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Does A Members Investment Plan or MIP contribution qualify for a Michigan income tax credit on form 8880 of the MI 1040?
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∙ 12y ago
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When did IRAs change from pretax to post tax?
Only when you do not qualify to deduct your contribution from your total income an pay have to pay the income in the year of the contribution then you would have a post tax contribution amount in your IRA account after income tax cost basis in your IRA account.
Is rental income unearned income?
Rental income may be considered unearned income. It depends on how active you are in managing the investment. Most RE professionals, and others, qualify as active and are not hindered by the inactive investment classification.
Does an IRA CD qualify for the federal income tax deduction as an IRA contribution?
It qualifies you as someone who supports terrorism. You won't get a deduction on your taxes, but you may get an extended holiday in Cuba! :)
Is cash flow from investment the same as net capital expenditure?
It depends on the line items that are recorded to arrive at the cash flow from investment figure. Certain line items might not necessarily qualify for the computation of net capex, for example if a company records say a loan to one of its associate companies in the cash flow from investment segment. Barring such occurences, cash flow from investment will indeed be the same as net capex.
Can an individual or business receive a tax deduction if contributing to an organization whose charter states they are for religious or charitable purposes but who does not have 501c3 status?
No. In order for contribution to be tax deductible, the organization must be a 501(c)(3) corporation approved and up to date with the IRS. Any other organization does not qualify for contributions to be deductible.
Do the Thurstons qualify for the retirement savings contribution credit?
no
How to qualify for scholarships in Michigan?
In Michigan there are many different scholarships that you could apply for. There is a list of scholarships available at http://www.scholarships.com/financial-aid/college-scholarships/scholarships-by-state/Michigan-scholarships/ which also outlines the criteria required to qualify for them.
what banks do i qualify for?
Normally if you are 18 or older you do not need to qualify to become a customer of a bank. Some banks (investment banks) do not do consumer accounts.
Can you collect unemployment if you live in Indiana and got laid off in Michigan?
Because Michigan is the "liable state" you'd have to qualify for their benefits.
Does farming qualify non residents to receive a green card under the Investment category?
yes!
How do I find out if I qualify for grants through the Cherokee Tribe?
Only members of the two federally recognized tribes qualify for grants, or grant status. So, if you have a tribal membership card you qualify.
What are 3 factors limiting the growth of industry in Latin America?
Political unrest, low education levels and low internal investment (i.e. high dependency on foreign investment) qualify as such.
Does Michigan unemployment allow you to collect Social Security too?
Yes, as long as you qualify for each of them individually.
When did IRAs change from pretax to post tax?
Only when you do not qualify to deduct your contribution from your total income an pay have to pay the income in the year of the contribution then you would have a post tax contribution amount in your IRA account after income tax cost basis in your IRA account.
Does a BS degree in electrical engineering technology qualify for an undergraduate degree for law school?
Yes, it certainly can qualify you! That is what my bachelor's degree is in and I attended law school. I am admitted to the bar in the state of Michigan.
How do presidential candidates qualify for federal election funds?
Presidential candidates qualify for Federal election funds by registering for them. The candidates must raise individual contribution funds of $5000 in 20 of the States to receive matching funds.
What is the amount that you should have to qualify to keep an investment property?
IF you have an investment property the property is yours as long as you own it or can keep up the mortgage payments on it. It would also become a asset that may be ceased if you were made bankrupt.
