The majority of married couples who decide that they don’t want to live together anymore simply get divorced. A small percentage, however, try a legal separation first, then decide later if they want to make it a permanent split. Although separating first and divorcing later is more expensive, it gives both parties a chance to ...
Normally, when you make a gift to a third party, you are subject to the federal gift tax if the amount of the gift is more than the annual exclusion amount, which is $13,000 for 2012. So any gift you make for less than that amount is excluded from gift tax and you would not ...
Michael Landon was born Eugene Maurice Orowitz on October 31, 1936, in Forest Hills, New York. His father, Eli Maurice Orowitz, was an actor and movie theater manager; his mother, Kathleen, was a dancer and comedienne. He had a sister, Evelyn, who was three years older than Michael. Michael had an unhappy and tortuous childhood. ...
Generally, alimony payments can be deducted for federal income tax purposes by the spouse who pays the alimony. And the spouse who receives alimony payments must report them as taxable income. This also applies to lump sum payments and can result in significant tax consequences for the spouses. For example, a lump sum payment may ...
There are a number of different filing statutes available to an individual filer, five to be exact, but if you are married, you will need to decide whether to file jointly with your spouse, or to go out on your own and file separately. There are advantages to each one, as well as certain drawbacks. ...
If you are an Arizona resident for the entire year, and you are 65 or older, or you received Supplemental Social Security Title 16 payments during the year, you may be able to claim a property tax credit when you file your annual Arizona state income tax return. You can also claim the credit even ...
Karla News
Karla News
