Can a permanent resident own a house?
Yes, it is possible for a green card holder in the U.S. to buy a home. In fact, permanent residents’ ability to acquire home loans is even greater than th...
Category: Updates
What happens if 1099-C is not filed?
In short, you’ll have to pay taxes on the extra income. That might mean your refund is reduced or that you owe more taxes than you would otherwise. In cas...
What does SARS Code 3606 mean?
3606 – Commission Payments. 3701 – Travel Allowances (Subject to PAYE) 3703 – Reimbursive Travel Allowance (non-taxable) 3713 – Other Allowances – Taxable...
How can a 65 year old apply for Social Security?
You can apply for retirement benefits online at or call our toll-free number. Or you can make an appointment with a local Social Security office to apply ...
What happens to your RRSP when you turn 71?
An RRSP must mature by December 31 of the year in which you turn 71. On maturity, the funds must be withdrawn, transferred to a RRIF or used to purchase a...
Do I need to roll over my 401K?
Roll It Over to Your New Employer If you’ve switched jobs, see if your new employer offers a 401(k) and when you are eligible to participate. Many employe...
Are non-profit volunteers considered employees?
Individuals who volunteer or donate their services, usually on a part-time basis, for public service, religious or humanitarian objectives, not as employe...
What is the meaning of manufacturing business?
Manufacturing is the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing. M...
What is IRS Code 501 A?
Section 501 of the U.S. tax code outlines which types of nonprofit organizations are tax exempt. The section of this code that provides for exemption is s...
When do I need to update my partnership tax return?
The Partnership Tax Return form and notes have been added for tax year 2018 to 2019. The form and notes have been added for tax year 2017 to 2018. The for...
