general
What percentage tax do I pay when I sell my house?
The capital gains tax is a levy you pay when you sell an asset that has increased in value since you bought it. Your capital gains tax rate can be 0%, 15%...
Latest Headlines
general
Will disability benefits pay my mortgage?
Can disability benefits count towards a mortgage? Mortgage lenders will make a calculation on the maximum amount you can borrow based on your annual incom...
general
Does the IRS know everything?
The Short Answer: Yes. The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in...
general
HOW DO points work with a timeshare?
Timeshare points are similar to currency. Based on the frequency of your ownership (annual, biennial, biannual etc.), you get a number of points to use fo...
general
Which states can wages not be garnished?
If a state law is less restrictive, the federal law prevails. While all states allow wage garnishment for child support and unpaid state taxes, four state...
news
How do you prove residency change?
How to Establish Domicile in a New State Keep a log that shows how many days you spend in the old and new locations. Change your mailing address. Get a dr...
news
Can I get a sales report from eBay?
Sales Reports Are Easily Accessible Just sign in to My eBay and click on the “Sales Reports” link under My Subscriptions. When your new sales report is re...
updates
Should I file FBAR for the first time?
If you reported all the foreign income—or wouldn’t owe more tax even if you had—your big failure was the FBARs. You probably should start filing now, even...
updates
Does injured spouse apply to state taxes?
California does not have an injured spouse law. A tax refund issued to both spouses who file a joint return is community property. Because the refund is c...
news
Are New York City taxes deductions on federal return?
Beginning with tax year 2018, the Tax Law allows you to itemize your deductions for New York State income tax purposes whether or not you itemized your de...
news
Are lump sum relocation payments taxable?
The short answer is “yes”. Relocation expenses for employees paid by an employer (aside from BVO/GBO homesale programs) are all considered taxable income ...
general
Does retirement come out of severance pay?
While the specifics vary, the heart of an early retirement package is invariably a severance payment comprising weeks, months, or even years of wages. Tha...
news
Do divorced fathers automatically lose parental responsibility?
To answer the question, yes, a father can lose parental responsibility for his child. However, this type of court application is very rare and generally, ...
