How much can i get tax deduction from a mortgage interests?

Only the interest deduction portion of your loan is tax deductible. If you pay the loan off the principal payment will not be deductible and you...

Can i claim a tax credit for medicare part b premiums in north carolina??

According to Section 7702B of the Internal Revenue Code the type of contract that applies is a Qualified Long Term Care Contract: The term...

LLC's - Taxation - Foreign Citizens/Nationals

This depends on the type of business you are in. An LLC in the U.S. is a pass-through entity. That is, for federal tax purposes it does not pay...

Is there anyway I can claim head of household even though my ex is claiming our child as a dependent?

You will need to claim the child as a dependent on your return to claim heal of household.

My wife and I filed separately last year and want to file jointly this year. Will I be held accountable for her previous taxes?

If you file jointly this year you will not be liable for her past taxes where you filed separately. However, when you file jointly and have a...

The Federal government still does not recognize domestic partnerships. You are either married as a heterosexual couple for federal purposes or you...

I am married. Can I file married filing separately and claim my wife as a dependent?

You can file as married filing separately, but you cannot claim her as a dependent. Your other option is to file as married filing jointly. This...

How can I look up a company's EIN?

This will have to come directly from the company or their accountant. If they are public look up there public report and get their accountants...

California Tax Law for Gambling Income from Overseas

I am not sure if this is illegal as it is outside my area of expertise. As far as the tax issue goes, California taxes its residents on a...

Discrimination Settlement

If this is not a discrimination case, the settlement you receive is fully taxable unless it is compensation for a physical injury. You do not...