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Why is my refund less than what TurboTax said?
If your tax refund is lower than TurboTax quoted, it may be caused by a refund offset. This is when the government applies part or all of a taxpayer’s ref...
Category: News
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Which multi national companies are American?
Most of these companies cover more than four countries where they have expanded their services as a result of notable success in the USA. Walt Disney. Phi...
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Is mortgage interest a straight deduction?
Home Mortgage Interest The mortgage interest tax deduction counts as an itemized deduction, which means that it reduces your taxable income, but only if y...
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Do military retirees have to wait 6 months?
The 180 day rule restricts the Department of Defense (DoD) from hiring retired military to civilian positions within the first six months of retirement. T...
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What are research and experimental expenditures?
The term research or experimental expenditures, as used in section 174, means expenditures incurred in connection with the taxpayer’s trade or business wh...
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Can I add my son to my reverse mortgage?
Unfortunately, however, you can’t add a family member to an existing reverse mortgage. What happens to a reverse mortgage when one owner dies? When a pers...
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Do New Zealand citizens need a visa for Dubai?
Simply disembark your flight at Dubai International Airport and proceed to Immigration, where your passport will be stamped with a 30-days visit visa free...
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Is a roofing company an LLC?
If you own a roofing company, you’ve probably at least considered forming a limited liability company (LLC) for your business. The LLC is a popular option...
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What is divorce order and decree?
A court decree that terminates a marriage; also known as marital dissolution. When a marriage breaks up, divorce law provides legal solutions for issues t...
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Can you buy privately held stock?
You can buy shares through a “private placement,” which requires some paperwork from both you and the seller. You can deal directly with a corporation or ...
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How many people died from the 2011 tornado outbreak?
348 people In total, 348 people were killed as a result of the outbreak, including 324 tornado-related deaths across six states and 24 fatalities caused b...
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What is the deductible for married filing separately?
Consequences of filing your tax returns separately The standard deduction for separate filers is far lower than that offered to joint filers. In 2020, mar...
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How do you add qualified dividends on 1040?
Qualified dividends are reported on Line 3a of your Form 1040. Is there a limit on qualified dividends? The maximum tax rate for qualified dividends is 20...
