education
Do you get a tax break for paying alimony?
In case of recurring payments of alimony: Alimony, in this case, is considered as a revenue receipt. Therefore, it is treated as income that is taxable in...
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culture
Is a new W-4 form required every year?
No. Employees who have furnished Form W-4 in any year before 2020 are not required to furnish a new form merely because of the redesign. Employers will co...
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global news
When was Oklahoma acquired by the United States?
Areas of Oklahoma east of its panhandle were acquired in the Louisiana Purchase of 1803, while the Panhandle was not acquired until the U.S. land acquisit...
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environment
What is allocation of purchase price in asset sale?
When selling a business, it’s important to allocate a purchase price for the business’s assets. Allocating a purchase price occurs with both stock sales a...
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health
What is the residuary estate of a testator?
A residuary estate, in the law of wills, is any portion of the testator’s estate that is not specifically devised to someone in the will, or any property ...
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education
Are employee contributions to 401k subject to FUTA?
The amounts deferred under your 401(k) plan are reported on your Form W-2, Wage and Tax Statement. Although elective deferrals are not treated as current ...
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science
What does 0 APR for 12 billing cycles mean?
When a credit card provides 0% APR it means you don’t have to pay interest on purchases charged to it for some specified amount of time—usually between 12...
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local updates
Can I use business credit card rewards for personal use?
It’s generally OK to spend rewards from a business credit card on personal trips as well as business trips, since rewards usually aren’t taxable. If your ...
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arts
Can you take standard deduction from capital gains?
His adjusted gross income (including long-term capital gains and dividends) is $69,700. After claiming the standard deduction of $18,000, his taxable inco...
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global news
Can a joint tenant sell his share without consent?
The property may not be sold without the consent of all co-tenants. However, a co-tenant may transfer their share of the property to another party without...
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