global affairs
Can a healthy spouse pay for nursing home care?
You, as the healthy spouse, have a monthly income of $2,800. Therefore, your income is $100 / month over the MMMNA, and your spouse cannot supplement your...
Category: Global Affairs
global affairs
How do I get a copy of my 1099-MISC income?
If you are looking for 1099s from earlier years, you can contact the IRS and order a “wage and income transcript”. The transcript should include all of th...
global affairs
What do you need to know about the Itin?
2. Security of account: The ITIN is a recognized identification number which is usually the SSN (Social Security Number) that each taxpaying individual po...
global affairs
How do you use maybe or may be?
While these words contain all of the same letters, they do function as different parts of speech, and they cannot be substituted for each other. Maybe is ...
global affairs
Does getting a new job affect taxes?
But when you change jobs, your new employer must withhold the tax on the amount they pay you up to the wage base, even though you don’t really owe more. O...
global affairs
How are mutual fund distributions reported?
The funds report distributions to shareholders on IRS Form 1099-DIV after the end of each calendar year. For any time during the year you bought or sold s...
global affairs
What is the new government pension scheme?
What is the new State Pension? The new State Pension is a regular payment from Government that most people can claim in later life. You can claim the new ...
global affairs
Why do some married couples file separate tax returns?
Separate returns may give you a higher tax. Some married couples file separate returns because each wants to be responsible only for his or her own tax. T...
global affairs
What are the problems with manufactured homes?
Manufactured Housing Problems Site Preparation Problems. Manufactured housing installation problems can begin with site preparation. Structural Issues. So...
global affairs
Can you depreciate a second home on an annual basis?
With an investment property, Weinstein points out that you can deduct depreciation on an annual basis, but you can’t depreciate a second home if it’s only...
global affairs
How is revenue distributed?
Revenue sharing is the distribution of revenue, the total amount of income generated by the sale of goods and services among the stakeholders or contribut...
global affairs
What is a federal offset payment?
The Treasury Offset Program (TOP) collects past-due (delinquent) debts (for example, child support payments) that people owe to state and federal agencies...
global affairs
Are trusts subject to estate tax?
Although a revocable trust may help avoid probate, it is usually still subject to estate taxes. Also, since the assets have been transferred to the trust,...