environment
Can I claim 1098-T if my parents paid my tuition?
Even if the 1098-T is in the student’s name, as long as you are eligible to claim the student as a dependent, you are also eligible to claim the education...
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global news
What happens if you give Your Daughter a house?
What she gives you must be equal to the home’s fair market value. If you give her a house worth $300,000 and if she does not give you cash or property wor...
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local updates
Is an AB trust a bypass trust?
An A-B trust minimizes estate taxes by splitting the estate into a survivor portion and a bypass portion. The surviving spouse has limited control over th...
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culture
What can I do to take my nieces and nephew out of my foster and home?
Yes, You will have to file a petition for guardianship or adoption. The process can be complicated. And will normally require a home investigation by DHS....
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arts
Does cashing out stocks count as income?
If you sell stock for more than you originally paid for it, then you may have to pay taxes on your profits, which are considered a form of income in the e...
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global news
Can HR help with W4?
Giving tax advice isn’t illegal. If you work in HR, you’re likely trained on tax basics, like how to fill out a W4 and how to approach common deductions l...
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health
What happens if you divorce a foreign spouse?
If you are divorcing a noncitizen within two years of the marriage, your spouse may lose their residency status. Noncitizens must typically apply for a te...
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business
How is interest on savings account calculated?
As per the new RBI mandate, interest on savings account is calculated on a daily basis based on your closing amount. The interest accumulated will be cred...
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business
Can scholarship be considered as award?
A scholarship is an award of financial aid for a student to further their education at a private elementary or secondary school, or a private or public po...
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education
Can home sellers lie about multiple offers?
If you live in a market where there are now more buyers than there are homes for sale, you may encounter a multiple-bid situation. Those rules and laws wo...
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