global news
Can you establish residency at a hotel in Pennsylvania?
Permanent resident. A person who has occupied or has had the right to occupy a room or rooms in a hotel for 30 consecutive days or more. He is not a perma...
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local updates
Is there a statute of limitations on a personal debt?
For most debts, the time limit is 6 years since you last wrote to them or made a payment. The time limit is longer for mortgage debts. If your home is rep...
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global news
What is the maximum non-deductible IRA contribution?
Non-Deductible IRAs In a given tax year, as long as you or your spouse have enough earned or self-employment income, you can each contribute to an IRA. Fo...
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global news
What happens if you Overcontribute to SIMPLE IRA?
Any amount contributed to your SIMPLE IRA above the maximum limit is considered an “excess contribution.” An excess contribution is subject to an excise t...
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global news
What does it mean to pay mortgage on a house?
A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a s...
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culture
Who is responsible for taxes after a divorce?
Choosing to file a joint income tax return with your former spouse means that you’re both jointly and individually responsible for paying all back taxes, ...
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science
Do employers pay for Aflac?
Aflac insurance policies can be obtained on an individual basis or made available by your employer. How much does Aflac cost our company? There are no dir...
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global news
How to calculate depreciation on a rental property?
There are two methods you can use to calculate the amount of depreciation you can claim on rental property plant and equipment assets: 1) the prime cost m...
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health
How many years back can you claim medical expenses?
Claim Period You may claim medical expenses on your tax return for any 12-month period ending in that year. Most people use the calendar year, but that is...
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arts
What do I need to fill out the 1040X?
You’ll get all the forms that were valid for that year. To fill out the 1040-X, you’ll need a blank copy of the tax return you completed and the instructi...
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