HDTenEightyP/NetNews huggingface dataset:
From: jdb@gvgspd.gvg.tek.com (John D. Boote)
Newsgroups: misc.taxes
Subject: Health care plans, IRS, Insurance Companies
Date: 14 Sep 92 21:21:12 GMT
Distribution: usa
Organization: Grass Valley Group, Grass Valley CA



I have an unusual problem I hope someone out there might know something
about or at least know where to point me to get help. 

I have a health plan where I work which is a health care reimbursement
plan. It's one of those plans that you can put in $1000-$5000, or so, 
tax deferred and take the money out if your health insurance does not cover the
cost.

The plan is usually administered by a health insurance company, Aetna, in
this case.

The plan will pay only for qualified indivduals, dependents etc...

The problem: My wife and I are using a surrogate in our attempt to
have children. Because of this we obviously would pay for the surrogates
time, effort, and medical expenses in our quest. 

The insurance company says the surrogate is not a dependent so I can't 
get the money that I have put into my account back out. 

I have talked to the Insurance company several times. They say they
cannot give the money out due to IRS rules that the plan does not cover
non-dependents.
	
My thoughts on this are that it should be an legal expense and that I should be
able to my $ from my account. I view this as a service expense that is
required to complete a medical procedure, however unusal it may be. I
would understand if it were simply the insurance companys money but it is
my hard earned money in their hands.

I did call the IRS but they have not been much help so far.

Any thoughts, tax pulications, etc.

Thanks in advance

JDB.
Newsgroups: misc.taxes
From: Marc Evans <evans@zk3.dec.com>
Subject: Re: Vermont Taxes
Reply-To: evans@zk3.DEC.COM
Organization: Synergytics
Distribution: na
Date: Thu, 10 Sep 1992 11:54:17 GMT


>What is the sales/income tax situation in Vermont?

They have both (sorry, I couldn't resist 8-)

I believe that the income tax is linked directly to the fed tax
and runs about 5%. The sales tax was 3% when I lived there, though
I seem to recall something about it being changed to 4%.

- Marc
From: art@acc.com (Art Berggreen)
Newsgroups: misc.taxes
Subject: Re: Question on House Capital Gains
Date: 14 Sep 92 17:47:06 GMT
Organization: ACC, Advanced Computer Communications

In article <BuJ7MG.HrA@mail.boi.hp.com> alien@boi.hp.com (Tom von Alten) writes:
>scheiman@sceng.UB.Com (Scott Scheiman) writes:
>: 
>: Assuming I've got this right, here's my question:  what are the tax 
>: implications of converting that house to a rental and not buying 
>: another within the two years???
>
>My guess is that the conversion has to happen at "fair market value,"
>which you'll have to establish somehow, and then any capital gains become
>realized and taxable.

I think any appraisal by an established professional appraiser would be a good
idea.

I's assume the tax consequences would be the same as selling your primary residence
outright and then turning around and buying a rental for exactly the same price.

Art
From: $EMD%IONA.BITNET@SHSU.edu (MAILER AT IONA)
Newsgroups: misc.taxes
Subject: Undeliverable Mail
Date: 4 Sep 92 22:16:16 GMT
Organization: Fedtax-L<==>Misc.Taxes Gateway
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          Sep 1992 17:09:33 CDT
From: <newberg@largo.Berkeley.EDU>
Reply-To: FedTax-L@SHSU
X-Newsgroups: misc.taxes
Subject: Re: SEP/IRA calculations
Date: 4 Sep 1992 21:42:06 GMT
Organization: University of California at Berkeley
Distribution: usa
NNTP-Posting-Host: largo.berkeley.edu
To: FedTax-L@SHSU
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In article <1992Sep2.231008.4962@research.nj.nec.com> shm@syl.nj.nec.com writes:
>The IRA SEP/IRA tax guide says that employer-employee total contribution
>towards SEP plan can be the lesser of 15 % (13.0435% of the net compensation)
>or $30,000. Could someone explain to me where the number 13.0435 come from?
>I tried all combinations of FICA (7.65 employee + 7.65 employer) exemptions,
>but could not come to this number.
>
>Thanks in advance,
>
>Sam

It's .15/1.15.  Your salary is 100%, your contribution is 15%; so your
contributions is 13.0435% of their sum.

  --
 --
--
Standard Disclaimer Applies.

Lee Newberg (newberg@cs.Berkeley.EDU)
Newsgroups: misc.taxes
From: cat@mips.dss.com (Iain Wacey)
Subject: Re: Vermont Taxes
Reply-To: cat@mips.dss.com (Iain Wacey)
Organization: Datability Inc.
Distribution: na
Date: Tue, 15 Sep 1992 14:03:34 GMT

In article <1992Sep10.115417.13828@decvax.dec.com>, Marc Evans
<evans@zk3.dec.com> writes:
> 
> >What is the sales/income tax situation in Vermont?
> 
> They have both (sorry, I couldn't resist 8-)
> 
> - Marc

Currently the income tax is 25% of your federal tax.  The sales tax is
5%.  It was
initially set to revert to 4% after two years but do to the economy it
will likely
remain.  Property taxes were I live are about 1.6% of assessed value.

Iain Wacey
cat@pluto.dss.com
Newsgroups: misc.taxes
From: gaujxl@mercury.fnma.com (Jacob Lifshitz)
Subject: Re: Expensing a Computer
Organization: Fannie Mae, Washington, DC
Date: Wed, 9 Sep 1992 14:06:04 GMT


I am just wondering how people make a determination of the % used of the 
computer.  I have a similar situation.  Is it by %time of use? or maybe total
bytes produced?

Thanks, 
Kobi
Newsgroups: misc.taxes
From: cfrnb@uxa.ecn.bgu.edu (Bob Barger)
Subject: Michigan & Indiana Income taxes
Organization: Educational Computing Network
Date: Sun, 6 Sep 1992 23:17:43 GMT

Can anyone tell me if Indiana or Michigan have state income taxes?
Thanks, Bob Barger
Newsgroups: misc.taxes
From: alien@boi.hp.com (Tom von Alten)
Subject: Re: Expensing a Computer
Date: Mon, 7 Sep 1992 21:39:27 GMT
Organization: Hewlett-Packard
X-Newsreader: Tin 1.1 PL3

GORDONM%DENISON.BITNET@SHSU.edu (Michael Gordon) writes:
:         You can expense the proportion of your cost which reflect business
: use. If the total cost is $10,000 and your business use is 80%, then you can
: deduct $8,000 under section 179. The remaining $2,000 either gets no
: deduction, if used for games, etc. or, if you use it for investment purposes
: (track the market, compute taxes, etc.) then it must be amortized over five
: years.

If memory serves (your mileage could vary significantly :), your business
also has to show enough profit to cover the section 179 deduction - if it
doesn't, you'll have to carry the "excess" forward, which could end up being
less attractive than depreciation, since you can depreciate yourself into
a loss.
_____________
Tom von Alten           email: alien@boi.hp.com
                        Hewlett-Packard Disk Memory Division
From: andy@hplvec.LVLD.HP.COM (Andy Mechtenberg)
Newsgroups: misc.taxes
Subject: Workman's comp as income?
Date: 3 Sep 92 16:06:35 GMT
Organization: Hewlett-Packard Co., Loveland, CO

Just a quick question:

Will a cash settlement for a claim against workman's comp be taxed
as income?  She will use the money for surgery to repair the
work-related injury and the rest for vocational rehabilitation.  She
will also not be allowed to make any further claims for this
injury.

Thanks,

Andy.

andy@hplvec.lvld.hp.com
Xref: sparky misc.taxes:3130 misc.invest:11523
From: edmunds@vaxb.llnl.gov
Newsgroups: misc.taxes,misc.invest
Subject: Inheritance exemption to be reduced to $200K??!!
Date: 14 Sep 92 16:04:25 GMT
Followup-To: misc.taxes
Organization: LLNL_LIS


	Apparently there's a bill in the Senate now (it's already passed
the House) devoted to long term care for the elderly, which sounds good, but
which has buried on page ~138 of ~150 is a provision which changes the
inheritance tax exemption from $600K to $200K.  Has anyone heard anything 
about this?  I heard of it on an investment-oriented radio talk show, and I 
have no reason to doubt what the guy was saying.  Does anyone know any more
about it?
	If this happens, what an asinine piece of legislation!  It penalizes 
the people who save and are self-sufficient in their old age, and will
encourage legal and accounting shenanigans.  Given the inheritance tax
rates, this is going to cost folks hundreds of thousands of dollars!  There
are many people with estates in the $600K range, but I'm sure if the
bill does get any publicity it'll be described as a "tax on the rich".
If it passes and Bush vetoes it, he'll be accused of vetoing legislation
for the elderly.
	The bill was sponsored in the House by Richard Gephardt, the jerk
from Missouri.

-- Dave Edmunds
From: tbarnes@Teknowledge.COM (Terry A Barnes)
Newsgroups: misc.taxes
Subject: Re: playing with withholding
Summary: go for it -- within reason...
Date: 14 Sep 92 19:37:11 GMT
Reply-To: tbarnes@teknowledge.com (Terry A Barnes)
Organization: Cimflex Teknowledge Corp., Palo Alto CA

>[...] Now is there any reason I can't intentionally be under-withheld
>for the first part of the year, and then make up for it in the latter
>part of the year?

No.

>And, if so, the obvious question just extends that
>strategy to its logical conclusion:  Why can't I have $0.00 withheld
>from each paycheck, and then sometime before the end of the year,
>give payroll a huge check for the total amount I should have had withheld
>during the entire year?

Your withholding has to have a reasonable basis, and the IRS may require you to
explain and support it.  Also, your payroll dept is not likely to cooperate
with such a scheme.  Of course the IRS never even sees your W2 unless you claim
more than ten or so exemptions...

>I know self-employed people must ensure they're
>paid up quarterly, but salaried people are under no such obligation
>from what I understand.  Any ideas?

Wrong.  Everyone is responsible for being "paid up" quarterly.  If you don't
have enough withheld, you must make quarterly payments in addition.  The key is
that withholding is assumed to occur *evenly* throughout the year unless *you*
choose to prove otherwise.  So as long as you withhold 90% of this years taxes
(or 100% of last years - with a few new exceptions) through withholding, you're
in the clear.

			Terry Barnes


-- 
INTERNET:  tbarnes@teknowledge.com
  USENET:  {hplabs|sun|ucbvax|decwrl}!tbarnes%teknowledge.com
HARDCOPY:  Cimflex Teknowledge, 1810 Embarcadero Road, Palo Alto, CA 94303
   PHONE:  (415) 424-0500 x416     FAX:  (415) 493-2645
From: bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann)
Newsgroups: misc.taxes
Subject: Computing capital gains for investment clubs
Date: 14 Sep 92 14:47:08 EST
Organization: Logicon Technical Services, Inc.

	Okay, here's the situation:

	You buy into an investment club, investing $100 a month for a few
years.  After 10 years, because of stock trades, etc. your share is worth
$100,000.
	You cash out, selling your *shares of the investment club* to someone
else (or several someones) for $100,000.  How are the taxes computed?

Brett--------------------------------------------------------------------------
	"Why the courts don't tell a husband who has been living off his wife
to go out and get a job is beyond my comprehension."--Joan Lunden
-------------------------------------------------------------------------------
Newsgroups: misc.taxes
From: hathaway@spectra.com (Arthur Hathaway)
Subject: Tax Preparer
Organization: Spectragraphics Corporation
Distribution: usa
Date: Fri, 11 Sep 92 22:21:37 GMT

I posted this first in misc.entrepreneurs, but didn't get any response.
So I'll try it here.
I have been doing tax returns for myself and close friends for some years.
I would now like to become license and do this on a part time basic.
Here are a few questions I have concerning this:
	1. How do I apply for Federal/State license.
	2. Are there any self study or correspondence course available.
	3. Is H&R Block the only company that train and hire part time.
	4. Are the bonding issues to consider.

Thank in advance...
-- 
***********************************************************************
Arthur L. Hathaway		Tel (619) 587-6869
hathaway@spectra.com
Newsgroups: misc.taxes
From: scheiman@sceng.UB.Com (Scott Scheiman)
Subject: Question on House Capital Gains
Organization: Ungermann-Bass
Date: Sat, 12 Sep 1992 07:51:27 GMT

My understanding is that you can postpone the capital gains on the sale 
of your house as you move to another house, as long as you move within 
two years.  But it has to be your "principal residence". 

Assuming I've got this right, here's my question:  what are the tax 
implications of converting that house to a rental and not buying 
another within the two years???
--
Special Guest .Signature:
      "Irresponsibility is not a sickness--it's an art!" -- R. Steele

"Ribbit!"          Scott Scheiman  (408) 562-5572         Ungermann-Bass
  ` /\/@\/@\/\                                         3990 Freedom Circle
   _\ \ -  / /_        Scheiman@sceng.UB.Com       Santa Clara, CA  95052-8030
From: sheppard@hpnmdla.sr.hp.com (Roger Sheppard)
Newsgroups: misc.taxes
Subject: Taxing CA Redemption Value
Date: 11 Sep 92 17:50:30 GMT
Organization: Hewlett-Packard, Santa Rosa, CA


A question about the California Redemption Value to encourage recycling. 

I purchase a 12 pack of beer. The bill comes to:

1) beer price
3) California Sales tax. 7.25-8.0% Depending on what county you live in.

The tax is applied to the total of the beer price PLUS the CRV.

Why are we taxed on the CRV as well as the product? Arguably, the CRV could
be considered a "tax" since, if you don't recycle you end up with money out
of your pocket. Does that money goes to the recycle program or to the state?

However, if you do recycle (I do) you would get back almost exactly what you 
paid as the CRV. 

Each aluminum can is approximately 1/2 oz. Times 12 = 6.0 oz's. I get $0.79 per
pound for recycling which would bring back ~$0.296 of my $0.30 CRV. So, I'm 
about even except for my gas/time/storage of the cans. But I am out a 7-8%
tax on that $0.30 or about 2.25 cents each time I buy a 12 pack of aluminum
cans. 
cans.

Granted you would have to go through a lot of aluminum cans before you would
hurt too much. But, why are we taxed on the CRV?

Roger..
From: pine@maui.nsc.com (Bill Needles)
Newsgroups: misc.taxes
Subject: Re: Michigan & Indiana Income taxes
Date: 8 Sep 92 17:14:19 GMT
Organization: National Semiconductor Corporation

Indiana does!
From: newberg@largo.Berkeley.EDU (Lee Aaron Newberg)
Newsgroups: misc.taxes
Subject: Re: SEP/IRA calculations
Date: 4 Sep 1992 21:42:06 GMT
Organization: University of California at Berkeley
Distribution: usa
NNTP-Posting-Host: largo.berkeley.edu

In article <1992Sep2.231008.4962@research.nj.nec.com> shm@syl.nj.nec.com writes:
>The IRA SEP/IRA tax guide says that employer-employee total contribution
>towards SEP plan can be the lesser of 15 % (13.0435% of the net compensation)
>or $30,000. Could someone explain to me where the number 13.0435 come from?
>I tried all combinations of FICA (7.65 employee + 7.65 employer) exemptions,
>but could not come to this number.
>
>Thanks in advance,
>
>Sam

It's .15/1.15.  Your salary is 100%, your contribution is 15%; so your
contributions is 13.0435% of their sum.

  --
 --
-- 
Standard Disclaimer Applies.

Lee Newberg (newberg@cs.Berkeley.EDU)
Newsgroups: misc.taxes
From: James.Braunsdorf@bbs.rn.com (James Braunsdorf)
Date: Mon, 14 Sep 92 23:12:25 EST
Organization: The Gator Public Access Unix Site - 219-289-3745
Subject: Spouse working for you
Distribution: world
Reply-To: James.Braunsdorf@bbs.rn.com (James Braunsdorf)
X-Posting-Software: UnixBBS 1.03b S/N 145921

  A recent poster was asking about the social security tax if your
spouse works for you.  It was true a few years back that a spouse
working for a single proprietor did not/could not pay social security
tax and qualify for a pension on that.   The tax reform law changed
that for spouses and s/he now has to have FICA withheld and employer
pays his share. 
     There also are the restrictions on qualifying for an IRA that may
prevent that if either spouse also has a job with a pension.
    So I would guess this Givens suggestion is not a very good deal
even though it once was quite popular. times and laws change.
        James Braunsdorf
From: rdyreng@logdis1.oo.aflc.af.mil (Russell I. Dyreng;OO-ALC/LILE-1)
Newsgroups: misc.taxes
Subject: Re: Vermont Taxes
Date: Thu, 10 Sep 92 17:01:39 -0700
Organization: Fedtax-L<==>Misc.Taxes Gateway
X-Gateway-Source-Info: Mailing List

> >What is the sales/income tax situation in Vermont?
>
> They have both (sorry, I couldn't resist 8-)
>
> I believe that the income tax is linked directly to the fed tax
> and runs about 5%. The sales tax was 3% when I lived there, though
> I seem to recall something about it being changed to 4%.
>
> - Marc
>
I believe that *New Hampshire* has no sales tax.

Russ
From: MAILER AT IONA <$EMD%IONA.BITNET@SHSU.edu>
Newsgroups: misc.taxes
Subject: Undeliverable Mail
Date: Sat, 05 Sep 92 01:57:36 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

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          Sep 1992 00:54:11 CDT
From: <andy@hplvec.LVLD.HP.COM>
Reply-To: FedTax-L@SHSU
Date: Thu, 3 Sep 1992 16:06:35 GMT
Subject: Workman's comp as income?
Organization: Hewlett-Packard Co., Loveland, CO
X-Newsgroups: misc.taxes
To: FedTax-L@SHSU
X-Gateway-Source-Info: USENET

Just a quick question:

Will a cash settlement for a claim against workman's comp be taxed
as income?  She will use the money for surgery to repair the
work-related injury and the rest for vocational rehabilitation.  She
will also not be allowed to make any further claims for this
injury.

Thanks,

Andy.

andy@hplvec.lvld.hp.com
From: Arthur.Hathaway@iphase.UUCP (Arthur Hathaway)
Sender: FredGate@iphase.UUCP
Newsgroups: misc.taxes
Subject: Tax Preparer
Date: 11 Sep 92  22:21:37 EST

Organization: Spectragraphics Corporation

I posted this first in misc.entrepreneurs, but didn't get any response.
So I'll try it here.
I have been doing tax returns for myself and close friends for some years.
I would now like to become license and do this on a part time basic.
Here are a few questions I have concerning this:
	1. How do I apply for Federal/State license.
	2. Are there any self study or correspondence course available.
	3. Is H&R Block the only company that train and hire part time.
	4. Are the bonding issues to consider.

Thank in advance...
-- 
***********************************************************************
Arthur L. Hathaway		Tel (619) 587-6869
hathaway@spectra.com
 * Origin: Gated from uucp to Fidonet by FredGate (1:112/28.0)

Newsgroups: misc.taxes
From: rhoover@watson.ibm.com (Roger Hoover)
Subject: Vermont Taxes
Date: Wed, 09 Sep 1992 13:40:37 GMT
Distribution: na
Disclaimer: This posting represents the poster's views, not necessarily those of IBM
Organization: IBM T.J. Watson Research Center

What is the sales/income tax situation in Vermont?

roger hoover
rhoover@watson.ibm.com

Newsgroups: misc.taxes
From: ioguo@mars.lerc.nasa.gov (OA Guo)
Subject: Re: Computing capital gains for investment clubs
News-Software: VAX/VMS VNEWS 1.41    
Organization: NASA Lewis Research Center
Date: 15 Sep 1992 09:40 EDT  

In article <1992Sep14.144709.1663@falcon.aamrl.wpafb.af.mil>, bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann) writes...
>	Okay, here's the situation:
> 
>	You buy into an investment club, investing $100 a month for a few
>years.  After 10 years, because of stock trades, etc. your share is worth
>$100,000.
>	You cash out, selling your *shares of the investment club* to someone
>else (or several someones) for $100,000.  How are the taxes computed?
> 
	So, you have formed a partnership investment club.  The answer is
	your investment club should have distributed "capital gains" and 
	"incomes" at the end of each year (i.e. filling out 10K forms and
	issue 1099s) and each individual should have paied their tax every
	year accordingly.  If you didn't do that, you may owe IRS some 
	real good explanations.
	Cheer!

>Brett--------------------------------------------------------------------------
-----------------------------------------------------------------------------
OA Guo                        |My statement does not reflect NASA's point of
NASA - Lewis Research Center  |view.  Nor should NASA's statements reflect
Cleveland, Ohio               |my point of view.
Newsgroups: misc.taxes
From: sdm@cs.brown.edu (Scott Meyers)
Subject: Expensing a Computer
Organization: Brown University Department of Computer Science
Distribution: usa
Date: Mon, 7 Sep 1992 02:10:53 GMT

I am considering the purchase of a personal computer, to be used primarily
(at least 75%-80%) for business.  The computer would be kept at my home in
a room that I use for more than just business and therefore do not declare
as home office space on my taxes.  

The computer system (hardware plus software) I am considering would cost
less than $10,000, and I get the impression from the Consumer Reports Tax
Guide that I would be able to deduct its entire cost in 1992 as a Section
179 expense off my schedule C.  However, the Guide is not entirely clear on
this matter; there seem to be conditions under which the cost has to be
amortized over five years.

If possible, I'd like to expense the cost of the system in 1992.  Can
someone kindly explain precisely what conditions I have to meet to be able
to do this?

Scott

-------------------------------------------------------------------------------
What do you say to a convicted felon in Providence?  "Hello, Mr. Mayor."
Newsgroups: misc.taxes