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
news
Can a bank issue a 1099-C in 2012?
In 2012 somebody at the bank notices that the debt is no longer collectible and issues you a 1099-C. In 2012, you are solvent. You will want to argue that...
Jul 20, 2026 • 1 READS
updates
Is paying taxes with a credit card a good idea?
The benefits of paying taxes with your credit card. Paying your taxes with a credit card can help you earn rewards and give you more time to pay off a hig...
Jul 20, 2026 • 0 READS
updates
How to prepare an income tax return in ITR?
Download the Appropriate ITR utility under ‘Downloads > IT Return Preparation Software’. Extract the downloaded utility ZIP file and Open the Utility f...
Jul 20, 2026 • 1 READS
news
How do I get my w2 from New York City DOE?
Your W-2 statement is available at NYCAPS Employee Self-Service (ESS). For assistance or more information please contact NYCAPS at 212-487-0500. Why is NY...
Jul 20, 2026 • 1 READS
news
When a partner leaves a partnership the withdrawing partner is entitled?
When a partner leaves a partnership, the withdrawing partner is entitled to a bonus if the recorded equity is overstated. Even if partners devote their ti...
Jul 20, 2026 • 1 READS
updates
What is passive active loss?
Passive activity loss rules are a set of IRS rules that prohibit using passive losses to offset earned or ordinary income. Passive activity loss rules pre...
Jul 20, 2026 • 1 READS
