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6 November 2016 | 4 replies
Hi,We are non-resident foreigners who are interested in buying a condo in Michigan for our son who is a US citizen (9). He will most likely live in the US in the future (for college etc.) How is the best way to reduce...
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27 January 2018 | 5 replies
Filing separately can adversely impact the following tax benefits: In most cases you cannot claim the credit for Child and Dependent Care Expenses.You cannot claim the Earned Income Credit.You cannot claim any education credits.You cannot claim the adjustment for Student Loan Interest.You cannot claim the exemption for interest on EE bonds used for education.Your Child Tax Credit is half what it would be on a joint return.Your Capital Loss limit is cut in half.Your Saver's Credit is cut in half.You cannot claim passive losses on real estate rental property (if you still live with spouse)Your Alternative Minimum Tax Exemption is cut in half.Your standard deduction is cut in half.If your spouse itemizes you can't take the standard deduction at all.You expose more Social Security to being taxed.You cannot claim the adoption credit, and if you received adoption benefits from your employer they are now taxable.Not really a tax benefit, but if you file separately your tax preparer will charge you for preparing two returns.
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11 February 2024 | 7 replies
Based on a quick search, I did not see any governmental agencies addressing this particular question.LA county assessor says the child must make the received property his/her primary residence within 1 year, and must file a valid Home Owners property tax exemption.
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15 April 2018 | 146 replies
Not to mention, many of the tax breaks we count on like child dependents, mortgage interest and such won't be as applicable because our kids will be grown and houses paid off.
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9 September 2007 | 16 replies
A child is sold some land for a home while the parents keep the farm.
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19 April 2022 | 66 replies
Most of them are real estate dick heads or network marketing mobsters who treat you like your a child.
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9 December 2016 | 240 replies
We're planning a similar trip but waiting until our child is more appreciative of the culture.
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29 November 2009 | 13 replies
As evidence of that, I have a FAR greater number of female tenants than male tenants BECAUSE the white trash males only stop by for a quicky, so the white trash females can get pregnant with their 5th, 6th, 7th, or 8th illegitimate child (and therefore get more government money and a bigger section 8 house).
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28 July 2021 | 53 replies
I work full time and am raising a newborn with my wife that will be 6 months old soon and we also have an eleven year old as well.
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29 April 2016 | 15 replies
Having recently turned 35 and having our third child born has spurred me to do something about it.