Aug 1992 10:48:14 CDT
Return-Path: <rdyreng>
Received: by logdis1.oo.aflc.af.mil id AA23534; Wed, 19 Aug 92 09:31:36 -0600
Date: Wed, 19 Aug 92 09:31:34 -0700
From: <rdyreng@logdis1.oo.aflc.af.mil>
Reply-To: FedTax-L@SHSU
Subject: Tax Preparation Software
To: FedTax-L@SHSU

I have been going to a tax preparer for the last several years,
because I have some rental property and initially didn't know how to
take my depreciation and a few other odds and ends.  I now believe
that I can make better use of the $110 that I spend on him each year.
He provides me no advice, not tax strategy, just fills out the forms.

I am thinking that I could do just as he does using TurboTax or
MacInTax on my home computer.  Has anybody out there had experience
with either one of these or any other tax preparation programs?  Do
you have any gripes with them?  Are they detailed enough that I can
use them for income property or a small business?  Are they priced
competitively with using the services of a tax preparer?  Do you need
to buy a new one each year, or do you get upgrades?

Please share any experiences you have had with these types of
programs.

Thanks,

Russ
From: maribel@maribel.b23b.ingr.com (maribel tan)
Newsgroups: misc.taxes
Subject: Re: Tax treaty (INDIA)
Date: 18 Aug 92 15:37:30 GMT
Organization: Fedtax-L<==>Misc.Taxes Gateway
X-Gateway-Source-Info: Mailing List

>
>
>
> 	I'd like some pointers from anyone familiar with the new tax
> treaty with India.  In essence, income of a person who comes from India
> to teach, or do research of some interest/benefit to the general public
> is exempt from federal tax as long as the stay does not exceed two years
> and the person was a resident of India prior to the visit.
>
> 	I was a graduate student till the middle of '90.  I've been on
> the same job for the two years since then, and ending this month.  Since
> the job is different from the period that I was a student, I think I
> qualify for the exemption.  I did physically leave the country after
> graduation and return some weeks later to take up the position.
>
> 	However, (:-), (a) for tax years '89 and '90 I filed as resident
> as the 5-year exempt period was up and (b) I remained on F1 status,
> practical training, till August of '91 and then switched to H1.  I know
> that as per definitions in the treaty, which the irs permits to supercede
> any existing definitions in the ir code, I have never been a resident of
> the US---filing as a resident does not make me one, and by the applicable
> law prior to the treaty, I was required to file as resident; a special
> exempting ruling had to be obtained from the IRS to continue to file
> as non-resident.  That I was on F1 status does not imply that my work
> does not fit the exempt category.  I think it's reasonably clear that
> I qualify, but does anyone have experience or a ruling that I can cite.
>
> 	Thanks.
>
> --
>
> Joseph Mathew
>

such similar law applies to Chinese citizen as long as they have not
claim or filed under the tax treaty benefit for X amount of years exceeding
the allowable. you may want to double check though. I suggest call the IRS
1-800-tax-1040 number, it will take them weeks before they call you back to
answer your questions.

ps. by the way, were you the Joseph Mathew who used to teach in De La Salle
University -Manila sometimes in 86-87 ? although I know this should be a very
common Christian Indian name.

Maribel


> fsjm@bart.lerc.nasa.gov
>
From: bne@tecsrv12.teradata.com
Newsgroups: misc.taxes
Subject: Two fulltime jobs.
Date: 11 Aug 92 22:35:41 GMT
Reply-To: bne@tecsrv12.teradata.com ()
Distribution: usa
Organization: ATT/NCR Teradata Business Unit
Originator: bne@tecsrv12

Hi,
	I have a question regarding a person who has two fulltime jobs. 
Regardless to say the taxes are killing him. I was surprised when I 
saw the amount he is paying in Federal tax, Social Security etc.
I promised to find out some more. I was wondering if any tax gurus 
could help me out on this. 

Are there any benefits/tax breaks for those whose income is a combination of 
two jobs? I vaguely remember something about getting part of your 
Social Security back or something.

Logically it makes sense to give a person who earns

$1000/week and works 80 hours
 
a break over someone who earns

$1000/week and works 40 hours.

I would prefer email responses. I will summarize for the net.
Thanks!

--
Burzin Engineer                                 bne@ElSegundoCA.NCR.COM
Systems Test & Verification                     (310) 524 7513
Teradata Business Unit
From: matth@progress.COM (Matthew J. Harper)
Newsgroups: misc.taxes
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Date: 12 Aug 92 13:40:09 GMT
Organization: Progress Software Corp.

acheng@ncsa.uiuc.edu (Albert Cheng) writes:


>In article <16840B3FD.M23231@mwvm.mitre.org>, M23231@mwvm.mitre.org writes:
>>So you think the Democrats may save us from the excesses of 12 years of
>>Republican rule?  Well, actually, IMHO, Dan Rostenkowski (D) IL has done this
>>middle class downwardly mobile family more harm than the Republicans with his
>>tax bills starting in 1986. This year his bill would limit the moving expense
>>deduction for families to $5,000.  According to a Wash. Post article the bill
>>is motivated by the fact that lots of revenue is expected to be generated from
>>this provision, since many middle class folks will be moving within the next
>>several years as companies "downsize" and move offshore, and more jobs are
>>lost. The average move for the middle class is said to cost $10,000-$15,000.
>>...

>I have never moved myself.  I would imagine if the moving cost is not
>provided by the new company, I would rather rent a big moving truck to
>do it myself.  Does it really cost that much to move?

  I've moved 7 times in the last 5 years.  Only once did it make sense to take
the moving expense deduction.  All others the standard deduction was higher.
Note that I moved myself, thereby saving quite a few thousand dollars.  Note
also that you can only take the deduction for moving expenses if you itemize.
The only people I know who get a better deduction through itemizing are those
people who own property & deduct the mortgage interest.

-Matth
--
          Matthew J. Harper ! Progress Software Corp. ! {disclaimer.i}         
   God created heaven and earth to grow barley and hops. Now he homebrews !-)
From: matth@progress.COM (Matthew J. Harper)
Newsgroups: misc.taxes
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Date: 20 Aug 92 18:49:04 GMT
Organization: Progress Software Corp.

kd1hz@anomaly.sbs.risc.net (Michael P. Deignan (KD1HZ)) writes:

>pettigrew_mi@ripple.enet.dec.com (Mike Pettigrew) writes:

>>  The government should give a tax break to people who are moving because
>>  they are getting a new job (at a hopefully greater salary), and will 
>>  continue to pay taxes - instead of going on welfare.

>The government should give a tax break to people who are moving because
>they want to be closer to work (and hopefully will use less natural
>resources to commute there).


>MD

  Uh, problem here.

  Essentially there's two ways to move:

  1) You stay in the same job but move to be closer (or further) from work.

  2) You get a new job and move to get closer (or further) from it.

  Case 1 rarely involves moving expenses being an allowable deduction.  You can
only deduct moving expenses if the new home is greater than 30 miles from the 
old one.  There's also some clause about the relative distance to work as well.

  The second one is the one most people are referring to in this thread.


  As far as taxing moving expenses, I have a question:

  The Feds see money a company pays to move you as part of your income.

  What money can a company give you these days do the Feds *not* look at this 
  way?  


  Ways to get money from a company:
  
  - Your wages are taxed
  - Monetary merit awards are taxed
  - Travel expenses are taxed
  - Tuition reimbursement is taxed
  - Moving expenses are taxed
  - ?


  Now, why shouldn't the Feds see money you're given as part of a move as part
of your income?   It's part of your benefits package and can broken down to 
a dollar amount, no?

-Matth


          Matthew J. Harper ! Progress Software Corp. ! {disclaimer.i}         
   God created heaven and earth to grow barley and hops. Now he homebrews !-)  
--
          Matthew J. Harper ! Progress Software Corp. ! {disclaimer.i}         
   God created heaven and earth to grow barley and hops. Now he homebrews !-)  
-- 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Kyle Tucker - Email Administrator  | 		Progress Software Corporation
tucker@bedford.progress.com 	   |		14 Oak Park
Newsgroups: misc.taxes
From: M23231@mwvm.mitre.org
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Organization: The MITRE Corporation, McLean VA 22102
Date: Wed, 12 Aug 1992 17:37:38 GMT

In article <1992Aug12.161602.12645@crd.ge.com>
joseph@emmax5crd.ge.com (joseph) writes:
 
>
>
>
>  In the good old days, moving expense deduction was not an itemized
>  deduction.  This meant that ordinary mortals who lived in apartments
>  and hence, did not have big mortgage interest deductions to justify
>  itemizing could get a tax break on moving expenses.  The 86
>  tax reform made it an itemized deduction, so that only rich folks and
>  homeowners get the tax benefit.
>
>
Yes, and the 1986 tax bill was also the brainstorm of D. Rostenkowski (D) IL
PLEASE don't miss my point that middle class rape is a bipartisan endeavor,
and until we all demand a real choice at the polls it doesn't matter whether
we elect Dem. or Rep. candidates we're going to get screwed.
 
 
From: J..Robert.Burgoyne@iphase.UUCP (J. Robert Burgoyne)
Sender: FredGate@iphase.UUCP
Newsgroups: misc.taxes
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Date: 13 Aug 92  14:31:25 EST

Organization: Gotham Communications Research

M23231@mwvm.mitre.org writes:
: The Republicans set us up
      ^^^^^^^^^^^ 
: for the move by encouraging corporations to refinance, move off-shore, etc.

Now just a darned minute. Capital moves to where it gets the greatest return
for a given amount of risk. So much capital has moved out of these United
States primarily because returns on capital are taxed so highly, and because
there are good opportunities overseas. An expensive workforce and a highly
regulatory environment make the US undesirable for many businesses. The
workforce is expensive because of many factors. Regulation comes from the 
democrats. Reagan did everything he could to get rid of burdensome regulation.

George Mitchell shoulders the blame for fillibustering attempts in 1990 to
reduce the capital gains tax rates. George Mitchell is a democrat. So is
our tax mastermind, Dan Rostenkowski, who doesn't even fill out his own
tax return.

Robert
 * Origin: Gated from uucp to Fidonet by FredGate (1:112/28.0)
From: "hilary miller" <hilary.miller@execnet.com>
Newsgroups: misc.taxes
Subject: donations to charitie
Date: 21 Aug 92 06:51:31 EST
Reply-To: "hilary miller" <hilary.miller@execnet.com>
Distribution: misc
Organization: Executive Networks Information


Boaz Ben-zvi, in a message to All on 08-19-92 at 2:25pm, said:

BB>|If one donates some real estate, can the base value (purchase
   |price) be considered as the value of the donation ?  With the current
   |slump in the RE market, the fair market value may be less than that ...
   |On the other hand, if that RE is sold at a higher price, one is only ta
   |on the portion above that same base value.
   |_______________________________________________________________________

          No.  You are allowed a deduction (subject to certain limita-
          tions) only to the extent of the fair market value of the
          property on the date of the gift.  It is generally preferable
          to donate appreciated property and to sell property which has
          lost value, if you have the flexibility to do so.


   L A
 I    R        Hilary B. Miller of Greenwich, Connecticut
  H/\Y         CIS: 76040,1743
    
---
  DeLuxe 1.25 #11645  Willie Smith: "Wait; Uncle Ted will drive U home"
--
Executive Network Information System  (914) 667-4567
International ILink Host
From: tar@ISI.EDU (Thomas A. Russ)
Newsgroups: misc.taxes
Subject: Re: Middle Class Hit Again in 1992 Tax Bill
Date: 14 Aug 92 23:06:13 GMT
	<DBROOKS.92Aug13213547@silver.lcs.mit.edu>
Reply-To: tar@isi.edu
Distribution: usa
Organization: USC-ISI
In-reply-to: dbrooks@silver.lcs.mit.edu's message of 14 Aug 92 02:35:47 GMT

In article ... dbrooks@silver.lcs.mit.edu (Deborah Ann Brooks) asks:

 > ... why should the  government subsidize people's moving expenses?
 > ...
 > Deborah Ann Brooks
 > dbrooks@silver.lcs.mit.edu

Why should the costs of moving be considered part of someone's income?
If your company transfers you to a location in another state, why
should the cost of moving to stay with your job be considered taxable
income?
--

Thomas A. Russ                                             tar@isi.edu    
USC/ISI, 4676 Admiralty Way, Marina del Rey, CA 90292      (310) 822-1511