Read Past Q&As
Submitted Aug 23, 2015
Have a variable life insurance policy with a surrender amount of $13,834 and a cost basis of $18,100.04 - how will this effect my tax return ?
Submitted Jul 21, 2015
Hi! I am 51 years old and and I am in college part time at night completing my Bachelors in Accounting. I am a late bloomer and I am starting a long term temporary position for 7 months. I will be making 20.00 per 40 hours a week. I am looking for permanent work, but for now I will take what i can get while I have 4 semesters left until I graduate. I need some...
Submitted Aug 13, 2015
In 2008 i ran into a rough spot with my credit. I have a couple of charge offs . what is the best way to resolve this?
Submitted Aug 15, 2015
I want to fill application to fund my future grandchild (my son's child) college education. My son lives in CA state and I live in PA. Please let me know how to do this. Thanks
Submitted Aug 9, 2015
I have 8 student loans with Mohela/US Dept of Education, that I am currently repaying. I was 120 days past due for several months back in 2012, prior to that time and since then I have made all my monthly payments on time. However, it still shows up as a negative factor on my credit reports. How do I go about changing this? This is the biggest hurdle to improving my...
Submitted Aug 12, 2015
Submitted Aug 12, 2015
My Mother who is 95 yrs old has a life insurance, She has been paying $14.00 on it since she was 60 years old. She is still live and well, Initial sum value is 1200.00 and doubled beginnig 11th year. There is also a table of values which i cannot read. What do you think the cash value would be?
Submitted Aug 11, 2015
I opened an UTMA account for my son, age 16. I want to fund the account with shares of mutual funds I already own. I simply want to transfer the funds into his account. If I transfer all of the funds I'd like to, which is over the yearly $14,000 gift tax limit, may I deduct the amount over the limit as part of the federal estate tax exemption?
Submitted Aug 4, 2015
If an insured passes away with a life insurance contract in force, & has an outstanding loan on the policy that exceeds the death benefit & cash value, are there any tax consequences. For example, the death benefit is 1 million, cash value is $200,000 and the outstanding loan is for 1.5 million. Thank you.
Submitted Jul 31, 2015