health and wellbeing
Do you have to pay taxes on sale of inherited property?
If you inherit a home, land, or other real estate and sell it, you may have to pay taxes on any gain you made on the property. To calculate capital gains,...
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education and learning
How long should a Schedule C filer keep records?
Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim f...
health and wellbeing
Can I leave and reenter the US on a j1 visa?
Generally, a J-1 visa holder may not travel outside the U.S. for more than 30 days without being considered to have “abandoned their program”. Any excepti...
science and technology
Is IRS accepting electronic tax returns?
Although the tax filing deadline has been extended to May 17, 2021, from April 15, the IRS continues to process electronic tax returns, issue direct depos...
culture and society
Why did my first stimulus get direct deposit?
And some Americans who got their first stimulus check by direct deposit are finding out the second check will arrive by mail instead. If you’re getting yo...
education and learning
What is state issued ID?
Identity documents in the United States are typically the regional state-issued driver’s license or identity card, while also the Social Security card (or...
global affairs
What are tax attributes on Form 982?
Tax attribute refers to certain losses, tax credits, and the adjusted basis of property that must be reduced because of the exclusion of debt cancellation...
environment and climate
What age is determined elderly?
In most industrialized Western nations, someone is considered a senior by the age of 65 or so. But remember: That number is based primarily on retirement ...
culture and society
How much do government employees get after retirement?
The retirement gratuity payable for qualifying service of 33 years or more is 16½ times the Basic Pay plus DA, subject to a maximum of Rs. 20 lakhs. Half ...
health and wellbeing
Is 80k a year enough to retire?
Start Where You’re At. Financial experts typically recommend your retirement income should be about 80% of what your income is right before you retire. Th...
global affairs
Can you make withdrawals from a trust?
Only the trustee — not the beneficiaries — can access the trust checking account. They can write checks or make electronic transfers to a beneficiary, and...
data and analysis
What does purging patients mean?
Purging disorder is an eating disorder that involves “purging” behavior to induce weight loss or manipulate body shape. Purging can mean a number of thing...
data and analysis
How do I know if I can deduct my health insurance premiums?
You can deduct your health insurance premiums—and other healthcare costs—if your expenses exceed 7.5% of your adjusted gross income (AGI). Self-employed i...