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IRA question for Taxes

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Happydays
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Posted on Tuesday, February 14, 2017 - 10:22 am:       

manchi stock options cheppandi..
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Happydays
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Posted on Tuesday, February 14, 2017 - 10:10 am:       


Andhrawala:

mee combined salary 250K vuntaadhaaa?? inka ekkuvaa


BTW, OmNamoVenkatesaaya choosevaaa??


If not kathi laanti DVD print enjoy maadi https://www.youtube.com/watch?v=WUdRWA4eggs






meeru marchiporaa?
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Andhrawala
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Posted on Tuesday, February 14, 2017 - 10:06 am:       


Happydays:



avunu..adhi kooda kadataanu.


mee combined salary 250K vuntaadhaaa?? inka ekkuvaa


BTW, OmNamoVenkatesaaya choosevaaa??


If not kathi laanti DVD print enjoy maadi https://www.youtube.com/watch?v=WUdRWA4eggs
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Happydays
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Posted on Tuesday, February 14, 2017 - 10:03 am:       


Andhrawala:

sivvarlo kattadam antee when paying big amount like $20K he will charge u penalty for under payment




avunu..adhi kooda kadataanu.
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Andhrawala
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Posted on Tuesday, February 14, 2017 - 09:59 am:       


Happydays:



yeah..ekkuva asalu kaateledu..chepa kadha balance avutundi..either you pay uprfront or pay at the end.
traditional IRA lo pedataanu malli to reduce taxes


sivvarlo kattadam antee when paying big amount like $20K he will charge u penalty for under payment
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Happydays
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Posted on Tuesday, February 14, 2017 - 09:55 am:       


Andhrawala:

20K sivvarlo kaduthunnavantee mudnara entha kattevuuu




yeah..ekkuva asalu kaateledu..chepa kadha balance avutundi..either you pay uprfront or pay at the end.
traditional IRA lo pedataanu malli to reduce taxes
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Ipc302
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Posted on Tuesday, February 14, 2017 - 09:49 am:       

India lo NRO/NRE account unte tax returns lo entha undho cheppala....also 10000$ kante ekkuva indian bank lo unte ye tax form file cheyyali....IRS tax esi iragadeesthada mana laanti feople ni
 

Andhrawala
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Posted on Tuesday, February 14, 2017 - 09:48 am:       


Happydays:

Also..if i put traditional IRA in stocks and i get little bit of profit..adhi report cheyaala..i believe it's not needed..correct?




cheyakkarledhuuu


also u cant withdarw the money till u are 60 years


Happydays:

20,000 USD..:-(

any way..mundu ekkuva deductions levu naaku..so.amount oke saari kadutunaanu..




20K sivvarlo kaduthunnavantee mudnara entha kattevuuu
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Happydays
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Posted on Tuesday, February 14, 2017 - 09:44 am:       

Also..if i put traditional IRA in stocks and i get little bit of profit..adhi report cheyaala..i believe it's not needed..correct?
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Happydays
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Posted on Monday, February 13, 2017 - 11:16 pm:       

any way..mundu ekkuva deductions levu naaku..so.amount oke saari kadutunaanu..
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Happydays
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Posted on Monday, February 13, 2017 - 11:15 pm:       


Andhrawala:

Happy annai

Nuvvu kattalsina. 20000 in tax is INR ani seppu 20k usd nuvvu ippudu kaduthunnavantee nee yearly income around 500k anukuntannaaru




20,000 USD..:-(
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Andhrawala
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Posted on Monday, February 13, 2017 - 11:05 pm:       

Happy annai

Nuvvu kattalsina. 20000 in tax is INR ani seppu 20k usd nuvvu ippudu kaduthunnavantee nee yearly income around 500k anukuntannaaru
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Happydays
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Posted on Monday, February 13, 2017 - 10:48 pm:       


Andhravodu:

correct ga deduct aite, the amount you get in income will match tax filing. extra tax kattali ante, you either have more deductions (or) some additional source of money




yeah..i know..either you pay upfront or pay at the end..it balances out..
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Twotown
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Posted on Monday, February 13, 2017 - 10:47 pm:       

:-(
 

Andhravodu
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Posted on Monday, February 13, 2017 - 10:47 pm:       


Happydays:


neeku tax knowledge konchem takkuva ani ardham ayindi bro

correct ga deduct aite, the amount you get in income will match tax filing. extra tax kattali ante, you either have more deductions (or) some additional source of money
 

Happydays
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Posted on Monday, February 13, 2017 - 10:42 pm:       


Andhravodu:

deductions ekkuva pettava endi joint incomes lo?

India nunchi dabbulu techavu ante, I understand




20,000 nenu IRS ki kattali...
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Andhravodu
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Posted on Monday, February 13, 2017 - 10:37 pm:       


Happydays:

almost 20,000 kattali e sari..


deductions ekkuva pettava endi joint incomes lo?

India nunchi dabbulu techavu ante, I understand
 

Happydays
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Posted on Monday, February 13, 2017 - 10:28 pm:       


Andhravodu:

nee yanks, lucky ga file cheyaledu. nee return accept avutundi, but oka 6 months tarvata notice vastundi to pay money back with interest and penalty. Inka evadanna tikkalodu tagilite, fraud case kooda eyochu




i go to HR block every year for 2nd look..illu konaali tondaraga..almost 20,000 kattali e sari..
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Andhravodu
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Posted on Monday, February 13, 2017 - 10:26 pm:       


Happydays:

i thought i can keep using the amount


nee yanks, lucky ga file cheyaledu. nee return accept avutundi, but oka 6 months tarvata notice vastundi to pay money back with interest and penalty. Inka evadanna tikkalodu tagilite, fraud case kooda eyochu
 

Happydays
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Posted on Monday, February 13, 2017 - 10:12 pm:       


Andhravodu:

You already filed in 2015 taxes. You got a statement later

If this is correct, 2016 ki you should not show it again. If you want deductions for 2016, make new contribution for 2016 before you file the taxes this year




malli naa..i thought i can keep using the amount..:-(
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin
 

Jalsa
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Posted on Monday, February 13, 2017 - 10:08 pm:       


Happydays:

Can i report them again this year and get the deduction?



 

Andhravodu
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Posted on Monday, February 13, 2017 - 10:03 pm:       

You already filed in 2015 taxes. You got a statement later

If this is correct, 2016 ki you should not show it again. If you want deductions for 2016, make new contribution for 2016 before you file the taxes this year
 

Happydays
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Posted on Monday, February 13, 2017 - 09:55 pm:       

I contributed Traditional IRA for me and wife and mentioned it as part of deductions for Tax Year 2015.

I have 5498(IRA Contribution Information) for the year 2016.
Can i report them again this year and get the deduction?
OR
Do i have to contribute again this year in Traditional IRA(before the deadline) to get the deductions for 2016?
Chiru,Veturi,SPB,Ilayaraja,Jandhyala,Vamsi,K Viswanath,Sachin

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