data and analysis
How does a trust work in an inheritance?
When trusts are used as part of an inheritance, a trustee typically administers the trust either by protecting the assets for a set period of time, spendi...
Category: Data And Analysis
data and analysis
What does third party designee mean on tax return?
Third Party Designee – Designate a person on your tax form to discuss that specific tax return and year with the IRS. Oral Disclosure – Authorize the IRS ...
data and analysis
When should I expect my SARS 2020 refund?
Once you’ve submitted these on eFiling, the audit will be finalised by SARS. They have 21 days to send you a letter confirming completion of the audit, or...
data and analysis
What retail sales are taxable?
Retail sales of tangible items in California are generally subject to sales tax. Examples include furniture, giftware, toys, antiques and clothing. Some l...
data and analysis
What is the best semi truck for Owner Operator?
Freightliner – These trucks are popular for the short haul market. These trucks are a little less expensive than the Paccar products, they are a little li...
data and analysis
Can I make up missed IRA contributions?
You can contribute to a Roth IRA after filing your taxes and you don’t even need to amend your return to do so. The only caveat is that you must fund the ...
data and analysis
What months are property taxes due in Florida?
Real Property Taxes in the State of Florida are for the calendar year and are payable November 1 of that year. If these Real Estate Taxes are not paid on ...
data and analysis
How much does an IRS installment agreement cost?
Taxpayers are charged a one-time fee to set up an installment agreement with the IRS. A reduced fee is available for qualifying taxpayers. Generally, user...
data and analysis
Is there an Exit Tax to leave Canada?
The moment a resident leaves Canada, the CRA deems that they have disposed of certain kinds of property at fair market value and immediately reacquired it...
data and analysis
Why is my PPP application taking so long?
A delay in PPP loan processing and approval can be traced back to strong demand and the struggle for banks and third-party processors to keep up. Why can ...
data and analysis
Can a surviving spouse be the beneficiary of an inherited IRA?
If you are the surviving spouse and sole beneficiary of your deceased spouse’s IRA, you can elect to be treated as the owner of the IRA and not as the ben...
data and analysis
What is long term disability at work?
Long term disability insurance is a type of income protection that is designed to cover serious injuries and illnesses that keep you out of work for three...
data and analysis
What happens when you file a joint tax return with your spouse?
According to the IRS, “If you and your spouse decide to file a joint return, your tax may be lower than your combined tax for the other filing statuses. A...