news
What is a single member corporation?
A single-member S Corp is a single-member LLC that has chosen to be treated as an S Corporation for tax purposes. A single-member S Corp is a single-membe...
Jul 21, 2026 • 1 READS
general
What mortgage can I afford on 1400 a month?
$1,400 per month qualifies to borrow a mortgage of $204,913; add your $20,000 down payment to this, and you can purchase a home of $224,913. Your debt loa...
Jul 21, 2026 • 1 READS
general
How long after buying a house can you rent it out?
Lenders don’t have to oblige, and many will require you to have lived there at least six months before granting it, although there are some with no hard r...
Jul 21, 2026 • 1 READS
updates
How do I know if my income tax return is processed?
Previous Years’ Tax Returns – How to Check if You’ve E-Filed? Step 1: Go to the Income Tax Department’s website. Step 2: Click on ITR-V Receipt Status. St...
Jul 21, 2026 • 1 READS
updates
Do you have to attach a copy of your K-1 to a 1041?
You must furnish a copy of each K-1 to the appropriate beneficiary, and attach all copies to Form 1041 when you file the return with the Internal Revenue ...
Jul 21, 2026 • 1 READS
news
How do I gift an IRA?
Q How do I make my gift? A Contact your IRA custodian and follow their procedures to request a “Qualified Charitable Distribution.” The check must be acco...
Jul 21, 2026 • 1 READS
news
Can I file back taxes separately?
When you prepare and e-File a tax return as Married Filing Separate, you and your spouse each file your own return. As such, you report your own individua...
Jul 21, 2026 • 0 READS
general
What is an RL 31 slip?
The RL-31 slip provides information about the occupant(s) of a dwelling as at December 31 of a given year. Tenants and subtenants use this information to ...
Jul 21, 2026 • 1 READS
updates
Is cosigning a student loan bad?
Cosigning for a loan allows your child to access a financial product that might otherwise be out of their reach. However, you do risk ruining your credit ...
Jul 21, 2026 • 1 READS
general
Can foreigners own land in the Philippines?
Philippine real estate law does not allow outright ownership of real property by foreign nationals. Filipinos and former Filipino citizens and Philippine ...
Jul 21, 2026 • 1 READS
