news
Can you put your spouse in a nursing home?
When your spouse goes to a nursing home, you can retain some income and assets and still qualify for Medicaid. Instead, Medicaid has a set of rules called...
Category: News
news
How are long term capital gains taxed in a trust?
A trust is permitted to deduct up to $3,000 of net capital losses in a tax year. Consider whether capital gains can be distributed to beneficiaries (who m...
news
Does money from a relative count as income?
Any income you receive from voluntary sources – such as from friends and family or from charities – is disregarded completely when calculating benefits. T...
news
Does Norway have a tax treaty with the US?
United States tax treaties concluded with certain other countries which also have lower rates on distributed profits provide a withholding tax of 15 perce...
news
Is it better to live on base or off base in Hawaii?
If you don’t require a lot of extra space, off base is a good option for you. Another plus to off-base housing is if your significant other is being deplo...
news
Can someone else steal my tax return?
Tax-related identity theft occurs when someone uses your stolen personal information, including your Social Security number, to file a tax return claiming...
news
Is GLD ETF insured?
The GLD prospectus states that “Gold held in the Trust’s allocated account is the property of the Trust and is not traded, leased or loaned under any circ...
news
Can both spouses claim medical expenses?
You should usually claim the total medical expenses for both you and your spouse or common-law partner on one tax return. You can claim the medical expens...
news
Is a college student living at home a dependent?
Most first-year college students will have already qualified as a dependent, assuming they were living at home for the first eight months of the year whil...
news
What is the statute of limitations in Hawaii?
Most states have different limits for different kinds of crimes, and Hawaii is no exception. Class A felonies, which make up the majority of felonies in H...
news
Does Missouri tax Roth IRA distributions?
Retirement years: Qualified distributions from your Roth IRA in retirement are tax-exempt. In addition, Roth IRAs are not subject to annual required minim...
news
How much can you save with an S Corp?
If you re-form your business as an S corporation, set your annual salary to $100,000 and pay out the remaining $700,000 as a distribution, the S corporati...
news
Does VA charge an origination fee?
Origination charge: The VA allows lenders to charge up to 1 percent of the loan amount to cover origination, processing and underwriting costs. They can c...
