news
Can I take a loan to buy a house in Mexico?
Foreigners can secure credit with a Mexican bank of up to 70% of the property’s value appraisal. It follows the same steps to get a mortgage as a Mexican ...
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updates
Can businesses be combined on Schedule C?
Businesses run separately by two spouses are considered unrelated activities. If you are actively participating in one business but not in another, you ca...
news
Can you take private pension and continue working?
Can I take my pension early and continue to work? The short answer is yes. These days, there is no set retirement age. You can carry on working for as lon...
general
Do you have to pay taxes if you never worked?
Do I Still File a Tax Return? If you didn’t earn any income in the last tax year, you’re not obligated to file a tax return. The IRS has minimum income re...
updates
Can you claim part of your mortgage if you work from home?
If your home office is used exclusively and regularly for business purposes, you may be able to deduct a portion of your home-related expenses, such as mo...
news
Does Denmark have tax treaty with us?
The United States and Denmark have had a tax treaty for many years, but they did update their agreement in 2001. This current treaty sets maximum rates fo...
updates
What was the student loan debt in 2011?
Two-thirds of college seniors who graduated in 2011 had student loan debt, with an average of $26,600 per borrower. Meanwhile, unemployment for young coll...
general
Can medical insurance be claimed from 2 companies?
According to Medi-claim insurance rules, one cannot make claims with two insurance companies at the same time. If the claimed amount is higher than the su...
news
What are some types of deductions eligible for personal tax return?
You may be able to claim a deduction for expenses you incur that relate to your work, including: Transport and travel expenses. Clothing, laundry and dry-...
updates
Is there a tax advantage to divorce?
You can deduct alimony you pay to an ex-spouse if the divorce agreement was in place before the end of 2018. Otherwise, it’s not deductible (or taxable to...
updates
How do you market a consulting firm?
10 Effective Marketing Strategies for New Consultants Place Google and social media ads. Launch an email newsletter. Host events. Reach out to potential c...
general
Are wash sale losses gone forever?
Under the “wash sale” rule, you can’t deduct the loss if you buy the same stock within 30 days before or after you sell it. If you do buy the stock back w...
updates
What happens if you file Form 2553 late?
The consequences of a late S election or failing to file an S election can be severe. First, the corporation will be taxed as a C Corporation and subject ...
