general
What are the required sides of contract of sale?
A sale can be regarded as a transfer of goods in return of a price agreed upon. It is a contract between two parties, where one gets the possession of the...
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How do I report benefits repaid to Social Security?
Section 1341 Repayment – Claim of Right/Social Security Repayment reduce their income in the current year, deduct the amount repaid as a miscellaneous ded...
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Why is thinking difficult?
Negativity Bias. Our brain is wired to notice negative events more than positive events, which is why we give them more attention. Cognitive biases provid...
general
What is the most expensive instrument to learn to play?
cello The cello is the most expensive musical instrument to learn whilst the drums are the least expensive, followed closely by the guitar. What’s the mos...
general
Is NY Sui SDI tax mandatory?
Employers in New York are required by law to provide SDI (State Disability Insurance) coverage for eligible employees to cover Off-the-Job Injury or Illne...
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What does a gift letter mean for mortgage process?
As it applies to your mortgage, a gift letter is a note from the donor that says you don’t have to pay the money back. If you’re using gift money for part...
general
Can net rental loss be carried forward?
Individuals can generally carry forward a tax loss indefinitely, but must claim a tax loss at the first opportunity. You cannot choose to hold onto losses...
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How do I follow up my UIF payment?
How To Check UIF Claim Status Online Please visit Then click on check my status. Follow the instructions as they appear on your screen. Enter the Captcha ...
updates
Does Mexico have double taxation?
The United States – Mexico Tax Treaty covers double taxation with regards to income tax and capital gains tax, however, as mentioned earlier, due to a Sav...
general
Who is considered a minority shareholder?
A minority shareholder is a shareholder who does not hold majority control over a company (less than 50%). A majority shareholder, in contrast, holds over...
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Can I hire someone as a contractor?
The IRS considers that worker to be an employee unless you can prove otherwise. If you hire a new worker as an independent contractor and that person shou...
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How do I claim capital cost allowance?
To calculate CCA, list all the additional depreciable property your business has bought this year. Then, determine how much of the purchase cost of each p...
updates
When did Arizona start state taxes?
The provisions of this law were effective January 1, 1978. Laws 1978, Chapter 213 established a new income tax code for the State of Arizona which was to ...
