irasmilo’s Activity

Thu Aug 20

NL

Boards Post

irasmilo replied to the Apple board. 12:19 AM

Re: Does the end of subsidies help or hurt AAPL?

I got $200 from Verizon on each 4...</>

Sorry, that should have been "4S".

Ira

NL

Boards Post

irasmilo replied to the Apple board. 12:17 AM

Re: Does the end of subsidies help or hurt AAPL?

but seriously $200-$300? Where are you finding that?

I got $200 from Verizon on each 4 that I traded in for a 5S two years ago. IIRC, the program was sponsored by Verizon but administered by a 3rd party. That is, I paid the [more]

Mon Aug 17

NL

Boards Post

irasmilo replied to the Apple board. 1:43 PM

Re: Peak Apple

They would maybe be able to offer a few products successfully but then why not just outsource that to a bank like every other retailer?

Apple already has a credit card outsourced through Juniper and Barclaycard.

Ira

Sun Aug 9

NL

Boards Post

irasmilo replied to the Tax Strategies board. 12:26 PM

Re: Taxes & House Cleaners

It depends on how much you are paying. The way your question is phrased, it sounds like you plan on hiring someone directly and not through a company. If you are hiring through a corporation such as Merry Maids, then all payroll issues are the [more]

Thu Aug 6

NL

Boards Post

irasmilo replied to the Tax Strategies board. 2:09 AM

Re: Online calc. to figure cost basis

As has been previously explained, you can use average cost basis for mutual funds, but generally not for individual stocks. The "recent" changes to cost basis reporting which took effect a few years ago created an exception where you can [more]

Mon Jul 27

NL

Boards Post

irasmilo replied to the Tax Strategies board. 9:17 AM

Re: tips

Thanks, Ira. I was hoping for something a little more teen friendly than IRS pubs, maybe a video game app, but I guess it's never too early to dive into government documents.

A quick web search turned up the following: [more]

Sun Jul 26

NL

Boards Post

irasmilo replied to the Tax Strategies board. 11:38 PM

Re: tips

Tip income is covered in IRS Pub. 531, Reporting Tip Income, www.irs.gov/pub/irs-pdf/p531.pdf.

General income taxes are covered in great detail in IRS Pub. 17, Your Federal Income Tax, [more]

Mon Jul 6

NL

Boards Post

irasmilo replied to the Tax Strategies board. 8:57 PM

Re: Capital gains on a rental property

I don't know if this law still applies, but if for some reason you take back a private mortgage, then you are only taxed on the money as it is paid off.

It's an election and it doesn't apply only to rental property. If you take back a [more]

Wed Jul 1

NL

Boards Post

irasmilo replied to the Tax Strategies board. 12:50 PM

Re: Tax Consequences of Distribution

Perhaps. Technically, what you received was a return of capital. If you still own Bank of America stock then you reduce your cost basis in the shares by the amount you received. If your cost basis goes below zero (unlikely) any excess received is [more]

Mon Jun 29

NL

Boards Post

irasmilo replied to the Apple board. 2:27 PM

Re: Apple Cash: too much of a good thing?

But it is not correct that the share price will go up; in the short term, it should stay about the same. If you have a $500B company with 1B shares (at $500 per share), and the company has $100B cash, then they can buy back 200M shares for $100B, [more]

Tue Jun 16

NL

Boards Post

irasmilo replied to the Tax Strategies board. 1:03 AM

Re: Gift Tax Question

If the gift you're thinking about is the engagement ring, it might not be considered a gift for tax purposes. My reasoning is that it isn't an unencumbered gift, but rather an implied contract - it's given in the expectation that the recipient will [more]

Mon Jun 15

NL

Boards Post

irasmilo replied to the Tax Strategies board. 12:31 PM

Re: tax loss carry forwards

Heck, no use in harvesting gains then, if I am not going to be taxed on them anyway on taxable income in 15% tax bracket. The only way those tax loss carryovers are any good is if I get those long term gains into my 25% tax bracket [more]

NL

Boards Post

irasmilo replied to the Apple board. 12:26 PM

Re: Is Michael Dell writing for the WSJ ...

Apple raked in US$6.9 billion on 5.5 million Macs, just 9 per cent of overall revenue. This would be a crazy thing to say for any other company, but Apple doesn’t need this revenue.

Following this logic, one might question the whole [more]

NL

Boards Post

irasmilo replied to the Apple board. 12:09 PM

Re: Is Michael Dell writing for the WSJ ...

If you want to read the article... http://www.theaustralian.com.au/business/wall-street-journal...

Ira

Mon Jun 8

NL

Boards Post

irasmilo replied to the Apple board. 4:17 PM

Re: Apple Pay expands to UK?

Apple Pay expands and expands and expands. The sound of KCHING, KCHING and KCHING is more audible then the music. Check out PAY that enables Apple Pay!

I know I'm going to regret responding to this post from someone who never adds [more]

Tue Jun 2

NL

Boards Post

irasmilo replied to the Tax Strategies board. 11:13 PM

Re: Capital Gains and sale of Home

So once 2 years have passed and any potential conflict with a subsequent house transaction has passed, what need would there be for keeping paperwork? In a way, this question is similar to the original poster's question, in that it was stated in [more]

NL

Boards Post

irasmilo replied to the Tax Strategies board. 11:37 AM

Re: Capital Gains and sale of Home

Under current law the $500K exclusion is not "once in a lifetime", but once every two years as long as you own and live in your primary residence for more than two out of the previous five years. The ownership and occupancy periods [more]

Sun May 31

NL

Boards Post

irasmilo replied to the Tax Strategies board. 1:40 PM

Re: Mileage

I am picking up a load of books to drive down to a rural library 6 hours away. The books are free to me, and obviously I can't take a donation for that, but the load is quite large and will be the main purpose for the roughly 700 mile trip. Can I [more]

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75189
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to irasmilo’s CAPS page

Boards Stats & Trivia

Big gold star, 5000 posts Old School Fool
Board Posts 6825
Recs Received 8070
People who have rec'd these posts 906
Recs to Posts Ratio (last 30 days) N/A
Threads Started 111
Threads Started Percentage 1.63 %
Most Frequent Board Tax Strategies
Very First Post Re: standard (1/5/1998)
Percentage of Posts Rec'd 51.30 %
Show irasmilo’s 10 Latest Posts