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Do I need to file taxes for selling art?
Although artists, dealers and investors can deduct business expenses related to producing and selling art works, they do pay taxes on the sales of their a...
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What happens when a mutual fund makes a distribution?
When a mutual fund declares a distribution, the fund price drops by a similar amount, but you aren’t losing money as a result. You’ll receive the distribu...
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Do tips count towards Social Security?
For Social Security purposes, allocated tips do not count as wages or income unless you report the allocated tips as additional income on IRS Form 1040. A...
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Are US probation officers considered law enforcement?
U.S. probation and pretrial services officers and officer assistants are federal law enforcement officers and U.S. district court employees. What is proba...
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Are there tax advantages to getting divorced?
You can deduct alimony you pay to an ex-spouse if the divorce agreement was in place before the end of 2018. Otherwise, it’s not deductible (or taxable to...
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Can cooperatives be non-profit?
Contrary to popular belief coops are not non-profits, and do aim earn profits. Earnings generated by the cooperative benefit the member-owners. The way co...
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Who are the shareholders in a corporation?
A shareholder, also referred to as a stockholder, is any person, company, or institution that owns at least one share of a company’s stock. As equity owne...
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Do principals get a pension?
Public school principals, administrators, and teachers all participate in the same pension plan. But principals have substantially higher salaries than te...
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Is there sales tax on restaurant food in PA?
Major items exempt from the tax include food (not ready-to-eat); candy and gum; most clothing; textbooks; computer services; pharmaceutical drugs; sales f...
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What to do when you slip and fall on ice?
If you fall on ice, it’s important to do the following: Seek medical attention if you are in pain and make sure your injuries are documented. Record witne...
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