arts
Who immigrated to Canada in the 2000s?
2000 – Right of Landing Fee (now Right of PR fee) is eliminated for refugees. 2001 –250,000 immigrants came to Canada: – 66,000 family class -140,000 skil...
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technology insights
Can you deduct imputed interest?
If the loan is a below-market loan—one bearing an interest rate below the IRS-set applicable federal rate—then imputed interest results. This means the le...
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culture
How do I fix my efile?
To fix this, all you need is an e e-file PIN or your Adjusted Gross Income from the prior year. Request an e-filing PIN from the IRS, enter this PIN into ...
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business
How are 1099-S received for sale of deceased parents home?
1099-S Received for Sale of Deceased Parents Home…Taxable? You will enter the sale of an inherited home in the Investment section. Gain/loss will be compu...
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business
How do I enter k1 on TurboTax?
To enter information from a Schedule K-1, please follow these steps: Click on Federal Taxes > Wages & Income > I’ll choose what I work on. In Tu...
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local updates
What happens when you hit the jackpot at the casino?
You’re going to have to pay tax on all of your winnings, and the casino will issue you a W-2G form, a special IRS document designed specifically for “cert...
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global news
Can a husband get maintenance from his wife?
Yes, if men cannot support themselves financially, they can claim maintenance from their wives who are financially well-off and earning more than them. Th...
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culture
Do you get a lump sum for severance?
The employee receives one lump sum severance payment in the amount of notice owed. It is worthwhile to note that the dismissed employee’s entitlements go ...
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education
Are student accounts available to international students?
There are two types of bank accounts an international student can choose from in the US: a savings account, and a checking account. A savings account woul...
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local updates
Is income from inheritance marital property?
In general, one spouse’s inheritance (as well as gifts given to one spouse) will remain separate property during a marriage in California. For example, if...
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