The article discusses the settlement between the U.S. Department of Justice and the oil and gas company BP Plc amounting to 18.7 billion U.S. dollars for the Deepwater Horizon drilling rig explosion on April 20, 2010. Topics covered include the Consent Decree with the U.S. Gulf states ...
If you choose to itemize, you must report all of your deductible expenses on a Schedule A form and attach it to your tax return. The Schedule A form is only one page in length and has seven sections, each of which relates to a different category of itemized deductions. These seven...
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How to avoid paying life insurance taxes As we’ve discussed, while life insurance policies offer many tax advantages, there are certain situations where taxes could still come into play. Thankfully, with careful planning and consideration, many of these potential life insurance taxes can be avoide...
In most cases, the settlement fees a seller pays are negotiable. In order to make his home more attractive or easier to buy, a seller may agree to pay one or more of the settlement fees usually paid by the buyer. Having the seller assist with a settlement fee is usually legal, as lon...
Paying for legal costs:Personal liability could help pay for legal counsel to represent you, litigation or settlement costs. Extending coverage for everyone in your home:This includes family members and any pets or animals kept in the home unless specifically excluded. ...
as deferred compensation or supplemental income programs, or by individuals investing their after-tax savings accounts or money market accounts, CD's, proceeds from the sale of a house, business, mutual funds, other investments, or from an inheritance or proceeds from a life insurance settlement....
This is the most predictable model, given that you'll be paying a flat fee. It makes budgeting easier. However, it also takes away the transparency of how much you're paying to card brands, banks, and processors. Tiered PricingIn this model, there are three flat fees to take note of....
lost wages and medical expenses for you and your passengers, no matter who is at fault in an accident. This coverage may be required in no-fault states. Unlike other coverage types, you may also be responsible for some medical expense co-pays with PIP, even after paying the deductible. ...
Additionally, contributions to a traditional IRA may be tax-deductible, while contributions to a Roth IRA are made with after-tax dollars but can provide tax-free withdrawals in retirement. Therefore, a spousal IRA (whether traditional or Roth) provides taxpayers with long-term tax benefits that ...