So last year i successfully claimed my 2 children and recieve a large tax return….11 thoushand to be exact.now that my job has canned me im on unemployment and cant claim the children this year.My question is my children and i live with their grandmother.She also lost her job but got a new job roughly 5 months ago.Her income is around 20K but not more than 30K.She has been supporting my children 50% or more of the year….but my question is….since shes only worked 5 months out of the year does that not allow her to claim them even tho she HAS supported them for pretty much the whole year.(from saved money).Last time i tried posting a question like this i got alot of negative answers and alot of nay sayers….and just alot of people who dont know what they are talking about.And they were proven wrong….horribbly…i need a direct answer from someone who KNOWS what they are talking about this time.
Thanks in advance
A person does not have to work even one day or have any income to claim a child. Your statement "it was $4,000" is false. It is not $4,000. It is not $1. Even if you have $0 in income, you can still claim your children, if you wish to do so, you meet all of the actual requirements (none of which involve working or making money), and the other parent is not entitled to claim them.

Although you may be ineligible to claim your children for some other reason, not having worked and not having income does not keep you from claiming them. Although their grandmother may be ineligible to claim your children for some other reason, not having worked more than 5 months does not keep her from claiming them.

If the children also lived with their father for more than 1/2 of the year and he wishes to claim them and had more income than you, then he claim them and you and the grandmother may not. If the father is allowed to claim them under the rules for children of divorced or separated parents and he wishes to claim them and had more income than you, then he claim them and you and the grandmother may not.

If the father is not allowed to claim the children or decides that he does not wish to claim them, then either you or the grandmother (but not both) may claim them.
Before you accidentally set grandma up for fraud, get IRS publication 501 and READ it very carefully.

The huge refund is when the children live with you for more than 6 months and the children do not support themselves.

If everyone lived together, then yes, the children can potentially be claimed by grandma.
someone certainly needs to claim them,go to search and type in earned income credit which is what you got last year.She can claim the grandchildren.If she has provided for their support for at least 6 months of the year then she can claim them.I claimed my grandson who lived with me.if ou like u can also called an agent at say…H&R block and they can tell you.

"If a company reports a loss of $15,000 and total expenses of $310,000, its revenues…"
a) $295,000
b) $310,000
c) $325,000
d) $280,000
e) not enough information given

-I say "E", but I have a little wager w/ a friend who says "A". -Only $10 @ stake, but I hope I am right!
Sorry, pay your friend.

The correct answer is A - $295,000

Calculated as $295,000 - $310,000 = -$15,000 (loss)

Do banks (Bank of America in particular) have to take your rolled coins and give your paper money for them? Just wondering before i walk up to the bank with all this change just to get there and they say no.
I believe they do this for you, yes.

Can a debt collection business collect debts that it owned as a result of buying checks written on accounts with insufficient funds (also known as NSF checks) without abiding by the rules under the FDCPA? Does the debt collecting business fit the profile of collection agencies that must abide by the FDCPA?

In a nutshell, can a debt collecting business collect NSF checks that it bought, and break rules that it would be forced to follow under the FDCPA? Why or why not?
Third party collection agencies must abide by the FDCPA. But make sure you really understand what the FDCPA requires. There are a lot of "credit" sites attributing all sorts of things to the FDCPA that are not required.
All debt collection company's have to follow the laws under the fdcpa as they are set up by the government to protect consumers rights. It doesn't matter what they are collecting debt collectors are the same.
They are a third party. They are required to follow the fdcpa.

Hey everyone!! I am going to Indigo (Book store) tomorrow and I am going to be looking for some good, informative books on entrepreneurship/patenting product ideas….can anyone recommend any GREAT books on these topics? If so, please tell me the Author's name as well if possible. I would really appreciate some nice recommendations….thank-you very much =)
Great question. My hands-down favorite book on entrepreneurship is "Art of the Start" by Guy Kawasaki. This book was recommended to me when I writing a business/financial plan for a multi-million dollar music industry start-up. Guy Kawasaki was former software evangelist for Apple and now runs a venture capital firm. The book is unconventional, opinionated and witty but I feel Guy Kawasaki really knows what he is talking about. He also has some great resources on his website and you can find some of his presentations on YouTube.

Another good book, I recommend it is a supplemental book, is "Why Entrepreneurs Fail: Avoid the 20 Fatal Pitfalls of Running a Business" by James Halloran. It is fairly old (1990, i.e. pre-internet) but the principles and insights are excellent.

As far as patenting, it depends on what you are looking for. Patent It Yourself by David Pressman is a great resource if you looking to write your own patent or just understand the patent process.

Happy reading!

what education do you need to be in the business?
Waste management is the study of finding ways to deal with trash.

As for what education you need to be in this business, that depends on what you intend to do. If you want to be the person who picks up the trash or drives the trash truck, you don't need any education at all. If you want to run a company, I would think that a civil engineering, mechanical engineering or accounting background would be helpful, but not necessary.
Waste management is dealing with garbage.

hi, i am a 19year old student in phoenix. I will be receiving money in january from an insurance thing… im gonna have around 45 up to 50 thousand dollars. At first i was thinking about just put my money on a account and buy a new car and pay my school for the rest of the year and simply enjoy life. but this morning i saw that a house in ahwatukee was solded for 40 thousand dollars in foreclosure, but the real value of this house is actually 170 thousand dollars it is like 130 thousand dollars down the real value . so i was thinking should/ can i buy a 30 or 40 k house in foreclosure and resale it after at the real market price ?
what are the risk ?
what i will have to pay for buying the house ? (only the price or tax .. )
and where can i get advice ?

I just dont want to spend my money in stupid things and maybe start my life with this little capital and make it grow .. is this a good idea ?

sorry for my grammar mistake. English is not my first language and i am still learning it in college. thanks .
I'd be very careful here. . . .

A home is worth what a ready willing and able buyer will pay for it. For a home to sell 100k under what it's worth is just not realistic. If a home is priced that low there will be multiple offers and more than likely it will sell far above asking in your example. It could be that that home was worth 170k 2 years ago but in today's market is worth much less. Or maybe that the home needed some work to be done on it. Most likely a combination of both. At any rate you will want to contact a local real estate agent to help you determine all of this. Dont contact the listing agent ask someone you know to give you the name of a good Realtor.

Risk - you pay 40k for the house and cant sell it for enough to cover all your costs.
Market Price - call a realtor
Cost - there will be additional costs. Every transactions different the realtor should be able to help you.
Advice - call a Realtor!

This isn't a bad idea, but you need to completely know what you are getting into. It's not as easy as the info shows on TV make it sound. There are many people who have lost money doing what you are suggesting.

You might consider buying the home and living there for 3 years, because you may be eligible for the first time home buyer tax credit. For more info on that http://www.jeremydrobeck.com/taxcredit
There is a property flipping rule, you have to own the home for 6 months before a mortgage company will do a loan for your buyer. So the only way to do that is if your new buyer could pay cash. Keep in mind that most homes like the one you talk about above need a LOT of work! Normally to get a regular mortgage the home must be in good enough condition to pass inspections.
There is likely a really good reason that it's listed so low. Try and find out what kind of damage the house has first. You'll probably find there are expensive issues that would need to be dealt with before a resale at full market value could happen.

One thing to keep in mind is that you likely couldn't turn around and flip it the next day. For financing for your buyer, FHA and conventional loans won't finance a home that has been purchased in the last 90 days. The seller has to own it for at least 90 days, and if it's less than a year owned, they usually require 2 independent appraisals to support the higher value.

Many banks are talking about computer qualification/ computer literacy certificate. I'm an Engineering graduate(ECE), & we had to do many works on computer, MS Office, internet etc. Shall I have to produce any separate certificate for my 'computer qualification' , or the 'graduation certificate' will do ?
This requirement depends on Bank to Bank. Read the ads very carefully in employment times. Some banks require you to have a separate qualification in computers like MS Office etc before you join them.
Some Banks require that you possess this qualification at the time of applying & some might give you a time period of say 6 months after joining to acquire this qualification. Some Banks will waive this condition if your marksheets show that you have studied computers as a subject separately. So read carefully and confirm. If you have any other doubt give me a mail on akshayjain25@gmail.com. Remember a slight mistake on your part will leave you disqualified.

My mom's friend has a account with dell, she bought 1 pc which came to her address in NY then she bought a second pc which came to my address in NJ, the i asked her if i could buy a laptop for my self and ill make the payments for the laptop, then she bought a notther pc that came to my Address in NJ because she wasn't home , she paid of her PC's and told me if i want i could change the billing to my address so i could finish paying my laptop, now she bought a Xbox from Dell for her son that came to my address and i got a nother laptop for my wife..Last week she left the country for good …my question is what would happen if i stop paying DELL since the Billing address is on my name now and shipping and the account is on her? just wondering if i could get away with it with out paying which i have no problem with..
You mom's friend credit will be ruined.

You also must consider when they begin looking for someone to pay the bill, they will come to you. Dell approved your moms friend a charge account. Not her, not you. You both committed fraud when you used the account. You represented yourself as the account holder when you made the purchases.

It should be fairly easy for Dell to prove and press charges. They have your address as the billing and shipping address.
it still stays with the original account holder which is your mom.

I am having a very VERY difficult time finding the current ratio for this stupid word problem! I need to find the current ratio for a company that has the following in assets and liabilities.

Buildings = $25,000
Accounts Receivable = $27,000
Inventory = $80,000
Cash = $24,000
Equipment = $33,000
Land = $40,000

Accounts Payable = $14,000
Notes Payable (due w//in one year) = $24,000
Notes Payable (due beyond one year) = $120,000
Accumulated Deprication of Equipment = $12,000

-I also need the working capital.

I hate word problems w/ a passion, and I have been trying for about an hour to make it work properly! If it were mulitple choice, I would have a better idea, of the answer.
I am now desperate!
Answer:

Current ratio = current assets / current liabilities = $131000 / $38000 = 3.45
Working capital = current assets - current liabilities = $131000 - $38000 = $93000

Current assets:
Cash
Accounts receivable
Inventory

Current liabilites:
Accounts payable
Note payable (due within one year)