Do you have to pay tax on proceeds of house sale?
Capital gains tax (CGT) is a tax that is applied to the profits you make when selling an asset such as a house. Any profits made on the sale of a property...
How do I rollover my TRS?
Obtain the Application for Refund form (TRS 6) and Special Tax Notice Regarding Rollover Options under TRS from the TRS website or by calling the TRS Auto...
What is dividend deemed dividend?
27 December 2014 Dividend means actual dividend which company declares in the AGM and include interim dividend..But deemed dividend is when a company give...
What is the difference between dissolving a company and going bankrupt?
Permanent outcome – While both bankruptcy and liquidation are temporary processes, liquidation results in a permanent closing down of the business. The co...
Can a single-member LLC have a SEP IRA?
If you have your own company, whether you are an LLC or even a sole proprietor (in which you report your income on Schedule C of your personal 1040 tax re...
Can you do a like-kind exchange on a personal residence?
Normally the IRS does not allow you to conduct a 1031 exchange with your primary residence. That’s because the home that you live in isn’t being used as a...
How much do military contractors make in Afghanistan?
Some surveys peg-starting salaries for positions in Iraq at $91,000 and $99,000 in Afghanistan. It is not uncommon to find opportunities paying well over ...
How do I pay HMRC disclosure?
You can pay by cash or cheque made payable to ‘HM Revenue and Customs only’. You should write your 14 or 15 character payment reference on the back of the...
Are contributions to an S Corp taxable?
Corporate Tax Consequences. An S corporation’s receipt of property in exchange for stock is not taxable to the corporation. The corporation’s basis in the...
How many US states tax Social Security?
Thirteen states Thirteen states also tax some or all of their residents’ Social Security benefits: Colorado, Connecticut, Kansas, Minnesota, Missouri, Mon...
