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I am divorced, and my ex got the house, as well as the first and second mortgage in the divorce decree (with a hold harmless clause). As my ex was not paying, the second mortgage company pursued me for payment. I reached a settlement with them for about 1/3 of the total loan amount. I understand they will submit a 1099 for the forgiven loan amount. Am I...
Submitted Mar 1, 2013
My daughter has been working as a teacher in Iraq since October2012. She will be there two years. She is paid by the university and no taxes are taken out. She will make under the 92,000 in a year. She filed taxes for 2011 and will file each year. Does she still owe any state taxes (lives in VA) she own no home. Any other taxes she needs to pay? She will be...
Submitted Feb 25, 2013
Hi, I have series EE savings bonds going back 25plus years. They total around 15-20 K, depending on their maturity. I would like to know if you have any recommendations on what I should/can do with them. Thank you. Tim
Submitted Feb 24, 2013
Hello, I have a question regarding whether or not I would need to pay US taxes while I am working abroad. I read the article on this site and I would like clarification on one of the rules. It states: You must reside in a foreign country for an entire tax year or for at least 330 days during a 12-month period When does this 12 month period begin? Is it a...
Submitted Feb 22, 2013
Where can I get a copy(s) of the Save Wisely" book?
Submitted Feb 22, 2013
My mom and dad who are 65, want to take out their Roth IRAs completely (all at once) is that possible? all their IRAs are in mutual funds and my dad is afraid of the risky market. he is going to retire in 1 yr. I read and it said that they have to take it out in installments. Thanks.
Submitted Feb 21, 2013
Should I consider a home equity loan or home equity line of credit to pay my credit card debt if I plan to sell my home within a year? Thank you, John Bryan
Submitted Feb 20, 2013
I"m working in Singapore since the beginning of the year for an American Company but my contract is local. I have not live in US since 20 years ago and this is my first job after all this time. Do I need to pay federal taxes and/or state taxes?
Submitted Feb 20, 2013
Hi. My daughter had a Coverdell IRA, which we planned to indirectly rollover into the Indiana 529 Plan. The balance of $4500 included $4200 in contributions and $300 in dividends earned. I was told we had 60 days to complete the rollover to avoid tax consequences. What I''m wondering is, if we do the rollover, does the $4500 count toward a tax credit on our state...
Submitted Feb 19, 2013
house and 10 acres being purchased by one of the part owners. the site is owned half by deceased fathers trust and the other half by his three adult children who were given an undivided 1/3 interest in the living mothers half share. One of the 1/3 owners is going to purchase the site. What if any are the capital gains tax and personal tax problems. This sale and...
Submitted Feb 16, 2013

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