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Are military spouses exempt from federal taxes?
So, if you meet the requirements of the Military Spouses Residency Relief Act, both your income and the military income earned by your spouse in the milit...
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Do you have to pay taxes on virtual currency?
For assistance navigating relevant tax regulations, please contact a member of the Digital Currency and Blockchain Technology Services Group. If you did n...
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What happens if you accidentally dont pay taxes?
If you still refrain from paying, the IRS obtains a legal claim to your property and assets (“lien”) and, after that, can even seize that property or garn...
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How do I know if TurboTax got my refund?
When you access the “Where’s My Refund?” tool, you will see three separate boxes to enter your filing status, refund amount and Social Security number. Wh...
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Can a person be a dependent of more than one taxpayer?
No, an individual may be a dependent of only one taxpayer for a tax year. You can claim a child as a dependent if he or she is your qualifying child. Gene...
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Can you make an 83 B election on stock options?
confusion Note an 83(b) election is made on receipt of actual shares of stock. Technically, it cannot be made on the receipt of a stock option itself: ...
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Can I still get a refund for 2017 tax return?
May 17, 2021 is the last day to file your original 2017 tax return to claim a refund. If you received an extension for the 2017 return then your deadline ...
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Can legally separated file joint tax return?
Whether you are legally separated or are living apart informally, you can still prepare a joint return. You can even do it if you’ve actually filed for di...
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What seniors are not required to file taxes?
These filing rules still apply to senior citizens who are living on Social Security benefits. If you are a senior, however, you don’t count your Social Se...
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What is the average return for a trader?
A frequently quoted day trader average return rate is 10 percent, but recall that the failure rate is about 95 percent. Moreover, as NYU’s 93 years of sto...
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