civics and society
What does irrevocable will mean?
way for a putative testator to make an irrevocable will, meaning that there is. no legal method by which an individual can commit to execute a will that i...
Category: Civics And Society
civics and society
Do you count 1099 as employees?
A 1099 worker is one that is not considered an “employee.” Rather, this type of worker is usually referred to as a freelancer, independent contractor or o...
civics and society
What happens to my crypto when I die?
When your heirs inherit your crypto, it’s treated as property and is generally taxed like any other asset: 1) It’s valued as of the date of death; 2) It’s...
civics and society
Can my dependent child claim the education credit?
The IRS treats the American Opportunity and Lifetime Learning tax credits similarly regarding whether a parent or dependent gets to claim them. But if you...
civics and society
Will my disabled adult son who receives social security?
WILL MY DISABLED ADULT SON WHO RECEIVES SOCIAL SECURITY DISABILTY AND I CLAIM AS A DEPENDENT RECEIVE STIMULUS – Answered by a verified Social Security Exp...
civics and society
What do 50 year old man want in a relationship?
Someone confident and independent. Older men are looking for someone who’s emotionally secure and financially stable. “This may be especially true if the ...
civics and society
Is indexation allowed on Stcg?
So, indexation applies only to assets held for long-term. Are all assets held for less than 36 months short term and those held for more than 36 months lo...
civics and society
Is the cancellation of debt included in 1099-C?
When you receive Form 1099-C, Cancellation of Debt, the canceled debt is included in the tax year to which the Form 1099-C applies, unless you qualify for...
civics and society
Are Roth IRA contributions tax deductible TurboTax?
Saving with a Roth IRA has some tax advantages, but you cannot use your contributions as a tax deduction. The reason that contributions to a Roth IRA aren...
civics and society
When do divorced parents alternate claiming dependents on tax?
The cycle continues until the child leaves the nest and is no longer dependent on his parents for support. If you have an even number of children, such as...
civics and society
Why does my tax return not transmit to TurboTax?
Rather, your return can’t be e-filed for another reason. TurboTax will let you know why. If the status of your return is pending or rejected, you don’t ha...
civics and society
Are Excise and sin taxes the same?
A sin tax is an excise tax on socially harmful goods. An excise tax is a flat tax imposed on each item sold. The most commonly taxed goods are alcohol, ci...
civics and society
Which states exclude teachers from Social Security?
Now teachers in 12 states — Alaska, California, Colorado, Connecticut, Illinois, Louisiana, Maine, Massachusetts, Missouri, Nevada, Ohio, and Texas — don’...