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How do I get my 3000 money back on stock losses?
If you don’t have capital gains to offset the capital loss, you can use a capital loss as an offset to ordinary income, up to $3,000 per year. To deduct y...
Category: General
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What is a post Judgement deposition?
A Post Judgment Deposition is where you are forced to testify under oath about your assets. Typically there is a court reporter taking down all of the inf...
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What adds to basis of investment property?
Increases to Basis Improvements include any work done that adds to the value of property, increases its useful life, or adapts it to new uses. These inclu...
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Can I sue a car dealership for selling me a bad used car in Florida?
You can sue a used car dealership for selling you a bad car if they did not properly disclose any known issues with the vehicle. So a car dealer who doesn...
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What is the legal temperature for tenants in NYC?
NEW YORK, NY – The Department of Housing Preservation and Development today announces the start of New York City’s “heat season,” during which all residen...
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Is February a good time to go to the Dominican Republic?
February. Wherever you decide to stay, you’ll enjoy warm temperatures and lots of sunshine in February. It’s still the peak season in the Dominican Republ...
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Does NY allow NOL carryback?
a federal NOL deduction for losses incurred in tax year 2018 or later is limited to 80% of the current year federal taxable income (computed as if the cha...
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What is the income limit for free Obamacare?
According to Covered California income guidelines and salary restrictions, if an individual makes less than $47,520 per year or if a family of four earns ...
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Can contractors work abroad?
Yes, contractors can certainly qualify for the Foreign Earned Income Exclusion (FEIE). However, in general, the nature of contractor employment terms does...
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Can a new car be a business expense?
Can you write off your car payment as a business expense? Typically, no. If you finance a car or buy one, you cannot deduct your monthly expenses on your ...
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What do I need to sell my house after one year?
What happens if I sell my house after 1 year? In most cases, the only difference between selling a house after only one year and selling a house after a l...
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Is an IRA community property in Louisiana?
A married person’s interest in an Individual Retirement Account (IRA) is subject to the general Louisiana community property and successions laws except t...
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Can I claim business expenses without a business license?
Yes, you can file a tax return without obtaining a business license. As a self-employed individual, generally you are required to file an annual return an...
