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Are small business owners taxed twice?
Double taxation usually refers to the income taxes imposed on corporate earnings and dividends. Corporations are considered legal entities separate from t...
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Is cosmetic dentistry covered?
Most cosmetic dental treatment fall under the “major dental” category for private health funds. This covers complex procedures like crowns, veneers, and r...
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Can you prepay a reverse mortgage?
Yes, you can make payments on a reverse mortgage to reduce your loan balance during your lifetime, and there’s no prepayment penalty for doing so. Your le...
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What are the chances of winning 100 000 on scratch card?
Which Scratch Off Tickets have the Best Odds? Ticket Type Top Prize Odds of Winning a Prize $1 $25,000 1 in 1,400,000 $2 $25,000 1 in 825,000 $4 $50,000 1...
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Are loan origination fees deductible on rental property?
Only loan interest and real estate taxes are deductible closing costs for a rental property. Other settlement fees and closing costs for buying the proper...
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Can I fund an IRA with Social Security income?
You can contribute earned income only to an IRA; Social Security payments, pension payouts dividends and other types of income don’t count. And these annu...
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Can an American get married in Guatemala?
Yes, you can get married in Guatemala. For this, you must write and sign a sworn statement of your eligibility to marry and have it notarized at the Ameri...
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Can you make money investing in land?
While it may not be the most glamorous real estate investment, buying raw land can be a good investment — if you understand how to invest in land properly...
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What is the suffix for a business if it is run by a sole proprietor?
It carries the suffix Coop. A sole trader business structure is formed when one person begins to do business. That person receives all of the profits of t...
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Where do I declare foreign interest income?
Generally, you report your foreign income where you normally report your U.S. income on your tax return. Earned income (wages) is reported on line 7 of Fo...
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How are revocable trust distributions taxed?
No, revocable trusts do not save income taxes, nor do they save estate taxes. In most cases, however, the property in a revocable trust is treated as if i...
general
Does Taiwan have tax treaty with USA?
The United States has not entered into an income tax treaty with Taiwan. While this does not preclude a person who is considered a US person and earning i...
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What to say when you sent an email?
“Best regards”, “Sincerely”, and “Thank you” are all professional. Avoid closings such as “Best wishes” or “Cheers” unless you are good friends with the r...
