updates
What is resident status in Japan?
Status of Residence is the legal status under which a foreign national is permitted to stay in Japan. Your status is written on your passport. You cannot ...
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general
Can a trust distribute stock to a beneficiary?
This law allows a trust to distribute appreciated assets in kind while treating them as having been sold. This way, the trust would in fact distribute sto...
news
Is it good to work for a tech company?
You’ll Learn New Skills. Especially if you’re not already a developer, working at a tech company can be an incredible learning experience. There are often...
news
Do LLC owners have limited liability?
Like a corporation, LLCs provide their owners with limited liability in the event the business fails. But like a partnership, LLCs “pass through” their pr...
news
Are Texas school districts tax exempt?
State and Local Government – Texas state and local government, their agencies, departments, school districts and other political subdivisions are exempt b...
general
What does it mean when it says the IRS has accepted your return?
When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection....
general
Can you get OAS if you have RRSP?
RRSPs are only tax-deferred and taxes are due at withdrawal. Depending on your circumstances, the reduction in RRSP funds available later on may maximize ...
general
Do full ride scholarships cover living expenses?
A full ride scholarship is an award that covers all expenses related with college. This includes tuition, books, fees, room and board, and possibly even l...
general
Is it a good idea to prepare your taxes twice?
The Rejection Once someone files a tax return electronically under your Social Security number, the IRS database flags the number, preventing you from fil...
general
How does congestive heart failure affect the elderly?
Early signs of heart failure in the elderly are similar to those found in other age groups, which include worsening or shortness of breath, fatigue, bloat...
updates
Do management fees require a 1099?
If you use a property manager, you will need to file a Form 1099 for their service fees (not including reimbursed expenses). You must also supply a form W...
general
Does the state of Maryland require a business license?
A business license is required for most businesses, including retailers and wholesalers. A trader’s license is required for buying and re-selling goods. A...
general
What is ITC investment tax credit?
The Investment Tax Credit (“ITC”) is a 30 percent federal tax credit for solar systems on residential (under Section 25D) and commercial (under section 48...
