general
What is abandonment loss?
Abandonment losses, which are not explicitly mentioned in Sec. 165, are realized losses that occur when a taxpayer deliberately gives up possession and ow...
Jul 20, 2026 • 1 READS
news
How much do you actually get after winning the lottery?
The federal government and all but a few state governments will immediately have their hands out for a bit of your prize. The top federal tax rate is 37% ...
Jul 20, 2026 • 1 READS
general
How do you write received in short form?
There are four common ways to abbreviate received: Rec. Recv Rcv. Rec’d. How do you write shorthand in a year? When abbreviating a year, remove the first ...
Jul 20, 2026 • 1 READS
news
What is business registration document in USA?
Generally speaking, a business registration certificate is what allows the state to identify and recognize your business as a separate legal entity. Upon ...
Jul 20, 2026 • 1 READS
updates
What type of organization is a 501c6?
A 501 C (6) organization is tax speak for a business association such as a chamber of commerce. Although they’re organized to promote business, they don’t...
Jul 20, 2026 • 1 READS
updates
Can SSI recipients use the get my payment tool?
You can use the IRS’ Get My Payment Tool to see an estimate of when the IRS may send your EIP. Some Social Security beneficiaries may have received a rece...
Jul 20, 2026 • 1 READS
news
Is there a statute of limitations on a personal debt?
For most debts, the time limit is 6 years since you last wrote to them or made a payment. The time limit is longer for mortgage debts. If your home is rep...
Jul 20, 2026 • 1 READS
news
Who is responsible for taxes after a divorce?
Choosing to file a joint income tax return with your former spouse means that you’re both jointly and individually responsible for paying all back taxes, ...
Jul 20, 2026 • 1 READS
updates
Are property taxes paid yearly in Florida?
The average Florida homeowner pays $1,752 each year in real property taxes, although that amount varies between counties. Florida real property tax rates ...
Jul 20, 2026 • 1 READS
news
Are teachers pensions federally taxable?
Eleven states have no special tax provisions for teacher pensions and, for income tax purposes, treat them the same as other forms of income. These states...
Jul 20, 2026 • 1 READS
