technology insights
Can islands be bought?
Islands can be sold in two different ways. A freehold island, which is much more common in the Caribbean, North America, and Europe, can be bought outrigh...
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Technology Insights
technology insights
Do you have to pay tax on capital gains when you sell property?
With long-term capital gains, you get the benefit of a reduced tax rate that typically doesn’t exceed 20%. If you’re selling a residence or investment pro...
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technology insights
What is reasonable rate for reading tutor?
If tutoring students in reading, you should charge between $15 and $50 per hour. This is very much going to depend on how old the student is. If they’re y...
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technology insights
How do I update my address and bank account with the IRS?
You can update your address in five ways: In-person by visiting a local IRS office. By calling 1-800-829-1040 from 7 a.m. to 7 p.m. local time. By filing ...
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technology insights
What is a donation type that a nonprofit business can receive?
There are two types of donations that can be made to a 501(c)(3). A cash donation is the transfer of funds to a nonprofit. An in-kind donation is the tran...
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technology insights
Do window cleaners need public liability?
Public liability cover protects members of the public from any injury or illness they gain as part of your or your business’ actions. So as a window clean...
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technology insights
How does a LLC affect your personal taxes?
A benefit of LLCs is they don’t have to pay a business income tax, as the IRS doesn’t look at them as being an individual entity when it comes to tax purp...
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technology insights
Can I gift mutual fund shares?
You may want to give investments in the form of a mutual fund, instead of individual stocks. Some companies, like Vanguard, will allow you to transfer mut...
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technology insights
Can an LLC file a late S Corp Election?
If a business has a reasonable cause for not filing Form 2553 on time, the IRS may approve the S Corp election retroactive to the start of the LLC’s or C ...
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technology insights
Are there estate taxes on trusts?
They give up ownership of the property funded into it, so these assets aren’t included in the estate for estate tax purposes when the trustmaker dies. Irr...
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