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Are retirement accounts subject to divorce?
A defined benefit plan, such as a 401k, is subject to equitable distribution in a divorce. However, only the amount that was accrued during your marriage ...
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At what age does a child develop a personal identity?
Children begin to think about themselves and develop a self-concept during the ages of 3 to 5 years old. They are apt to describe themselves using very sp...
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What is Section 121 of the IRS code?
Among the tax benefits available to homeowners, one of the most useful is the “principal residence exclusion” provided by Internal Revenue Code (IRC) sect...
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How can I see my IRS letter online?
You can access your federal tax account through a secure login at Once in your account, you can view the amount you owe along with details of your balance...
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Why do we need to prepare income statement?
The income statement helps determine a company’s financial health and the financial progress it made during a particular period. Businesses should consist...
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Why is it a better financial decision to buy a car rather than leasing?
On the one hand, buying involves higher monthly costs, but you own an asset—your vehicle—in the end. On the other, a lease has lower monthly payments and ...
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What does a small business professional do?
What, specifically, do Small Business Specialists do? Small Business Specialists should act as small business advocates and interface on behalf of small b...
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How does the Government Pension Offset work?
Under the GPO, the SSA reduces your dependent/survivor benefit by two-thirds of your government pension. In other words, the GPO lowers the dependent/surv...
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Can a power of attorney use online banking?
Please note that an Attorney/Guardian will not be able to transact using internet banking, nor can the Attorney/ Guardian open new accounts on the Donor’s...
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Can I open a Roth IRA if I make over 200k?
Roth IRA contributions are off-limits for high-income earners — that’s anyone with an annual income of $140,000 or more if filing taxes as single or head ...
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