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What tips can you offer on helping a parent with his or her finances? My 84-year-old father is having trouble keeping up...
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On April 7, 2021, the Internal Revenue Service and the U.S. Department of the Treasury announced that another 25 million Economic Impact Payments (EIPs) had been distributed. The total distribution now is 156 million payments with value over $372 billion. The fourth batch of payments included 19 million checks or deposits worth $26 billion. This block of payments went to Social Security beneficiaries who did not file a 2019 or 2020 tax return and did not use the Non-Filers tool on IRS.gov. There were also three million payments worth $5 billion that went to Supplemental Security Income (SSI) beneficiaries and nearly 85,000 payments worth $119 million to Railroad Retirement Board (RRB) recipients. The IRS is reviewing data from the Department of Veterans Affairs (VA) about individuals...
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A family limited partnership (FLP) is usually created by parents. It has several purposes. An FLP can save estate taxes...
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