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What is qualified Subchapter S trust QSST?
A Qualified Subchapter S Trust, commonly referred to as a QSST Election, or a Q-Sub election, is a Qualified Subchapter S Subsidiary Election made on beha...
Category: General
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Is the FBAR due date extended for 2021?
The 2021 FBAR Deadline for filing is April 2021, but is on automatic extension. The FBAR Deadline for 2021 is on automatic extension through October 15. I...
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Can you buy a house under one name?
One name on the property title but two on the mortgage Other couples choose to buy a property in just one name for asset protection reasons. The problem i...
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How much can you borrow against your 401k for a down payment on a house?
You can borrow up to $50,000 or half the value of the account, whichever is less, as long as you are using the money for a home purchase. 2 This is bette...
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Can an American move and live in Ireland?
US citizens can travel to Ireland without a visa for three months but any plan to stay longer than that and you have three main options: go to Ireland to ...
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Is it better to lease or purchase solar panels?
Solar leases provide much less in savings, and prevent you from taking advantage of many solar incentives. Unless you are not eligible for the federal sol...
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What is total annual taxable income?
Taxable income is a layman’s term that refers to your adjusted gross income (AGI) less any itemized deductions you’re entitled to claim or your standard d...
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What form of business organization is the best for a start up business?
If you want sole or primary control of the business and its activities, a sole proprietorship or an LLC might be the best choice for you. You can negotiat...
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Should exterior painting be capitalized?
Painting is usually a repair. You don’t depreciate repairs. However, if the painting directly benefits or is incurred as part of a larger project that’s a...
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How do you announce a new online shop?
The simplest and quickest way to initially announce your new online business is through social media. Many entrepreneurs get their first few sales from th...
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What is another word for tax write-off?
What is another word for tax write-off? depletion allowance subsidy subvention support tax benefit price support government subsidy economic support write...
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Can SSN be lost?
If your Social Security card is lost or stolen, you can replace it for free through the Social Security Administration (SSA) website, by visiting a local ...
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Does QuickBooks automatically make journal entries?
A QuickBooks Refresher on Journal Entries. and the back-end journal entries are created automatically. When a transaction is entered directly into a non-b...
