education
Do I need a lien free title to sell a car?
It’s not illegal to sell a car with a lien, and there are no penalties for doing so, provided it is handled correctly. There’s one major requirement; you ...
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Education
education
How are sales taxes collected in different states?
Sales taxes are, frankly, a mess. There are many taxing localities involved, each with its own tax rate and list of taxable products and services. If you ...
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education
Do US nationals pay federal taxes?
A nonresident alien (for tax purposes) must pay taxes on any income earned in the U.S. to the Internal Revenue Service, unless the person can claim a tax ...
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education
Is tax included in inventory?
Sales tax you pay for inventory used in manufacturing your goods is a cost of goods sold. The inventory you purchase is also a cost of goods sold; however...
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education
Should I take foreign earned income exclusion or Foreign Tax Credit?
The Foreign Earned Income Exclusion is generally best for taxpayers whose income is earned in a low- or no-income tax country. It will allow them to shiel...
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education
How long after a company is formed do you have to file an S corp election?
A corporation or LLC must file an S-Corp election within two months and 15 days (~75 days total) of the date of formation for the election to take effect ...
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education
What happens to an investment account when someone dies?
When someone dies, their investments will be handed over to any designated beneficiaries. You’ll generally have three options for ensuring that your inves...
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education
Can you use Excel to track projects?
Project tracking Once the project is set in motion, you can use Excel as a project tracker and manage any issues that come up. Create columns for the name...
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education
What does a corporation tax return include?
The corporation tax return normally covers a 12-month corporation tax accounting period that matches your company’s 12-month financial year. Each company ...
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education
Does the partnership business need to lodge a partnership tax return each financial year?
A partnership is not a taxable entity but it must lodge a tax return at the end of each income year. Partners are taxed on their share of the profits of t...
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