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Can you claim a racehorse on tax?
The tax benefits of owning a racehorse(s) as a hobby include: All winnings are not taxable. Non-residents are not taxed on any capital gains made. Horses ...
Category: General
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Can you sell your house before you die?
If you sell your parent’s house BEFORE death, then you can avoid paying taxes. (Note: consult an accountant and your estate attorney for advice.) But, you...
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How much can you sell a small business for?
A business will likely sell for two to four times seller’s discretionary earnings (SDE)range –the majority selling within the 2 to 3 range. In essence, if...
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Do I pay taxes if I reinvest stocks?
Capital gains generally receive a lower tax rate, depending on your tax bracket, than does ordinary income. However, the IRS recognizes those capital gain...
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Can I buy an iPad through my business?
“The short answer is ‘yes’; iPads and other tablets and accompanying data charges can be claimed as a legitimate business expense,” explains James Abbott,...
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How can I make registration process easier?
How to Make Registration Easier and Stop Losing Customers Assess your registration process. Determine how site visitors turn into attendees. Test your reg...
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Why would you choose an C Corporation?
Why choose a c corporation? C corporations provide limited liability protection to owners, who are called shareholders, meaning owners are typically not p...
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Can retirees live on base in Germany?
If you wish to retire in Germany and are no longer associated with the U.S. military, you will lose your SOFA status and consequently will become a touris...
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What is a non taxable gift?
In 2020 and 2021, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. If you give more than $15,000 in c...
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When can we expect to see your tax return?
When to Expect Your Refund Refunds are generally issued within 21 days of when you electronically filed your tax return or 42 days of when you filed paper...
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Do medically discharged soldiers get paid?
Members who are found medically unfit from conditions incurred in the line of duty will receive medical discharge with a lump-sum severance payment if the...
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How long are NY State checks good for?
A check as old as 10 years can be cashed in NY, but banks can, and frequently do return them after they are 180 to 12 months old. You should take the chec...
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What can you claim when buying an investment property?
Investment property tax deductions: what you do not want to miss… Rental advertising costs. Landlords need to find tenants or re-let properties and do so ...
