The Importance of Understanding the Agreement When buying or selling a home, one of the most important documents you will sign is the Offer to Purchase and Contract. This is a legally binding document that details the terms and conditions of the transaction, and also sets a fixed timeline for the closing. Often, the contract …

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How do you determine who receives the dependency exemption for the children?           To claim the dependency exemption the parents must be divorced or separated, have a separation agreement or have lived apart during the last six months of the year. Generally, only the custodial parent may claim the dependency exemption. Custody …

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