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Can I be an LLC and an S-corp?
An LLC or C-corp may be converted into an S-corp by filing the Form 2553 with the IRS, as long as it meets all Subchapter S guidelines. LLCs require busin...
Aug 09, 2026 1 views
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Can I declare Chapter 11?
Chapter 11 is often called the “reorganization bankruptcy.” It’s for businesses that want to keep operating but need time to restructure their finances in...
Aug 09, 2026 1 views
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Can a 73 year old get a 30-year mortgage?
Can you get a 30-year home loan as a senior? First, if you have the means, no age is too old to buy or refinance a house. The Equal Credit Opportunity Act...
Aug 09, 2026 1 views
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How much does a parent have to pay in gift tax?
Your parent generally won’t owe an actual out-of-pocket tax payment unless gifts for the year him or her beyond the lifetime gift tax exclusion. For tax y...
Aug 09, 2026 1 views
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How long does a divorce decree have to be on file?
State law typically requires the court to keep all divorce decrees on file for a minimum period of time, usually seven or 10 years depending on the state ...
Aug 09, 2026 1 views
news
What happens if I give half of my house to my Children?
Sharing a home If you give half of your home to your children, who then move in and share the bills, the half that you have given away won’t be treated as...
Aug 09, 2026 1 views
news
Where do I find combat pay on W-2?
Your nontaxable combat pay is listed on Form W-2, box 12, with code Q. But you and your spouse can each choose to count your nontaxable combat pay as earn...
Aug 09, 2026 1 views
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Can I contribute more than 15 to my 401k?
How much can you contribute to a 401(k)? The most you can contribute to a 401(k) is $19,500 for 2021 ($26,000 for those age 50 or older). Employer contrib...
Aug 09, 2026 1 views
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Can you sell your parents home while they are still alive?
The document names your parents as the trustees (allowing them to manage all assets while they are still living), and you as the beneficiary. If you inher...
Aug 09, 2026 1 views
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How are states taxed?
Most individual U.S. states collect a state income tax in addition to federal income tax. The two are separate entities. Some local governments also impos...
Aug 09, 2026 1 views
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How do I record a vendor deposit in Quickbooks?
how to record a retainer payment to a vendor in quickbooks desktop Go to the Banking menu at the top. Select Enter Credit Card Charges. Pick the credit ca...
Aug 09, 2026 1 views
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Does annuity count as income for SSI?
Pension payments, annuities, and the interest or dividends from your savings and investments are not earnings for Social Security purposes. Is SSI income ...
Aug 09, 2026 1 views
