global news
What happens to mail during change of address?
If you feel like living on the edge and forgoing the whole change of address process, the post office will collect your mail and store it for a maximum of...
Read Journal Category
Global News
global news
How do I get an ITIN number in NJ?
How do I apply for an ITIN? Complete IRS Form W-7. The W-7 is a one-page form. File a valid federal income tax return. This will probably be IRS Form 1040...
Read Journal
global news
Can an LLC pay a mortgage?
An LLC can deduct interest paid or accrued for mortgages or loans as long as the LLC uses proceeds for business purposes. Does refinancing affect property...
Read Journal
global news
How are gambling winnings and losses reported on taxes?
If tax is withheld from your gambling winnings, you will be sent a W2-G form from the payer. You may deduct gambling losses if you itemize your deductions...
Read Journal
global news
Can an S Corp own a foreign subsidiary?
No Foreign Subsidiaries An S corporation can legally own a foreign subsidiary, but the foreign subsidiary cannot achieve QSub status. An S corporation mus...
Read Journal
global news
What happens when an apartment building is sold?
When an apartment building sells, new landlords frequently make changes. While frequently a number of minor administrative changes are made, most tenants ...
Read Journal
global news
What if I buy a car out of state California?
However, if you purchase your out-of-state vehicle in California, and plan to drive the car from the dealership, you must pay California’s sales tax. You ...
Read Journal
global news
What is a retirement income statement?
Your Retiree Account Statement (RAS) is a two-page document issued by DFAS that summarizes your pay, benefits and deductions at a specific point in time. ...
Read Journal
global news
Is Schedule E income considered earned income?
IRS Schedule E is the form where you will report “supplemental income and loss” related to rental real estate, royalties, estates, trusts, partnerships, a...
Read Journal
global news
How do I contact local Red Cross?
Finding your local Red Cross chapter. Reporters Working on Deadline. Training and Certification: Course offerings are available at For additional assistan...
Read Journal