opinion
When do I get a 1099-C for a deed in lieu of?
According to the IRS, Form 1099-C must be furnished to the debtor by the last day in January of the year following the debt cancellation. The item must be...
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Opinion
opinion
Is it legal to trade forex for someone else?
You cannot trade securities for others without becoming licensed as an investment professional. Investment professionals must be registered with the Secur...
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opinion
Why is there a tax penalty for marriage?
The marriage penalty is the result of federal tax brackets. Couples who are married and file joint tax returns have historically been able to enjoy more i...
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opinion
How often does a house need to be updated?
every five to ten years “The rule of thumb is to update your home every five to ten years. This does not necessarily mean you have to undertake costly ren...
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opinion
Can a company not pay you your commission?
Employers also cannot refuse to pay earned by uncollected commissions earned when an employee leaves a company. If an employee makes no sales and earns no...
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opinion
Can I use my credit card for everything?
More businesses than ever now accept credit cards for payment, which means you can use your rewards credit card to pay for almost anything. You could rack...
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opinion
What do you do when you overpay a contractor?
If so, what you should do is to simply deduct the amount of the overpayment from the contractor’s next payment. If the contractor was hired for a single j...
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opinion
Where can I find information about Delaware funds?
Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the ...
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opinion
When can start up costs be expensed?
The IRS allows you to deduct $5,000 in business startup costs and $5,000 in organizational costs, but only if your total startup costs are $50,000 or less...
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opinion
Should I put my personal home in my trust?
A trust will spare your loved ones from the probate process when you pass away. Putting your house in a trust will save your children or spouse from the h...
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