| Money Talk|| re: PMI payments question - Taxing Tiger on 4/1/14 at 8:33 pm|
Not forever. They will continue until your LTV (loan to value) ratio reaches 78%. However, your required to at least make 60 monthly payments. Depending on your down payment and any extra principal payments you make, they could be gone in 5 years. If you only put 3% down and only make your standard ...
| Money Talk|| re: Help with taxes: Tax withholdings - Taxing Tiger on 3/23/14 at 8:43 pm|
It's a pretty safe bet that MFJ is more beneficial. I'd think that whatever online software you used would have alerted you if it was more beneficial to go the MFS path. The software we use at our firm (Lacerte) provides you with this analysis. See if you can log back into your account...there may b...
| Money Talk|| re: capital gains tax....help - Taxing Tiger on 3/23/14 at 8:36 pm|
Correct. There are certain conditions that must be met to avoid the CG. I assumed the original poster had met these requirements. To vague of a question to answer with specific tax advice. ...
| Money Talk|| re: capital gains tax....help - Taxing Tiger on 3/23/14 at 4:14 pm|
There should be no capital gain on the sale of your main home. If it's an investment property you could have setup a 1031 exchange if you were looking to buy a similar property. ...
| Money Talk|| re: Help with taxes: Tax withholdings - Taxing Tiger on 3/23/14 at 4:10 pm|
Who does your taxes? They should be able to give you a MFJ versus MFS report from their software. The report will tell you which one is more beneficial. I'm guessing it'll be MFJ....
| Money Talk|| re: I'm stumped by this tax question - Taxing Tiger on 3/19/14 at 9:34 pm|
This is all based on the assumption that they have not used up their lifetime exclusion amount. The $250K is a lifetime time amount (cumulative for all sales). At least that's how I remember it. I'm not sure that anyone keeps up with this personally. Furthermore, you'd have to be pretty damn lucky t...
| Money Talk|| re: Basic tax question - Taxing Tiger on 3/7/14 at 8:45 pm|
Check out IRS Pub. 521 linked above. All depends on the circumstances (accountable or nonaccountable plan; date you received the reimbursement; etc). The publication is pretty easy to read and doesn't require a ton of tax knowledge....
| Money Talk|| re: How much would I have to make? - Taxing Tiger on 2/24/14 at 9:12 pm|
CE Tiger is right. Looking at about $200K. That's factoring in around 8-10% savings for retirement. Could be a little more or less depending on your tax situation (itemized deductions/marital status/dependents/etc)....
| Tiger Rant|| re: LSU football- best a** whoopin we gave to an opponent this past decade. - Taxing Tiger on 2/24/14 at 8:50 pm|
Virginia Tech was one of the most complete games from start to finish that I've ever seen. Remember sitting in traffic after the game thinking "What the hell just happened?" Fantastic game. And we owed them that a$$ whipping....
| Money Talk|| re: Tax question about renovation of a building. - Taxing Tiger on 2/23/14 at 10:00 pm|
Get a cost segregation study done after the construction is complete. The cost seg will break down the depreciable assets into different classes. Result is more cost being allocated to asset classes with shorter lives. It's worth your while if you are spending enough on the additions. ...
| Money Talk|| re: Estimated Closing Costs + Up Front PMI Costs - Taxing Tiger on 2/21/14 at 9:45 pm|
We got a quote about 6 months ago on a $300K loan. 5% down payment, closing cost, and upfront PMI was around $26K. I would not do the upfront PMI unless you plan on being there awhile. Our mortgage originator that we work with said some lenders don't even offer this. So you have to shop around....
| Money Talk|| re: When is Flood Insurance Necessary? - Taxing Tiger on 1/18/14 at 7:09 pm|
No prob. I'd actually like to hear other people's experiences. Always curious about whether or not I overlooked anything. We close on the land next week. Ascension parish requires you to build at least 1ft above the BFE in zone A. Going up another 1/2 ft saved us 66%. The savings to go up another 1/...
| Money Talk|| re: When is Flood Insurance Necessary? - Taxing Tiger on 1/17/14 at 7:21 pm|
Just bought some land in flood zone A. We intend to build on it too. I did the research and got insurance quotes before we bought the land. BFE on the property is 11ft. Flood insurance at 1ft above the BFE was $1,550 annually. We are building it up to 1.5 ft above the BFE. The rate will only be $550...
| O-T Lounge|| re: First time Vegas trip! - Taxing Tiger on 1/15/14 at 8:45 pm|
Emril Lagasses Stadium for sporting events (The Palazzo). Gordon Ramsey Steak (Paris). The Wynn for gambling.,,and the views. ;)...
| LSU Recruiting Board|| re: Jacory Washington - Taxing Tiger on 1/8/14 at 8:23 am|
That's the kind of character guys you want around the program. Looking forward to watching this young man play!...
| Money Talk|| re: Long Term Disability insurance - Taxing Tiger on 1/7/14 at 9:04 pm|
Depends on the variables involved (age/income/job type/etc). I paid $245 (annual premium) in 2013 for $4,200 per month in coverage. Paid $230 in 2012 for $4,000 per month in coverage. However, I'm realtively young, have a desk job, and the policy is through a professional organization (AICPA). Annua...
| LSU Recruiting Board|| re: Ruffin Rodrigue on instate recruiting - Taxing Tiger on 1/4/14 at 9:48 am|
Are you following the conversation? Peyton was successful in the NFL. So I'm pretty sure he's not looking for a sales job in LA......
| SEC Rant|| re: Bama fans booing good ref calls. - Taxing Tiger on 1/2/14 at 11:15 pm|
Funny what gets called when they don't have SEC refs involved......
| More Sports Board|| re: UFC 168 - Anderson Silva vs. Chris Weidman for the MW Championship - (12/28) - Taxing Tiger on 12/28/13 at 9:28 pm|
That he did. Pumped to see him get the W. no doubt he gets another contract after that. He was getting lots of love from Dana....
| More Sports Board|| re: UFC 168 - Anderson Silva vs. Chris Weidman for the MW Championship - (12/28) - Taxing Tiger on 12/28/13 at 6:49 pm|
Smart ass. GFYS...
| Tiger Rant|| re: Pete Maravich double bird to Bama fans - Taxing Tiger on 11/20/13 at 7:03 pm|
This is classic! Makes me even prouder to call him a tiger....
| Tiger Rant|| re: Will LSU fans root for Bama in the BCS NC Game - Taxing Tiger on 11/12/13 at 7:18 am|
Go Auburn. Go Noles. F$&k Bama. I'm done with SEC pride if it has anything to do with those a$$ clowns....
| Political Talk|| re: Subsidized housing raises rents and lowers wages - Taxing Tiger on 10/27/13 at 7:45 pm|
Posted by Bestbank Tiger on 10/27 at 2:59 pm to jcole4lsu
Pretty much Germans.
Before Katrina I had a studio aparment on Napoleon for $450 a month. It was hard to find anything that cheap inside the crescent.
There were Section 8 apartments around the city that were a lot more expensive. I...
| O-T Lounge|| re: Fellow OT CPAs post your last minute client rants here - Taxing Tiger on 10/15/13 at 6:25 pm|
Another new client that had shite tons of consolidation issues with new businesses and multiple QB files, finally gets us her stuff last week. We finish it. Today is the filing deadline. She's at the movies and can't be here til 5:30.
.....no way. That would be the last straw for me! Good thing i...
| Money Talk|| re: Help me with selling stock tax question - Taxing Tiger on 10/13/13 at 10:51 pm|
Long Term Capital = 15% for your tax bracket...
| Money Talk|| re: Tax Deduction - New Laptop - Taxing Tiger on 10/10/13 at 10:39 pm|
Unreimbursed employee business expenses are deductible. However, only those amounts in excess of 2% of your Adjusted Gross Income are includable as an itemized deduction. ...
| SEC Rant|| re: Official SECR Pigs & Tigs Prediction Thread - Taxing Tiger on 5/25/13 at 11:32 pm|
Posted by im4LSU
^ where's this guy
Right. He was quick to state that its not how you start but how you finish. Wondering where he is now...cause they started the SEC tournament well but didn't finish strong.......
| SEC Rant|| re: Official SECR Pigs & Tigs Prediction Thread - Taxing Tiger on 5/25/13 at 7:04 pm|
Earth to Taxing Tiger, we just beat you two days ago, dip shite.
And we are playing in the championship. And that's not the point. Arky was pounding their chest at the beginning of the season. Y'all had a little rough patch and all the shite talking cooled down. Y'all beat us two days ago and then...
| SEC Rant|| re: Official SECR Pigs & Tigs Prediction Thread - Taxing Tiger on 5/25/13 at 4:16 pm|
Best team in baseball wins. Like we wise Hog fans always told you Tigers. It doesn't matter what happens at the first of the year. Its how you play at the end that matters.
What's that you say beebefootballfan? Arrogant a-hole. I think I hate Arkansas worse than Bama. At least Bama wins....
| SEC Rant|| re: Who would you take- Manziel or Clowney? Clowney Leads through Page 8!!! - Taxing Tiger on 5/22/13 at 6:51 pm|
Is this a trick question? Clowney by a mile. Manziel is a one hit wonder. All down hill from last season....