environment
How do I update my 501c3?
An exempt organization that has changed its address must report the change on its next annual return or information notice (such as Form 990, 990-EZ, or 9...
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technology insights
How do I file my final report in Delaware?
How to File Your Delaware Annual Report Determine your filing fees, franchise tax (if applicable), and due date. Complete your report online and pay any n...
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global news
How do you determine a reasonable salary?
Several factors determine reasonableness of compensation: the employee’s qualifications; the nature, extent, and scope of the employee’s work; the size an...
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health
What is passive active loss?
Passive activity loss rules are a set of IRS rules that prohibit using passive losses to offset earned or ordinary income. Passive activity loss rules pre...
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global news
Can a Delaware limited partnership have one partner?
A Delaware Limited Partnership refers to a business entity in the state of Delaware that consists of at least one general partner and at least one limited...
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science
Can property be sold in cash?
Receiving cash for sale of immovable property is illegal. It does not matter if you register it with correct amount or you deposit it in bank account. Rec...
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local updates
Do you have to attach a copy of your K-1 to a 1041?
You must furnish a copy of each K-1 to the appropriate beneficiary, and attach all copies to Form 1041 when you file the return with the Internal Revenue ...
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health
How much can you write off for education expenses?
How it works: You can deduct up to $4,000 from your gross income for money you spent on eligible education expenses in tax year 2020. These expenses inclu...
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science
Will student loans be taken out of 2020 taxes?
The March 2020 CARES Act put a pause on federal student loan payments and interest, and it’s since been extended under President Biden through Sept. 30, 2...
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arts
Do stock splits affect capital gains?
Stock splits are generally not taxable, as the cost basis per share is updated to reflect the new stock structure and price so that the total market value...
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