Tag Archives: About.com Inc

Common Law Divorce

Today TaxMama® hears from Susan in the TaxQuips Forum, with an unusual question.  “PA recognizes common law marriages if they started before ’05.  So, if they are now separated, are they doomed to the MFS status until a judge signs a divorce decree? Or, since nothing was filed with the state to begin with can […]

Foreign Tax Credit

Today TaxMama hears from Yannig in the TaxQuips Forum, who is frustrated. “I paid foreign tax on dividends and interest earned abroad. The gains from foreign interest and dividends are more than offset by losses on stocks. So my total passive income is less than zero. Does that mean my maximum foreign tax credit is […]