general
How do I claim my solar tax credit on TurboTax?
Filing requirements for the solar tax credit To claim the credit, you must file IRS Form 5695 as part of your tax return. You’ll calculate the credit on P...
Category: General
general
What happens when you sell an investment at a loss?
If you sell the stock in a year in which you don’t have losses to offset, or you have more losses than gains, you can deduct up to $3,000 in losses that d...
general
What is the Roth IRA 5-Year Rule?
The first Roth IRA five-year rule is used to determine if the earnings (interest) from your Roth IRA are tax-free. To be tax-free, you must withdraw the e...
general
How can I get a copy of my EIN verification letter 147C from the IRS?
The only way to get an EIN Verification Letter (147C) is to call the IRS at 1-800-829-4933. How do I get my 147C letter online? Get yourself a virtual fax...
general
What are valid excuses for not accepting suitable work DC?
If the job offered was suitable, the claimant’s objections must be examined for good cause. Personal reasons for refusing suitable work may include illnes...
general
Is there a copy of the 2017 Form 1099 MISC?
2017 Form 1099-MISC Attention: Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. T...
general
What was the number of new houses sold in 2018?
There were 617 thousand new houses sold in the United States in 2018. The number of new houses sold in the United States took a big hit during the financi...
general
Can residential property be leased?
When a residential premise is let out, a landlord and a tenant enter into an agreement, which could be a lease or a licence. Under a lease, an exclusive p...
general
Can I deduct mileage if I get a W2?
As a W2 employee, you may be able to deduct certain vehicle costs as a job-related expense if you are itemizing your deductions. They are considered perso...
general
Are divorced moms considered single moms?
So, even if you are divorced, you are a single mom — no matter how much you want to distance yourself from THOSE PEOPLE who never married. How does divorc...
general
What happens if you forget to pay tuition?
Unpaid tuition will keep your degree back – the qualification you so desperately need to start working. Your financial situation will be unnecessarily tou...
general
Where do spouses separately sell houses in the year they get?
Where spouses separately sell houses in the year they get married (or immediately after for a December wedding), how do capital gains exclusions work? How...
general
Can a higher earning spouse pay higher taxes?
A higher earning spouse will be in a higher tax bracket, which means he’ll have to pay a higher tax rate on the amount than his lower-earning wife would h...
