What is the maximum loan term for a FHA backed mortgage?
FHA Loans vs. Conventional Loans Loan Terms 15 or 30 years Mortgage Insurance Upfront MIP + Annual MIP for either 11 years or the life of the loan, depend...
Category: Updates
Can a child claim themselves on taxes?
No, he can not claim himself. The question that he has to answer on his tax return is can he be claimed on someone elses return, and the true answer is ye...
Are student accounts available to international students?
There are two types of bank accounts an international student can choose from in the US: a savings account, and a checking account. A savings account woul...
How can we talk through mobile?
How do cell phones work? A cell phone does not use wires to transfer your voice. When you speak into a cell phone a microphone turns your voice into elect...
What are jurisdiction limits?
What does “jurisdictional limit” mean? So, if the jurisdictional limit of your insurance policy is “worldwide excluding USA and Canada”, it means the poli...
How much is Fegli death benefit?
Basic FEGLI The rate is $0.15 per $1,000 of coverage biweekly while you are employed. The death benefit is determined by your basic salary rate rounded to...
Does TurboTax do C Corp?
This will be the first year of filing taxes for the business. For a C-Corp, you must use TurboTax Business (different from Home & Business). You can p...
Do you get the interest back on taxes for mortgage?
Taxpayers can deduct the interest paid on first and second mortgages up to $1,000,000 in mortgage debt (the limit is $500,000 if married and filing separa...
How do I enter k1 on TurboTax?
To enter information from a Schedule K-1, please follow these steps: Click on Federal Taxes > Wages & Income > I’ll choose what I work on. In Tu...
How do I ask if payment was received?
To request payment professionally, it’s important to first make sure there was no error or miscommunication about the invoice. Send a polite email to your...
