For many people it is hard enough as it is to raise a child with the help of your spouse, but what if you are raising the child on your own? This is the case for millions of parents each year who have to raise their children without the help of a spouse or significant other. The cost of living is so expensive these days it can become very hard …

A Reader Asks…

In order to be considered a resident in another state for tuition purposes, I cannot be claimed on my parents taxes for two years. I was not claimed on the 2007 but how do we amend the 2006 taxes so I am not claimed as a dependent. Also, once the taxes are amened, will my parent received a new tax return notice that does not claim me as a dependent?

A Reader Asks…

Hi, Suppose a company has head office in India and a subsidiary company in USA.
How will tax be calculated for subsidiary company and parent company? Will subsidiary company have to pay taxes in USA and again in India? Will not it be double taxation? What does things work for multinational companies which have offices in so many countries?