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Does a charitable trust pay taxes?
A charitable trust, as defined by the IRS, is not tax-exempt, and its unexpired assets are used to support one or more charitable activities. How do you s...
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Can a LLC write off a car?
Whether you use your car for personal and business purposes or use it exclusively for LLC business, some or all of the car expenses you incur are deductib...
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How is unused exemption equivalent calculated?
Subtract your lifetime gifts from the estate tax exemption to figure your remaining estate tax exemption. Continuing the example, if your gift tax exempti...
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Can you transfer an LLC to another person?
You can only transfer an LLC’s ownership interests if all the other LLC owners agree, and even then, only if the state law allows for it. The first step i...
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What is my LLC Fein number?
When forming a limited liability company (LLC), you’ll need to apply for a federal tax ID number, or employer identification number (EIN), for tax purpose...
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What expenses are allowable against rental income?
So what are the allowable costs against rental income? Finance costs (restricted for most residential properties) Repairs and maintenance. Legal, manageme...
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Is a land contract a good idea?
A land contract can be an appealing option for a potential homebuyer who might have difficulty qualifying for a mortgage loan. But there are potential ris...
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How do I find an annuity in my name?
You can search for lost annuities money by searching your state’s unclaimed property database. Once you’ve located lost funds, you can reclaim the money f...
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What happens when a common-law partner dies?
A legally married spouse has automatic rights to their deceased spouse’s property. If a common-law spouse dies dies without a Will, or does not adequately...
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Can a startup company sponsor H1B visa?
Yes. Even an early-stage startup with just one or two employees can sponsor an H1b visa. When a startup sponsors an H1b visa, these are the areas of the a...
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