culture and society
Can you take standard deduction from capital gains?
His adjusted gross income (including long-term capital gains and dividends) is $69,700. After claiming the standard deduction of $18,000, his taxable inco...
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science and technology
How much can I give my Son without paying gift tax?
The key words here are “per person.”. If your son and his spouse want to buy a house and you want to give them $30,000 for a down payment, you can do that...
environment and climate
Do you report employer 401k contributions on W-2?
The employer reports elective deferrals on the participant’s Form W-2, Wage and Tax Statement PDF. Although these amounts are not treated as current incom...
civics and society
How many nonprofits are there in New Hampshire?
NH Nonprofits are Essential to the Vitality of our Communities. The NH Center for Nonprofits released the latest data on New Hampshire’s nonprofit sector....
global affairs
What are the new laws for 2021 for California?
Here a few of the new laws taking effect in 2021 in California: Demilitarizing police uniforms. In case you need another reason not to text and drive. Div...
global affairs
Do general contractors need to be licensed in Texas?
General contractor license There is no statewide requirement to get licensed as a general contractor. In addition, you will most likely also need to pass ...
environment and climate
Do I get money if I leave my job?
Normally, you would be entitled to full pay up to the effective date of termination of employment (your last day of employment), including any holiday pay...
environment and climate
How does a holding company work for real estate?
The purpose of the Holding Company is to hold the cash earned from the rental properties. Also, the holding company will hold 100% of the shares of the Re...
science and technology
What is a Stipulation agreement in a divorce?
A “stipulation” is an agreement between two parties that is submitted to the judge for approval. It eliminates the need to go to court and have a judge de...
news
What is allocation of purchase price in asset sale?
When selling a business, it’s important to allocate a purchase price for the business’s assets. Allocating a purchase price occurs with both stock sales a...
data and analysis
How long before spouse visa expires can I renew UK?
How soon can I apply for spouse visa extension/renewal? You can apply for spouse visa renewal any time within 28 days before completing 30 months residenc...
data and analysis
Can F1 student invest business?
Under the F1 program, international students are not allowed to own a business. This means that international students cannot earn revenues or salary deri...
science and technology
Is it better to be taxed as a Corporation or sole proprietor?
The advantage of a Corporation is liability protection. This means the owner is completely responsible for all debts and liabilities of the business. The ...