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Have you ever considered using Pinterest for your Genealogy and family history research? I started using Pinterest for my family&#... -
UPDATE FROM 2018: The links below are not currently working. If you are looking to Map Your Surname, please visit the following website... -
Okay, so we've all done it. We have all pinned pictures that were not our own onto Pinterest. We've all found photographs of a... -
Are you stumped on how to use Pinterest for Genealogy? Are you looking for some new ideas for your boards? The image below shows some creati...
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ReplyDeleteRetiring after reaching age 62, becoming disabled in the current or prior tax year also qualifies you for the penalty waiver, as does having a reasonable cause for not making the payment or being able to demonstrate that the underpayment was not due to willful neglect, the IRS states.
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Even though the law doesn’t state that coronavirus-related unemployment ignorance qualifies, it’s worth a shot to ask if it would save you a significant chunk of change. You’ll also need official documents such as court or hospital records to back up your claims.
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“It’s always best practice to ask for forgiveness because this was a strange year,” Steber says. “The IRS isn’t going to look to apply these provisions to get you a bigger refund, a bigger break or a tax exemption that you didn’t know you’d get but you qualify for. It’s incumbent upon you to look for all the rules and all the benefits and all the opportunities.”
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If your tax situation is more complicated this year than in the past, you might want to consider consulting with a tax professional. Finding out about an obscure tax credit or getting help applying for a penalty waiver could be the difference between owing or receiving thousands of extra dollars on your return.
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While a traditional bond matures on a specific date and then ceases to exist, a savings bond can mature and then continue to exist.
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With traditional bonds, the owner pays taxes on interest payments, but an owner of a savings bond does not pay taxes until the bond is redeemed.
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