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What is a federal consolidated group?
An affiliated group of US ‘includible’ corporations, consisting of a parent and subsidiaries directly or indirectly 80% owned, generally may offset the pr...
Category: General
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How do you pass the Physical Presence Test?
To pass the Physical Presence Test, your situation must reflect all of the following: You must be a US citizen or a resident alien. You must be outside of...
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What is the best way to borrow money to buy land?
The best options to finance a land purchase include seller financing, local lenders, or a home equity loan. If you are buying a rural property be sure to ...
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What is the deadline to pay Utah State taxes?
July 15, 2020 Tax Filing and Payment Information State Income Taxes: By Utah statute, individuals have the same deadline to file and pay their 2019 taxes ...
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What is the first step in the payroll process?
The first step of the payroll process is to calculate an employee’s gross wages. You can do this by entering numbers into your payroll system. Determine h...
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How do I get my tax return forms?
You can call 1-800-TAX-FORM (800-829-3676) Monday through Friday 7:00 am to 10:00 pm local time – except Alaska and Hawaii which follow Pacific time – to ...
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Do registered agents handle annual reports?
Your registered agent is your official representative These mission-critical documents include annual report notifications and forms, as well as tax forms...
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What is the difference between 1120c and 1120S?
C corporations: C corps are separately taxable entities. They file a corporate tax return (Form 1120) and pay taxes at the corporate level. S corporations...
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What are the general principles of income taxation?
In The Wealth of Nations (1776), Adam Smith argued that taxation should follow the four principles of fairness, certainty, convenience and efficiency. Fai...
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Does 401k withdrawal affect home loan?
Generally, employees can borrow up to 50 percent of their vested balance. Sometimes a dollar amount cap is placed on the loan. For example, if your 401k a...
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Can I settle Judgements for less?
A creditor may agree to settle the judgment for less than you owe. This typically happens when the creditor thinks you might file bankruptcy and wipe out ...
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How do I incorporate myself in Delaware?
How to Form a Corporation in Delaware Choose a Corporate Name. Prepare and File Certificate of Incorporation. Appoint a Registered Agent. Prepare Corporat...
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What is the Utah Residential mortgage Practices Act?
Allows the Utah Division of Real Estate (Division) to issue citations for originating a loan without a license under the RMPLA; Permits the Securities Com...
