updates
Can my S Corp reimburse me for home office?
You can deduct the costs of a home office if you are filing a Schedule C. The S corporation can pay you rent for the home office. The S corporation can pa...
Jul 26, 2026 • 1 READS
updates
Who is considered the account owner of an Education IRA?
While your child is the beneficiary of the Coverdell ESA, you are the owner of the account. Although you must use the funds to cover your child’s educatio...
Jul 26, 2026 • 1 READS
updates
How do you know if you will qualify for a car loan?
How to Qualify for a Car Loan Make Sure You Have Good Credit. Have a Source of Income. Be Able to Prove Your Identity and Residence. Consider Getting Prea...
Jul 26, 2026 • 1 READS
general
Can a property be inherited jointly by siblings?
While inheritances are generally divided so that each beneficiary gets property they own outright, some pieces of property can be transferred so that sibl...
Jul 26, 2026 • 1 READS
news
Is sales tax the same as gross receipts?
Unlike a sales tax, a gross receipts tax is assessed on businesses and apply to business-to-business transactions in addition to final consumer purchases,...
Jul 26, 2026 • 0 READS
updates
What is the difference between a trust and a grantor trust?
A grantor trust is a trust in which the individual who creates the trust is the owner of the assets and property for income and estate tax purposes. Grant...
Jul 26, 2026 • 1 READS
news
Can a foreigner live in China permanently?
With permanent presidency, the foreigner is allowed to live and work in China without any restriction – they do not need to apply for other residence and ...
Jul 26, 2026 • 1 READS
general
Do minors pay Social Security tax?
Under current law, wages paid to a child under age 18 are not subject to FICA taxes (Social Security and Medicare taxes). Both the FICA and FUTA tax exemp...
Jul 26, 2026 • 1 READS
general
Why do I have to keep activating TurboTax?
Resolution. This error is caused by the internet connection being unable to establish a connection to our server for license activation. If they’re succes...
Jul 26, 2026 • 1 READS
updates
Is business interest deductible in 2018?
Effective for tax years starting in 2018, a taxpayer’s deduction for net business interest is limited to 30 percent of adjusted taxable income, which is t...
Jul 26, 2026 • 1 READS
