general
Who can claim Gepf?
Who qualifies for the funeral benefit? The GEPF provides benefits for the funeral of a member or a pensioner, as well as for the funeral of a spouse or el...
Aug 03, 2026 1 views
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General
Expert insights and detailed technical documentation about General.
general
Can a husband and wife file jointly for divorce?
Filed jointly by husband and wife. Filed only by one spouse since the other does not consent. Husband, wife decide on maintenance, child custody, property...
Aug 03, 2026 1 views
general
What happens if a non spouse inherits an IRA?
This provision of the SECURE Act relating to inherited IRAs applies to non-spouse beneficiaries inheriting an IRA in 2020 or later, with few exceptions. I...
Aug 03, 2026 1 views
general
Do wash sale rules apply to short sales?
The wash sale rules apply to a loss realized on a short sale if you sell, or enter into another short sale of, substantially identical stock or securities...
Aug 03, 2026 1 views
general
Do you have to pay tax on capital gains?
Some assets are tax-free. You also do not have to pay Capital Gains Tax if all your gains in a year are under your tax-free allowance. Disposing of an ass...
Aug 03, 2026 1 views
general
Why am I being audited 2 years in a row?
Often they will audit 2 years in a row to make sure anything mentioned in one year is not carried over to the next year. Yes. In fact, any year that incom...
Aug 03, 2026 1 views
general
What does step up in basis mean in real estate?
Step-Up in Basis. Your basis in inherited property is not what the decedent initially paid for the asset. It’s “stepped up” to the asset’s value as of his...
Aug 03, 2026 1 views
general
When do you file your final tax return?
In general, the final individual income tax return of a decedent is prepared and filed in the same manner as when they were alive. All income up to the da...
Aug 03, 2026 1 views
general
Is bonus added to taxable income?
While bonuses are subject to income taxes, they don’t simply get added to your income and taxed at your top marginal tax rate. Instead, your bonus counts ...
Aug 03, 2026 1 views
general
Does software development qualify for Qbi?
While consultants are not eligible for the QBI deduction, other IT professionals such as programmers and software engineers will be eligible for the QBI d...
Aug 03, 2026 1 views
general
Does a 17 year old dependent qualify for child tax credit?
No, parents can’t claim the child tax credit for children who turn 18 in 2021. The IRS has begun sending monthly child tax credit payments to eligible par...
Aug 03, 2026 1 views
general
Can my husband get paid for taking care of me?
Currently, five states plus the District of Columbia offer paid family leave in order to care for a spouse. These are New Jersey, Rhode Island, New York, ...
Aug 02, 2026 1 views
