If my parents sell their house and want to transfer the proceeds to me, how can they do so such that it’s not taxed as my “income”?

Not a tax attorney, so any guidance is appreciated!

How much do you normally on average net when you sell a home? Looking to upgrade due to second kid on the way and I’m curious how much goes to fees, brokers, agents, etc. My current home is worth 325k per Zillow and my mortgage balance is 165k, so about 160k of equity. So if I sold it for what it’s worth at 325k, how much could I expect to net for my next home’s down payment? I see different answers online so anyone with experience would be great. Thanks.

Can someone throw some light on how wallet balance works in Zoho Zoho Corp . Couldn't reach any HR for the info?

How much do professional, high-earning (300k+) people put down as down payment for their first home / condo in Manhattan? 20% seems pretty high given the median prices, but looks like thats standard

What are people doing in terms of stashing money away for your first house? I want to buy within the next 3 years and I'm looking for any type of budget tips, credit card recommendations, safe and solid bank loans, or whatever you did that worked. Thanks!

Are the glory days of bitcoin over?

Anyone doing any investing in Charleston, SC

Best resources to learn about stock options included with an offer? Don’t want these roses to start smelling bad in a few years..

My lease is expiring and a friend wants to buy the car . Anyone do this before ? I guess I would have to buy it and then sell it to them ?

Personal finance book recommendations?

Should I max out my HSA contribution?
I am maxing my 401k though.

Also, if I max my HSA, can I invest say 50% and keep the other 50% for expenses?

How much do you have in savings (cash, 401k, etc.)? And how old are you?

Out of curiosity, do you think most ppl max out 401k (19.5k) and Roth IRA (6k) annually?

Investing newbie here: pros cons of getting a rental property vs investing in stocks?

I'd like to buy, but the market is absolutely atrocious currently

Can someone explain the LTA policy? What happens if I don't claim any travel bills? Can I claim it as a taxable component monthly?

Hello guys,

How much % of salary do you save?

While mentioning %, please let us know if you are married/unmarried, pay rent or not.

Just want to know if 70% is enough for a single man who does not pay rent. Or am I saving less money?

Looking for a panty dropper used car for around 40k. What would you suggest? Considering a wide range of options from x5 to F type

Any advice in terms of investment to save the maximum tax?

Confirming that the cheapest and fastest way to buy Electra is to transfer LTC to Coinhouse and then convert LTC to BTC

Hi all! Has anyone had any luck finding a new job during this pandemic? I'm afraid I am about to be officially let go (was furloughed) and would like to start sending out my resume. Does anyone know of agencies that are currently hiring EAs/admins?

Good morning everyone! I certainly hope you all are doing well on this beautiful Saturday morning. I’m creating this post because I am desperately looking for a job. Currently, I am pursuing my PhD in education and will be finished by December. I have experience in the legal field, higher education field, mental illness, and a few other fields. If you know of any companies that are hiring people with graduate degrees, please forward me their information. I am anxious to work! I also don’t min

8 YOE

Current CTC 16, offered 26 by Fidelity - fixed and variable split almost same in current company as well as fidelity

Java, spring boot tech stack

Fair ? Good? Bad ?
Thanks

Higher offers at 27-28 with more fixed pay is from contract and hire/fire type companies. Mostly indirect hiring instead of direct employment with the final employer, means higher pay with lower jon security - we get little more pay, companies get the option to let go with ease later!

Considering that the end of this year will probably signal the start of a recession, is this a bad time to jump into a new role in Pharma?

Does anyone work for Eli Lilly? Had a few questions!

How much do professional, high-earning (300k+) people put down as down payment for their first home / condo in Manhattan? 20% seems pretty high given the median prices, but looks like thats standard

Are there any panels of female industry leaders that are worth checking out?

Currently 16 weeks with an inconsistent bump. Sometimes is noticeable and other times it’s not, anyone experienced this? Currently it went back to almost non existent and am worried

I have a lot of mindless closing binder assembly today so I’ve been watching Restrepo and Korengal in the background. It.... really puts things in perspective. I feel like such a baby for complaining about long hours or stressing over emails.

Fam, planning to sign up for AASLT as my AT this summer. Ngl, not in best shape currently. How hard is it? How much prep would you recommend?

Hi Fishes,
Could you please shed some light on Manager(M3) role in L&T insurance domain.
Appreciate your review

What's the probation period in LTI?

Today is joining day. Nothing happened. Onboarding is said to be virtual but no link was received. Any one else having different experience?

The ACAB movement is getting stronger and stronger, I think it's time to get concerned.

How do your firms do payroll? This is like the 5th time in 26 months that paychecks weren’t timely deposited. Allegedly, the boss did everything right and this is something in the payroll company. But his stuff is getting crazy and everyone is out on PTO, I’m kinda like: meet minimum ethical obligations and no more. Once or twice, I understand. But this is becoming regular.

Hi guy please help i got laptop from publicis which is very old. Can i ask them to change it?

Figma: frames or groups?

Have you had to change your start date after accepting an offer and how did it go? I told them I need to give 30 day notice and so I set my start date (incorrectly) assuming the background check and drug screen would take a few days to clear. However, the drug screen is now taking over a week and a half (still not finished, maybe tomorrow). Apparently things are much slower due to staffing issues and labs are backed up. It’s cutting into my 30 day notice significantly. Thoughts?

Anyone have any thoughts on a fair salary for a part time virtual tax prep-focused position? I’ve been made an offer for south of 800 hours/year (fluctuating for seasonal ebb and flow, of course), and I’m curious whether it’s a decent offer or not. I have 13 years of experience in a big box franchise where I’ve handled complex returns from day 1. 30% of my workload has been 1120/1120S/1065 and the rest higher-level 1040s and a few 1041s & 990s. I’ll be bringing 75-100 clients with me.

Has anyone had their Tax LLM paid for by the federal government? Or any thoughts on how to reduce the sticker price of a Tax LLM from NYU or Georgetown?

Debevoise Hong Kong is hiring a tax associate (2nd to 5th years, but there may be flexibility in class year), ideally with experience in funds tax. Comp is the latest DPW/Cravath scale plus a COLA each year and moving costs. I'm currently there, and I'm happy to chat if anyone is interested.

Are there any search firms that specialize in placing tax associates?

Best DC law firms for tax controversy and litigation?

I’m currently in my fourth year with fed government and thinking of going private, but I have no interest in planning/transactional work

When the IRS (e.g., a RO/AO/Examiner) calls or writes a letter… How do you verify that it’s really the IRS and not a scam? I’m new to tax law and I’m worried that I’m going to respond to/answer a scam and give away client info (or my own tax preparer info). I don’t think my worry is unfounded due to the tremendous amount of tax/IRS scam out there but it would be nice to hear from some of y’all so that I’m not so worried about it…

Transitioning from com. lit into tax controversy?

I have a tax LLM and started my career out of law school doing M&A tax at a big4. After 9 months, I got out of big4 transactional hell and into whatever litigation I could find. I now practice commercial lit but would welcome the opportunity to eventually transition into tax controversy (which I wasn’t able to do before). Does my commercial litigation “break” hurt my prospect? How long can I stay in com lit without hurting my chances even more?

Well, I believe that being an adult with ADHD and being a Tax Lawyer is not the best combination - currently, I feel exhausted

Anyone on here looking for a new comp/benefits job? Message me :)

Has anyone dealt with stuffing allocation in a non-hedge fund context? It seems even in the HF world the law is fuzzy in using aggregate reverse 704c principles in stuffing allocations. Like, sure, the market is there but no authority really blessed it (other than some Cravath partner’s article in Tax Notes in 2013). If we are talking asset class that isn’t really like marketable securities but might be able to treat it similarly solely by virtue of, say, valuation on a quarterly basis (contd)

Can anyone advise - if I did not file taxes for 2019 and 2020 is there a way I can file without receiving a penalty? I just didn’t file them no great reason. Nothing complicated and I probably owe a few hundred each year in fed taxes. Nothing crazy.

I'm considering switching my practice from tax to exec comp so that I can work remotely indefinitely. If I dislike it, do you think it would be difficult to switch back? I'm a 4th year that works in biglaw.

How difficult is it to lateral to other areas of tax without prior experience in the area? (Ex: Income tax planning to estate planning, corporate tax to exec comp, or estate planning to controversy work, etc.) Assuming you have an LLM or a couple years of experience in your first tax area.

Recommendations for a west coast recruiter specializing in tax positions? For someone in biglaw who wants to go in house.

Hi everyone - I am looking for a new role and would appreciate your support. Thank you in advance for any connections, advice, or opportunities you can offer.

Hi Tax Friends. Seeking some advice. I will give more context in the comments, but big picture I am a non-tax litigator interested in switching to tax. The question is: (1) pursue LLM; (2) take tax job now; (3) just treat tax as a hobby?

In your opinion, which biglaw firms have the best tax groups?

Hi all- how’s the job market for tax lawyers nowadays? I’m working in accounting firm (international tax) and looking to jump into a law firm. I have 2YOE and JD.

For anyone who practices tax lit in the US Tax Court, what’s your experience with the independent office of appeals? They don’t seem quite that “independent” to me and so far, I’ve only had one appeals officer who seemed knowledgeable and nice. It’s been a real headache. Interested to hear other people’s experience.

Looking to make the move from big4 to law firm. I am a JD/LLM and a new manager. Any suggestions on networking with COVID, recruiters, etc.? Also interested in hearing experiences of others that have made the move.