health
What are the rules for American opportunity credit?
To be eligible for AOTC, the student must: Be pursuing a degree or other recognized education credential. Be enrolled at least half time for at least one ...
Jan 20, 2026 1 Views
world news
Can married couples file taxes separately in NJ?
In New Jersey, if you are a civil union couple – even if legally sanctioned in another state – you must file your return as either Married/Civil Union Fil...
Jan 20, 2026 1 Views
science
What happens if a spouse dies in middle of divorce in California?
When one spouse dies, their death dissolves their marriage as a matter of law. If one spouse dies after the filing of divorce but before there is an entry...
Jan 20, 2026 1 Views
technology trends
Can guaranteed payments be capitalized?
Guaranteed Payments are treated as ordinary income to the recipient partner, who recognizes the income in his or her tax year that includes the partnershi...
Jan 20, 2026 1 Views
culture
Does Wells Fargo have a due on sale clause?
As long as interest rates have decreased there is no incentive for banks to enforce due-on-sale clauses. However, the only case that even mentions a due-o...
Jan 20, 2026 1 Views
economy
What are the commercial debt forgiveness rules?
The commercial debt forgiveness rules also apply to a non-equity share issued by a company. A debt is forgiven if the company’s obligation to pay the debt...
Jan 20, 2026 1 Views
media
Do consultants cold call?
Cold calling is necessary to grow your consulting business. As tempting as it is to focus solely on marketing on the Internet, you have to contact prospec...
Jan 20, 2026 1 Views
politics
How many children in Canada have divorced parents?
About 1.2 million separated or divorced Canadians have children 18 years or younger. How is money split in a divorce? At divorce, community property is ge...
Jan 20, 2026 1 Views
world news
Can you reinvest profits in an LLC?
LLCs can be C corporations, S Corporations, single-member or other permutations. It’s often preferable to have your multi-owner LLC treated as a C corpora...
Jan 20, 2026 1 Views
world news
How do I know if the IRS accepted my 2553?
Typically, you will get a verdict on your form 2553 application within 60 days of submitting it to the IRS. If you have not heard back in that timeframe, ...
Jan 20, 2026 1 Views