general

What is a bonus deduction?

Bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as ma...

Jul 30, 2026 • 1 READS

general

How do you file taxes when you own your own business?

If you’re a sole proprietor, every year you must file Schedule C (Profit or Loss From Business) with your Form 1040 (U.S. Individual Income Tax Return) to...

Jul 30, 2026 • 1 READS

general

Can you write off a travel trailer for business?

Yes, your RV can be a tax write-off, no matter how long you’ve owned it. New and used RVs are both eligible for tax deductions in many states. Can you wri...

Jul 30, 2026 • 1 READS

general

Is child maintenance deducted from wages?

You must deduct the amount of child maintenance stated on the DEO from your employee’s net earnings or their pension and pay it to the Child Maintenance S...

Jul 30, 2026 • 0 READS

general

What happens to my crypto when I die?

When your heirs inherit your crypto, it’s treated as property and is generally taxed like any other asset: 1) It’s valued as of the date of death; 2) It’s...

Jul 30, 2026 • 1 READS

general

Are 100% disabled veterans exempt from taxes?

Veterans with a full 100% disability rating are fully exempt from property taxes. 50- 69 percent may receive a $10,000 property tax exemption. 30- 49 perc...

Jul 30, 2026 • 0 READS

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Can I sue a company for losing my money?

In theory, if you have lost money because your broker (or any financial institution) gave you bad advice, mismanaged your investments, misled you in any w...

Jul 30, 2026 • 1 READS

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Who owns equity trust?

Desich family Equity Trust is a private corporation ultimately owned by members of the Desich family. Tr. 200, 650. Its principal place of business is in ...

Jul 30, 2026 • 1 READS

general

When do you get a 1099-R for life insurance?

This means it’s possible to receive a 1099-R even when no taxes are due on the distribution. For example, if you take out a $50,000 loan against a univers...

Jul 30, 2026 • 1 READS

general

Are Excise and sin taxes the same?

A sin tax is an excise tax on socially harmful goods. An excise tax is a flat tax imposed on each item sold. The most commonly taxed goods are alcohol, ci...

Jul 30, 2026 • 1 READS