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Can a student loan be in a parents name?
Some private lenders will let you transfer a student loan to a parent by refinancing it in their name. But federal loans for students have lower interest ...
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When do you have a capital gain when you sell a property?
Capital gain – you have a capital gain when you sell, or are considered to have sold, a capital property for more than the total of its adjusted cost base...
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Do household employers file 941?
If you’re a household employer with a business that has employees, you may pay your household employment taxes with your business or farm employment taxes...
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How long does it take to get tax refund after TurboTax?
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Rem...
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What does CPA EA mean?
enrolled agent If you’re exploring hiring a professional to do your taxes, you may come across the terms enrolled agent (EA) or certified public accountan...
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How do I file a tax return for a trust?
In case the Trust is required to file income tax return mandatorily under Sections 139(4A) or139(4B) or 139(4C) or 139(4D) or 139(4E) or139(4F) of the Inc...
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Why did I get multiple W-2 forms?
You might get more than one W-2 if you work for an employment agency or your company changed ownership or payroll providers. If your W-2s are identical do...
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How do I calculate how much tax I owe self-employed?
Generally, the amount subject to self-employment tax is 92.35% of your net earnings from self-employment. You calculate net earnings by subtracting ordina...
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How long are Kansas State tax refunds taking?
How do I check on my current year individual income tax refund? Normal processing time for a paper return is 16 weeks. You may check on the status of your...
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Are loans to nonprofits tax deductible?
The exception: individuals can make up to $250,000 in interest-free loans to nonprofits (qualified 501(c)(3)s) each calendar year without the above applyi...
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