How is real estate divided when a couple splits up?
Dividing Other Real Estate When a Couple Splits Up. If you own other real estate, such as an investment property or a vacation home, you need to go throug...
How does inheritance work in Puerto Rico real estate?
Where inheritance can get tricky is when it comes to real estate, especially property in Puerto Rico. Whether you’re making plans to bequeath your propert...
Do grandparents have rights if one parent dies?
However again there is no automatic grandparents rights after death of a parent. If however the parent of a child has made a will in which they include th...
How do you calculate rental property profit?
Learn how to calculate ROI on rental property in 4 simple steps: Calculate your annual rental income. Subtract your expenses from your annual rental incom...
Where do I file RCT-101?
Where do I mail the RCT-101 (PA Corporate Tax Report)? If the report is being sent by a means other than U.S. Mail the following address should be used: P...
What is FEMA PR?
SAN JUAN, Puerto Rico –The Federal Emergency Management Agency (FEMA) has awarded more than $500 million for survivor assistance, emergency work, and debr...
How much is a capital gain on selling a house?
For a simplistic example: you buy a house for $400,000. Ten years later, you sell it for $700,000. Your capital gain is therefore $300,000. What is capita...
What happens if you make an error on a 1099 form?
An incorrect name or address or an incorrect originally submitted form (if it was a 1099-MISC form when it should’ve been a 1099-DIV form, for instance) a...
What does it mean when it says remaining balance?
The remaining balance refers to the unpaid portion of a loan, debt or credit card. How do I find out my remaining balance? Given this, the second section ...
Can a house in a living irrevocable trust be sold?
Selling a house in a living irrevocable trust A home that’s in a living irrevocable trust can technically be sold at any time, as long as the proceeds fro...
