culture and society
Is second hand selling illegal?
Generally, it’s not illegal to resell an item that you have legitimately purchased. Once you have purchased something at retail it is yours to do with as ...
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media and communication
Is there a penalty for not filing 2018 taxes?
If a return is filed more than 60 days after the April due date, the minimum penalty is either $210 or 100 percent of the unpaid tax, whichever is less. T...
environment and climate
What are the expenses of a condo?
Recurring Costs: Monthly condominium fees or common expenses (or monthly occupancy fees if you move into your unit before it is registered) Property taxes...
global affairs
What does it mean to cancel debt with 1099-C?
Video below explaining the 1099-C canceled or forgiven debt IRS rule. Form 1099-C. If a federal government agency, financial institution, or credit union ...
health and wellbeing
What happens if my parents give me 500, 000?
How this will work: your parents split the gift (they each give you 250,000). Then, they can deduct 14,000 from the gift each. (If the gift was made this ...
civics and society
How long should you be dating before you move in together?
How long should you wait before moving in with a partner? Three in ten people (29%) say couples should wait a year to move in together – the most popular ...
education and learning
What happens when you buy the same stock at a higher price?
Average up refers to the process of buying additional shares of a stock you already own, but at a higher price. This raises the average price that the inv...
environment and climate
Do you pay capital gains when you sell your primary residence?
Capital gains tax is what you pay when you sell an asset that has increased in value. When you decide to sell your primary residence and it has increased ...
health and wellbeing
Do you have to file taxes after 72?
When Seniors Must File Taxes For the tax year 2019, you will need to file a tax return if you are not married, at least 65 years of age, and your gross in...
science and technology
Can I convert traditional IRA to Roth after retirement?
Converting a Traditional IRA to a Roth in Retirement There’s no age limit or income requirement to be able to convert a traditional IRA to a Roth. You mus...
education and learning
How do I get a copy of my 1095-A for 2019?
How to find your 1095-A online Log in to your HealthCare.gov account. Under “Your Existing Applications,” select your 2020 application — not your 2021 app...
media and communication
Why is it real estate and not just estate?
The word “real” is derived from Latin, meaning existing, actual, or genuine. The word “estate” is an English translation of the Old French word “estat,” m...
civics and society
Can you take bonus depreciation on vehicles 2020?
Heavy Vehicles Heavy SUVs, pickups, and vans are treated for tax purposes as transportation equipment. So, they qualify for 100% first-year bonus deprecia...