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Are spouse funeral expenses tax deductible?
Individual taxpayers cannot deduct funeral expenses on their tax return. While the IRS allows deductions for medical expenses, funeral costs are not inclu...
Category: Environment
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What happens if one person wants to sell and the other doesn t?
If you share ownership with another person, neither of you can sell the property without permission from the other. This isn’t a problem if all the owners...
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How do you say you write on behalf of someone?
You put “p.p.” in front of the name of the person for whom you are writing the letter — p.p. stands for “per pro” (for and on behalf of). Can you write a ...
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What type of business is construction?
A contractor corporation is the best type of business structure for a construction company based in California. Do I need a DBA as an independent contract...
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What is a mutual fund custodial account?
The term custodial account generally refers to a savings account at a financial institution, mutual fund company, or brokerage firm that an adult controls...
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How did the Fed respond to the 2008 financial crisis?
The Fed lends to banks through a facility called the discount window. As the crisis built, the maturity of discount window loans was extended and the inte...
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Is interest on special assessments tax-deductible?
The payments on these loans may appear to be deductible real estate taxes; however, they’re not deductible real estate taxes. Assessments or taxes associa...
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How did people lose their homes in 08?
Homeowners were defaulting at high rates as all of the creative variations of subprime mortgages were resetting to higher payments while home prices decli...
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Does Mississippi recognize common law marriage?
Since common law marriage is no longer recognized in Mississippi, issues may arise when a couple has lived together without the benefit of marriage and th...
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Is owner-financed income taxable?
Most money that you earn is subject to income tax. While the principal that you get back as loan or contract payments may be a capital gain, the interest ...
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What technique is Uncle Sam?
propaganda technique By giving the viewer options, Uncle Sam is using a propaganda technique that allows the viewers to become more comfortable and not si...
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Do they take less taxes if you have a child?
For 2020, a new baby also delivers a tax credit of up $2,000, even if the child was born late in the year. Unlike a deduction that reduces the amount of i...
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Are agent commissions tax deductible?
“You can deduct any costs associated with selling the home—including legal fees, escrow fees, advertising costs, and real estate agent commissions,” says ...
