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Hi, we own two homes: one that we're living in and the other that we used to live in, which we rent out currently. We're thinking if it's more money saving to sell it within three years after we moved out of the old house, than keeping it for a longer period to help our kids go to college. This old house's rental basis (the market value as of the day we moved out)...
Submitted May 6, 2013
I have been offered a multi year contract to work in Montreal for a US company. My payment will come from a firm in NYC. Am I entitled to the 92,000 deduction under this arrangement?
Submitted Jun 7, 2013
my husband died last month. we have an account with Merrill lynch that we have had for many years. I have submitted all the information that was requested, but still I am having trouble receiving any revenue from the company. Is this usual? If not, can you give me some insight on what I such be doing or do next.
Submitted Jun 11, 2013
Can a policy holder of life insurance change the beneficiaries when an insured has died? My mother died on March 16th of this year. My grandfather has life insurance for my mother and I (34 y/o) am the beneficiary for both my mother and grandfather. From what I gather, my grandfather is the policy owner, my mother is the insured, and I am the beneficiary (don''t...
Submitted May 12, 2013
Strange question - as an NYC resident, I will rent for my entire time here. I have, in fact, just purchased my very first home, which I will be moving to in about 10 years. I am currently retiring my mom into it. I know that if it was my primary residence, I'd get a huge tax break - but surely I can't be the only NYC resident who's run into this issue. Found...
Submitted Jun 2, 2013
My wife is a independent contractor. We would like to open a Defined Benefit plan for future savings, do you have any recommendations ?
Submitted Apr 25, 2013
Does my 14 or 15 year old have to have Social Security/Medicare taxes deducted from his summer job? Probably maximum income of $2000.
Submitted May 16, 2013
Will my car insurance premium go up if my friend was driving my car and scraped another car? My friend was driving alone. I wasn''t even in the car at the time.
Submitted May 16, 2013
I recently applied for SS (age 62) and will begin receiving that this month (june). I have an S Corp (not collecting salary greater than 15K), but plan to convert that to a C Corp for the next tax year. Is that a wise move? My understanding is that dividends from a C Corp are not considered in the 15K allowable income. True?
Submitted Jun 4, 2013