What is a like-kind exchange example?
The IRS considers all “Investment Properties” to be “Like-Kind.” Properties do not need to be the same type. For example, raw land can be exchanged for an...
Category: News
What determines my stimulus check?
Stimulus check formula basics Your AGI, taken from your 2019 or 2020 federal tax returns (or the last known information the IRS has on file.) Upper income...
What happens to DLA when a child reaches 16?
DLA has been replaced by personal independence payment (PIP) for adults aged 16 – 64; so when your child reaches 16 they will need to claim PIP. They will...
Do I have to fill in the census?
The Census is compulsory.* Everyone who is staying in your household on Census night must be included. This includes visitors and babies. We have more inf...
Can I get away with filing head of household?
You can’t claim head of household unless you file a separate tax return. If you were never married or you’re legally divorced, you obviously meet the “con...
What do you need for banking information?
Why You Need to Know Your Transit and Institution Numbers Your transit number. Your financial institution number. Your account number. Is it safe to give ...
What happens to my Social Security disability after I turn 65?
When you reach the age of 65, your Social Security disability benefits stop and you automatically begin receiving Social Security retirement benefits inst...
Do car dealerships ask for income?
Why do you need proof of income? It’s a standard practice for a lender to ask for proof of income and employment information when a customer with bad cred...
How do I rescind a settlement offer?
Revoking an Offer If one party to the lawsuit makes a proposal to settle the case and the other side does not respond, then the party who made the settlem...
What happens if you give land to a child?
Giving property to children can cause many problems if you haven’t done your research. Q: My parents have agreed to deed two acres of their property to me...
