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Does tuition count education expense?
More In Credits & Deductions Qualified education expenses are amounts paid for tuition, fees and other related expenses for an eligible student. What ...
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When did MBA program start?
1908 The first MBA program was founded eight years later at Harvard Business School in 1908. The first class only had 15 faculty members, 33 regular stude...
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How is capital account of the owner be given a title?
The owner’s capital account is shown in the business balance sheet as “[owner name], capital account.” Partnerships/LLCs: Partners in a partnership and me...
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Does Form 1098 include prepaid interest?
You can deduct any prepaid interest and funds you pay into an opening escrow account for local taxes. Prepaid interest will be reported to you by your len...
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Can I telework from another country?
Employees have no authorization to telework from a foreign location without an approved DETO Agreement. DETO arrangements are extremely rare in the Federa...
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Does Indiana have reciprocity with Wisconsin?
Wisconsin currently has reciprocity agreements with four states: Illinois, Indiana, Kentucky, and Michigan. These agreements provide that residents of the...
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Which company has the best training program?
Check out these 10 companies offering programs that will help train you to be a better leader, manager and team player. Seattle Genetics. SAS. Amazon. Bon...
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Which taxpayer is not able to deduct NOLs?
Pass-through entities cannot claim NOLs, but partners, members of limited liability companies, and shareholders of S corporations can claim NOLs proportio...
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What is capital asset vs ordinary asset?
From the foregoing, capital assets are generally properties that are not used in trade or business of the taxpayer. On the other hand, ordinary assets are...
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What if I forgot to file a 1098-T?
The amount of the penalty is based on when the Form 1098-T is filed. The penalties are: $30 per form if you correctly file within 30 days, maximum penalty...
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