general

Are spendthrift trusts valid in all states?

Creditors cannot take money from the general funds of a spendthrift trust. In fact, most states do not allow these types of trusts. Many states have laws ...

Jul 30, 2026 • 1 READS

general

Which defines an excise tax?

Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. These goods are referred to ...

Jul 30, 2026 • 1 READS

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What is green card priority date?

Priority date: This is the date that U.S. Citizenship and Immigration Services (USCIS) received your I-130 petition. Think of this date as your place in t...

Jul 30, 2026 • 1 READS

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How do you account for intangible assets amortization?

The company should subtract the residual value from the recorded cost, and then divide that difference by the useful life of the asset. Each year, that va...

Jul 30, 2026 • 1 READS

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Does a close corporation pay tax?

CLOSE CORPORATIONS AND TAX A Close Corporation is a seperate legal entity and must register for Income Tax and can register for VAT. Do C corps get tax re...

Jul 30, 2026 • 1 READS

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How do you calculate Unrecaptured Section 1250 Gain?

Since the property has sold for more than the basis that had been adjusted for depreciation, the unrecaptured section 1250 gains are based on the differen...

Jul 29, 2026 • 0 READS

general

Does my wife Social Security affect mine?

No. Each spouse can claim their own retirement benefit based solely on their individual earnings history. You can both collect your full amounts at the sa...

Jul 29, 2026 • 1 READS

general

How much is the state pension for an 80 year old?

The over 80 pension is a State Pension for people aged 80 or over. To be eligible you must get either a basic State Pension of less than £82.45 a week, or...

Jul 29, 2026 • 1 READS

general

How do I correct a mistake on my EIN?

If you made a mistake on your EIN application, such as if you listed a non-owner or officer in Item 3 or elsewhere, do not submit a new EIN application, F...

Jul 29, 2026 • 1 READS

general

Is Puerto Rico considered foreign for US tax purposes?

2 As a result, although Puerto Rico belongs to the United States and most of its residents are U.S. citizens, the income earned in Puerto Rico is consider...

Jul 29, 2026 • 1 READS