news
Is a United Nations pension taxable?
UN monthly pensions received by all U.S. citizens or resident aliens are always taxable wherever the UN retiree is living, in the U.S. or elsewhere. Such ...
Jul 30, 2026 • 1 READS
general
How to claim sale of residence on taxes?
Sale of Residence – Real Estate Tax Tips. You may qualify to exclude from your income all or part of any gain from the sale of your main home. Your main h...
Jul 30, 2026 • 1 READS
updates
Can a husband and wife file separate tax returns?
Under the Income Tax Law both husband as well as the wife would be entitled to have their separate sources of income, separate funds of their own and so c...
Jul 30, 2026 • 1 READS
general
What are the requirements for a foreign owned LLC?
The requirements for foreign-owned Single-Member Disregarded LLCs are: 1. Get an Employer Identification Number (EIN). 2. File Form 5472 and Form 1120 (on...
Jul 30, 2026 • 1 READS
general
Can a husband get maintenance from his wife?
Yes, if men cannot support themselves financially, they can claim maintenance from their wives who are financially well-off and earning more than them. Th...
Jul 30, 2026 • 1 READS
updates
Does being terminated affect employment?
Being fired from your job can be both a humiliating and terrifying experience. Plenty of people are fired, and it doesn’t affect their ability to get anot...
Jul 30, 2026 • 1 READS
news
Do business partners file taxes jointly?
Partners don’t file joint returns: Each partner takes her share of the business income expenses and reports them individually. Assuming your partnership’s...
Jul 30, 2026 • 1 READS
general
Can you use 1031 funds for renovation?
No matter which combined strategy you choose, the Improvement 1031 Exchange allows you to acquire your replacement property and use some of your 1031 Exch...
Jul 30, 2026 • 1 READS
news
How is the sale of an inherited property calculated?
Inherited properties can take advantage of the stepped-up tax basis. Ordinarily, proceeds are calculated using the purchase price plus any improvements ma...
Jul 30, 2026 • 1 READS
updates
Can church contributions be deducted?
When you prepare your federal tax return, the IRS allows you to deduct the donations you make to churches. As long as you itemize your deductions, you can...
Jul 30, 2026 • 1 READS
