culture
What does it mean when an immigrant is sponsored?
A sponsor is a person who has helped an immigrant become a lawful permanent resident (green card–holder) by signing an affidavit of support. How long does...
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health
Can my spouse claim mortgage interest?
The IRS limits each spouse to claim only the interest on $500,000 of mortgage debt. Can you claim interest on a mortgage not in your name? The short answe...
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global news
Can you buy shares in USA as foreigner?
There is no citizenship requirement for owning stocks of American companies. While U.S. investment securities are regulated by U.S. law, there are no spec...
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arts
Can you still get paycheck protection program?
Notice: the Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers addition...
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education
When did they start giving student loans?
1840 A timeline of the history of student loans. 1840: The first student loans are offered to students attending Harvard University in 1840. 1867: The Uni...
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education
Is there an easy way to change banks?
Specifically, you’ll need to give the new bank the account number and routing number for your current bank. Once you confirm them, you can link your old a...
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business
What does the IRS consider a partnership?
A partnership is the relationship between two or more people to do trade or business. Each person contributes money, property, labor or skill, and shares ...
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technology insights
How are short term dividends taxed?
Short-term capital gains for assets held for less than a year are still taxed at ordinary income rates. However, if you held an asset for more than a year...
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business
How do I transfer my Itin to Social Security?
Write a letter to the IRS requesting that your ITIN be combined with your new SSN. Include your name, ITIN, Social Security number and mailing address. Ma...
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technology insights
Can islands be bought?
Islands can be sold in two different ways. A freehold island, which is much more common in the Caribbean, North America, and Europe, can be bought outrigh...
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