updates
Can I file taxes for my deceased sister?
All income up to the date of death must be reported and all credits and deductions to which the decedent is entitled may be claimed. If the decedent is du...
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How much short-term capital loss can you carry over?
Limit on the Deduction and Carryover of Losses If your capital losses exceed your capital gains, the amount of the excess loss that you can claim to lower...
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What is contract work pay?
What is a Contract Job? On a contract job, an employee works for a staffing firm on a W-2 basis under the direction of the client company for a predetermi...
general
Are restricted stock units issued immediately?
RSU shares are not issued to the recipient until they vest. When a company grants RSUs, they are promising to issue those shares at a later date based on ...
updates
What constitutes a gift for gift tax purposes?
The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. You make a gif...
general
Can a company let you go for medical reasons?
If you are persistently off sick, or on long-term sick, your employer should normally look at any alternatives before deciding to dismiss you. For example...
updates
Does form 5471 have to be filed every year?
When a U.S. person must file an IRS Form 5471 (an information return) under IRC 6046(a), it is filed by attaching it to an individual income tax return, a...
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What is the repayment period for 401k loan?
five years How long do you have to repay a 401(k) loan? Generally, you have up to five years to repay a 401(k) loan, although the term may be longer if yo...
general
What are regional managers responsible for?
A Regional Manager is responsible for a company’s overall business operations within a particular area or region. Most of the duties will revolve around s...
updates
How do brokerage accounts work with taxes?
Any income you earn in a taxable brokerage account is taxed when the income is realized. If you sell a stock at a gain, that gain is taxable. If you earn ...
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Can you collect Canada pension and Social Security?
If you have Social Security credits in both the United States and Canada, you may be eligible for benefits from one or both countries. However, to be elig...
general
How did Peter Thiel turn 2000 in a Roth IRA?
Roth individual retirement accounts were created to help middle-class earners set aside money for retirement with no taxes due upon withdrawal. But PayPal...
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Can military buy cars tax free?
Military personnel, stationed in California are exempt from payment of the vehicle license fee (VLF) on any vehicle owned or leased and registered in Cali...
