news
What is a traditional rollover?
A Traditional (or Rollover) IRA is typically used for pre-tax assets because savings will stay invested on a tax-deferred basis and you won’t owe any taxe...
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general
Can a C Corp buy a house?
An S corporation, C corporation and a limited liability company (LLC) can all buy real estate, and these business entities shield your personal assets fro...
general
What are the elements of domicile?
The two requisites for a fresh domicile are residence and intention. It must be proved that the person in question established his residence in a certain ...
news
How long do you have to be together for common law marriage in Utah?
one year One important rule to note, which is specific to Utah, is that in a common-law marriage, a party must petition the court to recognize that a marr...
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How long does a business EIN last?
Fortunately, an Employer Identification Number (EIN) issued by the IRS never expires. In some cases, however, you will need to apply for a new EIN. Does m...
general
How long do you have to be separated to file single on taxes?
Filing as Head of Household if You’re Separated You might qualify as head of household, even if your divorce isn’t final by December 31, if the IRS says y...
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Does everyone get a 1099 s?
Keep in mind: A 1099-S is NOT required if the transaction is for less than $600 (and it’s not uncommon to find acquisition opportunities in the price rang...
news
How do I remember my dead father?
5 Ways to Keep Your Father’s Memory Alive Pass along favorite stories and songs. Many people find it difficult to talk about their father who has died. Cr...
general
Is an estate account taxable?
Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. However, any subsequent earnings on th...
updates
What is etiquette for a second wedding?
The responsibilities for the wedding party would remain the same, according to second wedding etiquette: host a shower, attend pre-wedding festivities, an...
general
How fast can I start a nonprofit organization?
If you file Form 1023, the average IRS processing time is 3-6 months. Processing times of 9 or 12 months are not unheard of. The IRS closely scrutinizes t...
updates
How do I correct my Social Security on my tax return?
Report any change to the Social Security Administration by visiting their website or calling them at 800-772-1213 (TTY 800-325-0778). Note: The spelling o...
general
What is ROC for contractors?
In some states, the licensing bureau is called a registrar of contractors, or ROC. Regardless of what they are called, these licensing departments set the...
