local updates
Can a LLC elect to be a S corporation?
An LLC may to elect to be an S corporation only if it meets all the following tests. It is (a) a domestic corporation, or (b) a domestic entity such as an...
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health
Is credit card interest ever tax deductible?
You’re allowed to take a tax deduction for some types of interest payments, but unfortunately, credit card interest is not among them. The tax code classi...
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arts
Does a deadbeat dad have rights?
Even if you are the non-custodial parent, you still have an absolute right to decide your child’s schooling, medical care, and other important life decisi...
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science
Can you claim spousal spouse for non resident in Canada?
To support a spousal tax credit claim for a non-resident spouse, you must provide with your income tax return proof of the amounts contributed as support....
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technology insights
Should inheritance go into a trust?
If your assets amount to a small amount of money, then an outright inheritance is likely your best bet. On the flip side, if your assets amount to a signi...
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local updates
What happens if I use my 401k to buy a house?
Amounts withdrawn from your 401(k) plan and used toward the purchase of your home will be subject to income tax and a 10% early-distribution penalty (if y...
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global news
How do I pay my business taxes in Utah?
Please contact us at 801-297-2200 or [email protected] for more information. Taxpayer Access Point – TAP – Register your business, file and pay taxes...
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science
Why is my disability check less?
Your Social Security check will decrease if you owe certain debts like back taxes or student loans. Taking your Social Security benefits early can reduce ...
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technology insights
How many days do you have to live in Nevada to be a resident?
Once you’ve found a place in Nevada that suits you, it’s time to rent your space for at least 30 days. How do I change my residency from California to Nev...
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science
In what order should I change my address?
This change of address checklist will fill you in on who you need to give a heads up to about your new home. The post office. Tax agencies. Social Securit...
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