global affairs
Can ITR be filed without payment of tax?
In view of the large cases of ITRs being filed without payment of self assessment tax, the Finance Act, 2013 has inserted a new clause (aa) to the said ex...
Category: Global Affairs
global affairs
Do beneficiaries get a copy of the will in Saskatchewan?
If the executor/administrator does not respond to your request, you may contact Wills and Estates at the Court of Queen’s Bench in Regina at (306) 787-522...
global affairs
Is 2020 a good year to buy rental property?
According to US real estate experts, natural appreciation is expected to remain strong and stable in the US housing market in 2020 and beyond. Home values...
global affairs
How many cars does a car salesman sell?
The average automobile salesman sells between 200 and 1,000 cars per year. Most average over one per day. What does it mean to be called a used car salesm...
global affairs
When did they start giving student loans?
1840 A timeline of the history of student loans. 1840: The first student loans are offered to students attending Harvard University in 1840. 1867: The Uni...
global affairs
Are S Corp distributions taxed as capital gains?
S corporations, in general, do not make dividend distributions. They do make tax-free non-dividend distributions unless the distribution exceeds the share...
global affairs
What kind of tax lawyer do I Need?
Tax lawyers can assist with understanding tax law and resolve tax liens, back taxes, tax debt recovery and relief, and IRS compliance issues. Use FindLaw ...
global affairs
What box does 2 shareholder health insurance?
Health Insurance for S Corporation 2% Shareholders: Reporting to the shareholder. The cost of health insurance premiums paid by the S corporation for a 2%...
global affairs
Do you have to pay back a sign on bonus?
A signing bonuses or sign-on bonus is incentive pay offered by an employer to encourage a new employee to join the employer’s workforce. However, without ...
global affairs
Are amounts reported on 1099-LTC taxable?
For Contracts That Are Not Tax Qualified: We are required to report to the Internal Revenue Service on Form 1099-LTC the gross amount of long-term care be...
global affairs
Are divorce settlements tax free?
Capital gains and losses related to the dissolution of a marriage or de facto relationship are exempt from capital gains tax. The law also provides for ce...
global affairs
What is considered a loss in an LLC?
If your costs exceed your income, you have a deductible business loss. You deduct such a loss on Form 1040 against any other income you have, such as sala...
global affairs
Is income an interest income?
Where is the interest income presented? Interest income is usually taxable income and is presented in the income statement. The profit or for the simple r...