global affairs
Can an S Corp do business internationally?
Foreign persons include foreign citizens as well as any non-US corporations, partnerships, associations, companies, estates, trusts, or governments. No fo...
Category: Global Affairs
global affairs
Can you get money back from a company in liquidation?
If the business has gone into liquidation, write to the administrator dealing with the company to register your claim, explaining exactly how much money y...
global affairs
What questions can you ask a potential renter?
Top Tenant Screening Questions What date would you like to move in? Do you have pets? How long have you lived in your current home? Why are you moving? Ho...
global affairs
How much can you put in a self-directed IRA?
In some ways, a self-directed IRA is like a traditional IRA or a Roth IRA. The account is designed to provide tax advantages, and participants must follow...
global affairs
Is insurance premium taken out of every paycheck?
If you sign up for your employer-provided health insurance, the cost will come out of your paycheck. Whatever amount you choose to contribute will be dedu...
global affairs
Can a job make you relocate?
That’s a common question: Can you force or require an employee to relocate? The answer is almost always no. It can’t be required. Therefore,an employer ne...
global affairs
How do I get a 1099 G form from DC?
You’ll need to contact the issuer of Form 1099-G — probably the DC Department of Employment Services, if the form reflects unemployment — to get the infor...
global affairs
When is it appropriate for a married couple to file their taxes separately?
Married filing separately may be an appropriate option if there is a lack of trust. To file a joint tax return, both partners must consent, so filing sepa...
global affairs
Who is subject to PFIC?
A foreign corporation (the tested foreign corporation) is a PFIC if, for its tax year: (1) at least 75% of its gross income is passive income (Income Test...
global affairs
Who do I call if my w2 is messed up?
Call the IRS toll free at 800-829-1040 or make an appointment to visit an IRS Taxpayer Assistance Center (TAC). The IRS will send your employer a letter r...
global affairs
What are the instructions for filing a 1099-R?
Specific Instructions for Form 1099-R File Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contra...
global affairs
Can a niece inherit a pension?
Typically, pension plans allow for only the member—or the member and their surviving spouse—to receive benefit payments. However, in limited instances, so...
global affairs
What does it mean to exercise an incentive stock option?
An incentive stock option (ISO) is a corporate benefit that gives an employee the right to buy shares of company stock at a discounted price with the adde...