updates
Do you pay tax on real estate commissions?
Generally, there are no payroll tax consequences for the commission paid under an external conjunction arrangement. Do you pay commission when you buy a p...
Category: Updates
updates
Can a Dutch citizen live and work in Switzerland?
Most EU/EFTA citizens – and their relatives or partners – can live and work in Switzerland without restrictions, but need to obtain a residence permit. EU...
updates
What are the four foreign tax credit limitation categories?
31, 2017, Sec. 904(d)(1) now provides four limitation categories: (1) any amount includible in gross income under Sec. 951A (other than passive category i...
updates
Are 1099 contractors self-employed?
The earnings of a person who is working as an independent contractor are subject to Self-Employment Tax. If you are an independent contractor, you are sel...
updates
How do I find my acquisition date?
The acquisition date is the date on which an acquirer takes control of a target company from its former shareholders. The acquisition date is stated in th...
updates
Do you get your money back if a Kickstarter fails?
To answer that, you need to know what failure means. Kickstarter operates on a All or Nothing Model, which means if you meet your funding goal, you get al...
updates
What happens to rented property when owner dies?
If a landlord dies the tenancy does not end. It becomes part of the landlord’s estate, just like the landlord’s other assets and after Probate has been gr...
updates
Can you deduct repairs on your home?
If you use your home purely as your personal residence, you obtain no tax benefits from repairs. You cannot deduct any part of the cost. Examples of repai...
updates
Why would a judge grant 50/50 custody?
There is no set age for when a father will be able to obtain a 50 50 arrangement with his child. This is because most judges believe that a child should s...
updates
Do I need to file 941 quarterly?
Generally, you must file Form 941, Employer’s QUARTERLY Federal Tax Return or Form 944, Employer’s ANNUAL Federal Tax Return to report wages you’ve paid a...
updates
What is the standard deduction for single head of household?
$18,650 For single taxpayers and married individuals filing separately, the standard deduction is $12,400 for tax year 2020. For heads of household, the s...
updates
Is a company that pools money from many investors?
What are mutual funds? A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and shor...
updates
What taxes are withheld from an independent contractor?
Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You...
