Q&A
Asked by gariths626
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
Determining whom you can claim as a dependent
can be tricky. Here's an IRS website that
should help.
Q&A
Asked by an anonymous user
Answered by David Skow
Mortgage Professional in Seattle , WA
Mortgage Professional in Seattle , WA
As long as the HELOC is in the first mortgage
position you should be able to write off the
interest, but double check with a CPA or
accountant for your specific situat...
Q&A
Asked by Dbrunman
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
CPA/CFF/CGMA in Livingston, NJ
For 2017, the standard deduction for a couple
with the filing status of Married Filing
Jointly is $12,700. For each person aged 65
or older, there is an additional $1...
Q&A
Asked by pjohnson
Answered by Larry Gilmore
Insurance Agent in Marysville, WA
Insurance Agent in Marysville, WA
No. Just the corrected W2
Q&A
Asked by an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
CPA/CFF/CGMA in Livingston, NJ
The full value of the IRA is includable as
income by the beneficiary of that IRA. If no
beneficiary was named, then it is taxable to
the estate, which must file Form ...
Q&A
Asked by an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
CPA/CFF/CGMA in Livingston, NJ
Interest and dividends earned on life
insurance policies are not includable for tax
purposes unless paid to a beneficiary and even
then, the insurance carrier would se...
Q&A
Asked by pmekrut
Answered by Jeffrey Schneider
Tax Professional
Tax Professional
Yes, the new law did not change the deduction
for health insurance premiums.
Q&A
Asked by ravenknight10025
Answered by Jeffrey Schneider
Tax Professional
Tax Professional
The short answer is yes if the divorce was
basically finalized before very late 2017. If
after that date, it is neither taxable or
deductible under the new law.
Q&A
Asked by Gguzman58375
Answered by Jeffrey Schneider
Tax Professional
Tax Professional
Absolutely not. If you make a donation to a
museum that is a not for profit and not
disguised as an entry fee, that is a
charitable donation.
Q&A
Asked by Marjorie
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
The usual rule of thumb is to keep your tax
returns for three years and your bank
statements for one year, but there are some
cases in which you should keep your recor...
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