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IRS-Joint Filing

Filing jointly for an income tax return is common among spouses, both assuming that since they are married and collectively own their possessions. There is a lower tax liability for those who file jointly. This filing status also assumes that both spouses are liable for anything that may occur from the tax return. Under the …

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Is Your Letter of Intent an Enforceable Contract?

A contract is a binding agreement creating an obligation enforceable by law between two or more parties. It requires an offer, an acceptance, consideration, and mutual assent which those involved intend to be bound by the terms of the contract. A letter of intent containing those essential requirements can become subject to an enforceable contraction. …

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