business
How do I talk to someone at tax?
Taxpayers may ask tax questions by calling the toll-free customer service line at 1-800-829-1040 for individual tax issues or 1-800-829-4933 for business-...
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arts
Did Shane ever finish his house on Alaska the last frontier?
Shane & Kelli Kilcher of the Discovery series Alaska: The Last Frontier have built a beautiful cordwood cabin on their land near Homer, Alaska. They u...
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local updates
How much do you get for claiming a elderly parent?
The amount of qualifying expenses increases from $3,000 to $8,000 for one qualifying person and from $6,000 to $16,000 for two or more qualifying individu...
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arts
Can you write off unpaid medical bills?
If your unreimbursed, out-of-pocket medical bills in 2020 exceeded 7.5 percent of your adjusted gross income (AGI), you may be able to deduct them on your...
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environment
What is the tax free allowance for a single person in Ireland?
€1,650 Rates Tax credit 2020 2021 Single person €1,650 €1,650 Married person or civil partner €3,300 €3,300 Employee Tax Credit (formerly known as the PAY...
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education
Does qualified business income include rental?
IRS provides safe harbor to treat rental real estate income as QBI. If all requirements are met, a taxpayer’s rental real estate activities will be treate...
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global news
Can a property be transferred from a person to a LLC?
Transferring your real estate holdings to an LLC may limit your personal liability for claims or lawsuits involving the property. For owners of rental or ...
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technology insights
Are dividends taxed when received?
Generally speaking, dividend income is taxable. If you own a stock, such as ExxonMobil for example, and receive a quarterly dividend (in cash or even if i...
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environment
Does filing delinquent FBAR trigger audit?
If it is willful, the penalty is the greater of $100,000 or 50 percent of the amount in the account for each violation. Does filing an FBAR trigger an aud...
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environment
Where can I invest sale proceeds from property?
You can invest a maximum of Rs 50 lakh in specific bonds and investment should be made within six months from the date of sale. If the residential propert...
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