updates
Do you report own a house abroad?
IF you own your foreign real estate directly as an individual, there is good news. You do not have to report that property on Form 8938 or other FATCA for...
Category: Updates
updates
What happens if your parents give you a house?
Your parents can give their home to you as a tax-free gift if the transaction meets the Internal Revenue Service definition of a gift. Your parents must l...
updates
What is a typical commercial property management fee?
In general, commercial and multifamily property management fees will range between 4-12% of the property’s overall rent. However, in some situations, thes...
updates
How much do CPA bookkeepers charge?
At current market rates, you’ll find a range of hourly rates: Bookkeepers charge between $25/hr and $90/hr. Accounting work completed by a CPA, you’ll fin...
updates
How long do tenancy agreements last UK?
England and Wales These agreements start with a fixed term, typically lasting between six months and three years, although it can go up to seven years. Th...
updates
Do I have to declare gifts at Customs?
Gifts you bring back for your personal use must be declared, but you may include them in your personal exemption. Gifts intended for business, promotional...
updates
Can a 501c7 give scholarships?
Establishing the Scholarship Program When drafting the governing documents of a new 501(c)(3) organization that will make scholarship grants to individual...
updates
Do you get tax credit for church donations?
Churches are like other charities when working out if you can claim donations made to them. This means that your church needs to be registered as a deduct...
updates
Does Arizona tax active duty military?
Because Arizona does not tax your active duty military pay, you should subtract the amount of active duty military pay that you included in your federal a...
updates
Can you use Quickbooks for real estate?
Unfortunately, many real estate agents don’t know how to get started tracking their numbers. One easy-to-use tool to help you do this is Quickbooks. Quick...
updates
Is health insurance a deductible expense?
Health insurance premiums are deductible on federal taxes, as these monthly payments for coverage are classified as a medical expense. The general rule is...
updates
What was the first independent record label?
Sun Records The following is a list of notable independent record companies and the creatives/founders behind the labels: Sun Records (US, 1950– ); was th...
updates
Why would a corporation consider a convertible bond issuance?
Companies issue convertible bonds to lower the coupon rate on debt and to delay dilution. A bond’s conversion ratio determines how many shares an investor...
