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Where did my TurboTax files go?
By default, TurboTax saves tax files in the My Documents > TurboTax folder. Tip: Don’t double-click the tax file in the search results to open it, as t...
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What is payroll management process?
The payroll management process, in a nutshell, refers to the process of administration of a company’s employee’s financial records. This would include det...
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What is the last payment of a loan called?
That payment is calculated so that you pay off the loan gradually over the loan’s term. Your last payment will exactly cover what you owe at the end of th...
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Does property value always increase?
Home values tend to rise over time, but recessions and other disasters can lead to lower prices. Following slumps, home values can increase in some areas ...
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What is line 8a on 1040ez?
Line 8a is where you put the amount you are eligible to claim in the Earned Income Tax Credit. The IRS has a chart that helps you figure this out. Line 8b...
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Is a widow considered a single person?
You can only file as a Qualifying Widow or Widower for the two years after the year in which your spouse died. If you do not remarry in the third year aft...
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Do you pay a penalty if you owe the IRS money?
Yes; if you owe the IRS money, then unfortunately you’ll be slapped with a penalty. Even filing a day late means paying the penalty, although it’s always ...
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What are the rules for 401k withdrawal after 59?
If you’re still working after you turn 59 ½, you’ll need to follow your 401 (k) plan’s rules for withdrawals as well. While you’re still working, the rule...
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How does student status affect taxes?
Although tax requirements can differ for full-time students, the full-time student status alone does not exempt one from paying federal income taxes. Your...
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How much does a wife get for maintenance?
If the alimony is being paid on a monthly basis, the Supreme Court of India has set 25% of the husband’s net monthly salary as the benchmark amount that s...
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