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Can a renter and the owner of the home both claim head of household?
Wiki User
∙ 14y ago
No only one HOH to a home.
Wiki User
∙ 14y ago
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Can both husband and wife file separately and both file as head of household?
if me and my husband both have a residence and we are married can we both file head of household?
Can married people filling separate and both claim head of household in the address?
No-you must file as mariied ( either jointly or seperately) Head of Household is unmarried taxpayers or married taxpayers that have kid(s) living with them AND have been separated for AT LEAST the last 6 months of the year and living at separate addresses.
Can two people claim head of household?
I assume you are talking about an unmarried couple living together who have a child or children living with them, who meet all the requirements for Head of household (HOH) and the dependency exemption. Yes, they could potentially both file as HOH, but only if they each have a qualifying child who lives with them and all other tests are met. So if you only have one child living with you, than only one qualifies for HOH. If there are two children living with you, than you can each claim one of the children for HOH purposes and for the dependency exemption.
Do I have to claim SSI as household income?
Yes it is an income so it is reportable if you have enough other income in the household to require filing income tax returns. For instance, if a married couple files their taxes as a joint return, with one who works and the other who receives Social Security disability income reported on Form SSA-1099. In this case both the Social Security and the W-2 income will be reported on one of the 1040 tax returns.
Which of the following business transactions would cause a decrease both in assets and owner's equity?
a withdrawl
What is a good place to go if one is looking for beach rentals in California?
An excellent site is VRBO (Vacation Rentals By Owner) which eliminates the middle man between the property owner and the renter, with both sharing in the savings.
Can you and your adult child both claim head of household?
No whoever qualifies along with the higher income can claim that credit. There can only be 1 head of houshold per home....
Can common law spouses both claim head of household?
No. Only one HOH filing status to a home or residence.
Can i claim both my sister and her daughter even if she received food stamps-?
You can only claim your sister and her daughter on your taxes if you supported them and they lived in your household. Benefits have to be added to the return as income to the household.
Rent to Own Houses can Change Your Future?
Rent to own houses can be the best way for a first time home owner to transition from renting to ownership. In most cases, the financial burden is shifted slowly from the owner to the renter, which makes it a smooth and simple transition. Affordable Payments In a rent to own agreement the renter usually assumes at least a portion of the mortgage payment that the owner makes on the property. Unlike a traditional mortgage payment, however, the renter is not responsible for repair to the house. The renter is also free from the responsibility of paying insurance or taxes on the property until they become the owner. This keeps the monthly payments lower and more affordable for many people who may not have the funds to purchase a property outright immediately. Every rent to own contract is different, but most provide an easier financial burden on the renter. Gradual Preparation for Ownership Rent to own houses give the renter an opportunity to see what eventual ownership may be like, while providing the owner a steady way to keep up mortgage payments. Depending on the agreement, the renter may assume more of the ownership responsibilities as time passes. The owner may have the opportunity to complete the sale at any point during the agreement, as well. While the rental agreement is in place the renter can use the time and lower monthly payments to make financial arrangements for when they will eventually assume all of the ownership responsibilities. Immediate Investment in the Property When you enter into a rent to own agreement as a renter, you feel an immediate sense of ownership. In these cases the renter generally has permission to make any changes to the house and landscape at any time. Owning a home feels very different than renting a home, which means that a rent to own home is usually better cared for during the rental period than a standard rental home. The renter can make plans for the future of the property as if they were already the owners from the moment they enter into the rent to own agreement. This situation tends to benefit both parties a great deal.
Can both husband and wife file separately and both file as head of household?
if me and my husband both have a residence and we are married can we both file head of household?
Your girlfriend and you live together her niece was placed with both of us by the dept of family and child svcs in May you pay over 75 percent of the living expenses so can you claim head of household?
yes!
Can married people filling separate and both claim head of household in the address?
No-you must file as mariied ( either jointly or seperately) Head of Household is unmarried taxpayers or married taxpayers that have kid(s) living with them AND have been separated for AT LEAST the last 6 months of the year and living at separate addresses.
If you are renting a house and want to set up an above ground pool who's insurance needs to be notified the renters' or the home owners'?
The homeowners insurance would need notification.I would notify both cause actually both the renter and the owner can be at risk as far as liability. I would recommend increasing your liability limit to at least 300K if its not there already.
If you are involved in an auto collision in a parking lot with a person driving a rented car whose insurance provider is liable the rental car owner or the renter?
Both. Who ever insures the car, will mainly have responsibility to crash . It depends on what state the accident was in. State law would determine who is responsible and loves
What are the laws in California for vacating residence after foreclosure?
This depends greatly on the individual situation. For a prior owner, the new owner will serve a Notice to Quit, which can be anywhere from 3 to 30 days. For a renter, the new owner must honor any remaining lease agreements. With that being said, if the resident does not vacate, the new owner may sue them for unlawful detainer to have them removed. There have been examples of people using petitions and self-serve legal filings and court motions to stay in a home for over a year or more. The best and usually least stressful way to vacate the home is to negotiate with the new owner for a set period of time and possibly "cash for keys" to cover moving expenses. It is often in the best interest of both the renter and new owner to come to a cash settlement agreement where the resident maintains the home without damaging it and leaves on a certain date in exchange for money to be used toward moving or new rental expenses.
Whose auto insurance is primary in California registered owner or permissive driver?
The insurance on a vehicle should be in the name of the Registered owner of the vehicle. Any permissive driver should also be added to the policy as a driver if you are a regular driver or if you live in the household. Either of these requires that you be listed on the policy not both of these. The owner of the vehicle is bound by legal contract to add any regular drivers and household members. If these people are not added to the policy, the contract has been voided and the insurance company can decide not to pay any claims involving such unlisted drivers.
