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Can both spouses get TN visa?
A TN visa worker’s spouse and children (unmarried children under the age of 21) may accompany or subsequently join the TN visa worker in the U.S. under TD...
Category: News
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What happens to a business partnership when one partner dies?
What Happens When A Business Partner Dies? Essentially, as soon as that partner dies, the partnership becomes dissolved. Even if there were more than just...
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What is the difference between a 5498 and 1099?
Form 1099-R is issued by the IRS and is part of a series of forms called “information returns.” The form is used to report distributions from annuities, r...
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Are foreign assets subject to US estate tax?
Many foreign nationals own U.S. real estate and hold title in their individual names. The U.S. citizen or domiciliary is subject to U.S. estate tax on the...
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What do you do when you volunteer at church?
They may be responsible for repairing the choir robes or pew cushions, polishing wood or metal within the building, cleaning the windows or maintaining th...
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Can a US citizen open a Canadian bank account?
Can a US citizen open a bank account in Canada? Americans can open a bank account in Canada, but if you don’t open an account in person at a Canadian bank...
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What goes in box 40 on T4 slip?
Code 40 – Other taxable allowances and benefits If you provided an employee with taxable allowances or benefits that you did not include elsewhere on the ...
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Can I live in Nevada and work in Arizona?
You will always file a resident tax return in the state in which you live. Your resident state taxes all of your income regardless of where you earn it. Y...
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Is money from retirement considered income?
IRA and 401(k) withdrawals are subject to taxes It doesn’t matter whether retirement income comes from a 401(k) fund, pension, a part-time job, or an IRA;...
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Why is my import duty so high?
Welcome to Canada, where everything costs 15-25% more expensive than same product south of the border in the US. Well, that is because Government of Canad...
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How do I take the Substantial Presence Test?
To determine if you’ve reached substantial presence, add together all eligible days you were in the U.S. in the current year, one-third of the eligible da...
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Why is my state refund being mailed instead of direct deposit?
Once your return has been accepted (or mailed), it’s too late to change your bank account for direct deposit. If the info you provided is for a closed or ...
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Can charitable deductions offset capital gains?
Capital gains tax strategies—You can use charitable contributions to reduce your capital gains tax liability by donating long-term appreciated assets. Not...