updates
How do brokerage accounts work with taxes?
Any income you earn in a taxable brokerage account is taxed when the income is realized. If you sell a stock at a gain, that gain is taxable. If you earn ...
Category: Updates
updates
Can military buy cars tax free?
Military personnel, stationed in California are exempt from payment of the vehicle license fee (VLF) on any vehicle owned or leased and registered in Cali...
updates
Does a life insurance policy override a will?
A will or trust doesn’t supersede a life insurance policy. Life insurance beneficiaries are final. Most life insurance policies make it easy to change or ...
updates
Can a non relative take custody of a child?
Gaining custody as a non-biological parent can be difficult, but it is still possible in a few situations. Generally, you need the biological parents to c...
updates
Where was the first solar electric residence built?
First Solar Residence: In 1973, the University of Delaware built the first solar building, “Solar One.” The system, designed as a solar P.V./Thermal hybri...
updates
Can I bonus depreciate leasehold improvements?
Qualified leasehold improvements (“QLI”) are depreciated using the straight-line method over 15 years. In addition, qualified leasehold improvements place...
updates
Is 26 too late for law school?
It’s never too late in life to apply to law school. Although most applicants are under 25, roughly 20% are 30 or older, according to the Law School Admiss...
updates
Is your 401k vested if you get laid off?
Generally, if an employee quits or is laid off, any unvested money is forfeited. The money stays with the employer, who can reuse it to fund contributions...
updates
Can principal payments be deducted from taxes?
Costs you can’t deduct Mortgage principal (the part of your mortgage payment that pays down the actual amount you borrowed) Are business loan payments ded...
updates
Are residential loans non-recourse?
What Is a Non-Recourse Loan? Home mortgages—though generally recourse—are non-recourse in 12 states: Alaska, Arizona, California, Connecticut, Idaho, Minn...
updates
Do you pay capital gains on every stock sale?
If you’re holding shares of stock in a regular brokerage account, you may need to pay capital gains taxes when you sell the shares for a profit. Short-ter...
updates
What expenses qualify for the adoption tax credit?
Qualified adoption expenses Reasonable and necessary adoption fees, Court costs and attorney fees, Traveling expenses (including amounts spent for meals a...
updates
Can a woman divorce her husband?
Acceptable grounds for divorce vary widely among the legal schools. In the Hanafi school, for example, a woman has almost no grounds for obtaining a divor...
