Do I qualify for early retirement?
A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent. Starting to receive benefits after norm...
Category: General
Do you have to pay taxes on Bitcoin transactions?
If Bitcoin is held as a capital asset, you must treat them as property for tax purposes. General tax principles applicable to property transactions apply....
What is the report year for Texas franchise tax?
Annual Reports Due Date An annual report is due May 15 of each report year. Report Year The year in which the franchise tax report is due. The 2021 annual...
Are distributions from an irrevocable trust taxable?
As noted above, an irrevocable trust must pay income tax on its earnings. Typically, the beneficiary isn’t required to pay income taxes on distributions t...
Do you have to file Form 1040EZ for 2016?
For 2016, you must: Do Not File Form 1040EZ if You Are Claiming the Premium Tax Credit or You Are Required To Reconcile Advance Payments of the Premium Ta...
How is a 754 election made?
To remedy this, a partnership may make a 754 election under Internal Revenue Code sections 743(b) and 734(b) to equalize the buyer’s basis in the purchase...
How do I sell my RV if I still owe money on it?
How to Sell a Camper with a Lien (The Right Way) Find Your Campers True Value. How to Determine the Camper’s Value? Figure the Difference in Financials. S...
Where do you pay cash for a condo?
Condo buyers that pay cash are typically savvy real estate investors looking to cash in on the current low prices with plans to rent out the properties. A...
Is qui tam civil or criminal?
The case netted the largest criminal fine ever imposed in the United States for any matter, $1.195 billion, and the largest civil fraud settlement against...
What happens when you sell a property in a foreign country?
The selling price and the cost of the property need to be converted to U.S. dollars for purposes of tax reporting. The sale is reportable whether or not t...
