Do I have to file Form 8862? Form 8862 is not required if you comply with certain exceptions. If you have already filed Form 8862, you do not need to resubmit it unless your EIC has been reduced or denied again after the original filing. In other words, you only need to file Form 8862 … Read more
Do I collect out-of-state sales taxes? Do I have to collect sales tax from other states? At a minimum, retailers will be required to collect taxes in their home state, which may be the place where the business is incorporated or established and also where the owners reside, if different. The presence of inventory in … Read more
Do Mortgage Lenders Check Marital Status? Mortgage lenders may not ask you if you are single, divorced, or widowed. They can only ask you if you are married, single or separated. These consequences can impair your ability to obtain a mortgage loan. For these reasons, if you are separated or divorced, be prepared to provide … Read more
Do I have to file Form 1041? IRS Form 1041, U.S. Income Tax Return for Wealth and Trusts, is required if the property generates more than $ 600 in gross annual income. The deceased and his estate are separate taxable entities. A trust or estate of the deceased is allowed a deduction from income distribution … Read more
Do I have pernicious anemia? What is the difference between anemia and pernicious anemia? Anemia is a condition in which the body does not have enough healthy red blood cells. Red blood cells provide oxygen to body tissues. There are many types of anemia. Pernicious anemia is a decrease in red blood cells that occurs … Read more
Should I use Form 8949? Anyone selling or exchanging a capital asset such as shares, land or works of art must complete Form 8949. Both short-term and long-term transactions must be documented on the form. When can Form 8949 be omitted? Taxpayers may omit Form 8949 transactions if: They have received a Form 1099-B showing … Read more
Do I need to include my spouse in a mortgage application? To apply for a mortgage, you and your spouse usually need to file tax returns and recent two-year bank statements. These documents give lenders an idea of how much money is flowing into your home. Do I need to add my spouse to my … Read more
Do I have to pay home improvement sales tax? When you work in real estate yourself, you have to pay sales tax on the materials and supplies you buy. Anyone who purchases building materials from a supplier, whether a contractor or an owner, must pay sales tax, regardless of the nature of the work (repair … Read more
The French capital months? Date words: Do not capitalize the days of the week and months of the year in French unless they are at the beginning of a sentence. However, the nationalities used as nouns are written in capital letters: Il habite avec un Espagnol. Why don’t the months be capitalized in French? Capitalization … Read more
Money market funds have 12b 1 commissions? A 12b-1 rate is an annual rate of marketing or distribution of an investment fund. Quota 12b-1 is considered an operating expense and, as such, is included in a fund’s expense ratio. It is generally between 0.25% and 0.75% (the maximum allowed) of a fund’s net assets. Do … Read more