It's unclear what the IRS would have in mind, but in theory, the right answer is as follows:*Compute the average balance on both loans every month (every day wo...
I'm a tax attorney, and I hate to tell you this, but the table in 936 is 100% dead wrong. Using it will hurt you BADLY if you refinance.The average balance of a...
In a way, your daughter was unlucky.Your daughter was self-employed. She needed to report her income on her federal tax return and pay the self-employed FICA ta...
