society
Is it illegal to cheat on your spouse in South Dakota?
South Dakota law defines adultery as “voluntary sexual intercourse between a married person and someone of the opposite sex who to whom he or she is not m...
Category: Society
society
Are you allowed to modify leased cars?
In general, most funders will allow modifications on a vehicle that do not leave any permanent marks or damage when the vehicle is returned. It’s worth no...
society
Can I deduct PMI in 2021?
The tax deduction for PMI was set to expire in the 2020 tax year, but recently, legislation passed The Consolidated Appropriations Act, 2021 effectively e...
society
Is post doctoral fellowship taxable?
What is the pay for a postdoctoral fellow? Pay varies according to the type of fellowship or grant that you hold, or your PI has put you on. Currently, at...
society
Can I contribute to traditional IRA for last year?
You have until the federal tax filing deadline to make your IRA contribution for the previous year. For most taxpayers, the deadline for filing 2020 tax r...
society
What can disqualify you from getting a hazmat endorsement?
What Felonies Disqualify You From Getting a Hazmat Endorsement? Espionage. Sedition. Treason. Transportation security incident. Improper transportation of...
society
How do you correct bookkeeping errors?
Accountants must make correcting entries when they find errors. There are two ways to make correcting entries: reverse the incorrect entry and then use a ...
society
Can an S corporation be cash basis?
As an S corporation, you can use either the accrual or cash accounting method if you don’t keep an inventory. If you maintain an inventory, you have to us...
society
Are payments to a long-term care facility tax deductible?
Amounts paid for qualified medical care may be deducted on your personal income tax return as an itemized deduction on the Schedule A. The deductible amou...
society
Can a person cash out their 401k?
If you withdraw money from your 401(k) account before age 59 1/2, you will need to pay a 10% early withdrawal penalty, in addition to income tax, on the d...
society
What happens to 401K after losing job?
If you are fired or laid off, you have the right to move the money from your 401k account to an IRA without paying any income taxes on it. This is called ...
society
Can you claim single and head of household?
The head of household status can lead to a lower taxable income and greater potential refund than the single filing status, but to qualify, you must meet ...
society
Do single moms raise better kids?
We’re often told that children thrive the most in a house with two parents, but a new study is proving that single mothers are doing just as great a job r...
