education
When do you report the sale of an inherited home?
When you file your taxes, you will use IRS Schedule D to notify the IRS of the sale and the gain or loss you received. You attach Schedule D to your perso...
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Education
education
Where can I get tax clearance certificate in the Philippines?
Obtain Tax Clearance Certificate: Apply for the Certificate of No Tax Liability. Visit your RDO Office Locations with the required documents. Obtain Tax C...
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education
How can C corporations avoid taxes?
Owners of C corporations who wish to reduce or avoid double taxation have several strategies they can follow: Retain earnings. Pay salaries instead of div...
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education
Why was my stimulus check returned to the IRS?
According to the IRS, if you see the notice “Need More Information” after using the “Get My Payment” tool, your stimulus check was returned to the IRS “be...
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education
How do taxes work with LLC?
An LLC is typically treated as a pass-through entity for federal income tax purposes. This means that the LLC itself doesn’t pay taxes on business income....
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education
Do you have to register as a sole proprietorship?
#1 Registering your sole proprietorship as a DBA is the easiest and most affordable way to attract business and get recognized by customers. By taking thi...
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education
What do I need to do when moving into a new rental?
Follow this easy checklist for a smooth move into your new home: Sign the lease. A tenancy agreement or lease outlines the rights and responsibilities tha...
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education
Is Cash us a situs property?
Cash in a U.S. bank account is not a U.S. situs asset for estate tax purposes. In contrast, for gift tax purposes, U.S. situs assets include only real est...
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education
Are attorney fees considered damages?
[1] Ordinarily, fees paid to attorneys are not recoverable from the opposing party as costs, damages or otherwise, in the absence of express statutory or ...
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education
Is an ex-spouse entitled to an IRA after divorce?
Divorce does not usually change a beneficiary designation unless the divorce decree makes a stipulation to change it. By addressing the issue of IRAs as p...
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