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Are assets combined when married?
Under California’s community property laws, assets and debts spouses acquire during marriage belong equally to both of them, and they must divide them equ...
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How do you develop a network of people?
Here are seven tips that will help you, even if you’re not a natural schmoozer. Focus on the right people. Create win/win situations. Give before you rece...
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How do you calculate Social Security income on 1040?
The net amount of social security benefits that you receive from the Social Security Administration is reported in Box 5 of Form SSA-1099, Social Security...
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What is a cust IRA?
A Custodial IRA is an Individual Retirement Account that a custodian (typically a parent) holds for a minor with an earned income. Once the Custodial IRA ...
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What happens if builder declares bankruptcy?
If your builder is bankrupt, in voluntary administration or in liquidation, you may receive a letter from the insolvency practitioner appointed to adminis...
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What qualifies as distressed property?
Distressed property is any property that is under foreclosure or being sold by the lender. Normally, a distressed property is a result of a homeowner who ...
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Can you claim previous years donations?
In any one tax year, you can claim: donations you made by December 31 of that year. any unclaimed donations you made in the previous five years. any uncla...
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Does IRS need warrant?
Wessler noted that up to the present, the current version of the Internal Revenue Manual, also available on the IRS Web site, continues to explain that no...
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Are payments to investors tax deductible?
The IRS allows a deduction for investment interest expenses, which includes any margin interest expense you pay for money borrowed to purchase investments...
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Who has to file a Form 720?
If you own a business that deals in goods and services subject to excise tax, you must prepare a Form 720 quarterly to report the tax to the IRS. The fede...
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