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Can someone born in Mexico become a US citizen?
U.S. law does not mention dual nationality or require a person to choose one nationality or another. A U.S. citizen may naturalize in a foreign state with...
Category: General
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Does a partnership need a managing partner?
A partnership may have a managing partner who is responsible for managing the business. The managing partner will make all the day-to-day decisions of the...
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How does inheritance work in Korea?
The basic rule of the Korean inheritance law is that the property of the deceased is distributed according to his or her will. So, a person who is not cat...
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How long does it take for tax money to be deposited?
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If ...
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Can employers clawback signing bonus?
Generally, employers do have a written agreement in place with the employee and the agreement may have a provision that only provides for a claw back if t...
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Are British citizens eligible to work in the USA?
If you wish to work in the United States for a temporary period you will require a nonimmigrant work visa. You cannot work on a visitor or business visa, ...
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What happens to your student loans if your college closes?
You can apply for a closed school discharge, tax-free, by contacting your federal student loan servicer. Your loans will be automatically discharged withi...
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Are you a citizen if your parents are not?
You may be a U.S. citizen if you were born abroad to at least one parent that was a U.S. citizen. If you were born abroad to two U.S. citizens and at leas...
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Are damages received taxable?
All punitive damages are taxable whether received in relation to a physical or non-physical injury or sickness. However, costs incurred to treat emotional...
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Do you have to include 1098-E on taxes?
If you’re currently paying off a student loan, you may get Form 1098-E in the mail from each of your lenders. Your lenders have to report how much interes...
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How much does a couple need to make to buy a 300k house?
To afford a house that costs $300,000 with a down payment of $60,000, you’d need to earn $44,764 per year before tax. The monthly mortgage payment would b...
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What is the amount of special bonus depreciation for 2019?
For tax years 2015 through 2017, first-year bonus depreciation was set at 50%. It was scheduled to go down to 40% in 2018 and 30% in 2019, and then not be...
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Should I put my elderly parents home in my name?
Think about it, if your parents’ house is in your name, it is safe from the nursing home because it is not their asset. However, it is your asset, and, as...
