Some lenders may allow both parties to apply for a mortgage together. This may help you and your partner qualify for a larger mortgage since you’re combin...

If you received any income, including summer jobs, part-time jobs, scholarships, bursaries or grants, you need to file an income tax return. As a full-tim...

Under Florida probate law, a Surviving Spouse has a right to a 30% elective share of the estate of the deceased spouse valued as of the date of death. Wha...

Cooperatives are taxed just as any other business corporation is taxed, except that the IRS allows certain deductions from otherwise taxable cooperative i...

If your nonprofit has misplaced your 501(c) determination letter for the IRS, you can get a copy of an affirmation letter to have “proof” of your tax-exem...

$11.58 million per The Internal Revenue Service announced today the official estate and gift tax limits for 2020: The estate and gift tax exemption is $11...

Seller paid buyer’s closing costs are not deductible on a tax return. However, any seller paid closing costs on behalf of the buyer are expenses of the sa...

The Internal Revenue Service (IRS) treats liquidated damages as taxable income. Although damages for physical injuries and illnesses can be excluded from ...

Moving towards healing Eat and sleep well. Avoid drinking excessively or taking drugs. Find a healthy way to express your thoughts and feelings. Attend th...

personal casualty losses. You can deduct qualified disas- ter losses without itemizing other deductions on Schedule A (Form 1040). Moreover, your net casu...