Tax

Does Inheritance Get Taxed?

Does Inheritance Get Taxed

Would you want to know if inheritance gets taxed? In general, based on my experience—and this may vary by state—your inheritance may or may not be taxed.  A number of variables, such as the state the dead resided in and the nature of your relationship with them, will determine if and how much inheritance tax […]

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Debt Relief And Taxes

Debt Relief And Taxes

Would you like to know about debt relief and taxes? The repercussions of unpaid taxes are severe.  You have a debt if you borrow money and are legally compelled to repay a specific or determinable amount in the future.  This can be in the form of a loan or a credit card balance. It’s possible

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Are REITs Tax-Exempt

Are REITs Tax-Exempt

Would you want to know if REITs are tax-exempt? According to my understanding, Section 154 of the Investment and Securities (IAS), 2007 grants the Securities and Exchange Commission (SEC) the authority to authorize, register,  and supervise collective investment schemes, including those managed as REITs. In 2011, the Securities and Exchange Commission Laws and Regulations were

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What Reduces Your Tax Liability

What Reduces Your Tax Liability

Would you want to know What reduces your tax liability? Based on my experience, you may take steps to minimize your taxable income and lower your taxes. Understanding and accurately calculating the tax credits and deductions we are entitled to might be the difference between owing more money at tax time or receiving a nice

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What Qualifies A Tax Write-Off

What Qualifies A Tax Write-Off

Do you want to know What qualifies for a tax write-off? From my extensive experience, a write-off is a severe form of a write-down in which the book value of an asset is diminished to an amount below its fair market value.  For example, debt can be written down to reflect that the borrower can

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