What is recapture?
Fill in the blank(s) with the appropriate word(s).
A recalculation of a tax liability in order to remove a deduction (or other tax benefit) to which the taxpayer was not entitled.
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Paralegal Susan prepares a letter for her supervising attorney in which they forcefully request that the addressee pay sums due under a contract between the addressee and their client. What type of letter has paralegal Susan drafted?
a. An informative letter b. A confirmation letter c. An opinion letter d. A demand letter
According to the U.S. 2010 census, how many children live in a grandparent-headed household?
a. 100,000 b. 2 million c. 4.9 million d. 10 million
If the court imposes a “resulting trust” on a property, it is creating:
a. an express trust in which trust property is held for the benefit of the persons who paid for the property. b. a bailment. c. an implied trust in which trust property is held for the benefit of the persons who paid for the property. d. both b and c
The FOIA requires that all agencies maintain and make available for public inspection and copying a current index of materials required to be made available or published. This index must be published at least:
a. monthly b. quarterly c. semi-annually d. annually