opinion
Are personal bank fees tax deductible?
2. The IRS will also allow you to deduct the rental costs of a safe deposit box. Common banking fees such as monthly service fees, overdraft fees, check-w...
Read Journal Category
Opinion
opinion
How do I register for classes at Seneca?
New Students: Browse our Program and Class offerings. Choose which class(es) you want to pursue, click the register button. When finished, click the Check...
Read Journal
opinion
What happens when sole trustee dies?
WHAT HAPPENS IF A TRUSTEE DIES? If a trustee dies, the remaining trustees can still carry on with the role, but a replacement could be appointed. If the t...
Read Journal
opinion
Can a private company buy back shares?
A company buyback of shares is a perfectly legitimate method of extracting cash from a private company. Company buy backs are a route for shareholders (in...
Read Journal
opinion
What is the FDIC limit per bank?
$250,000 per A: The standard deposit insurance amount is $250,000 per depositor, per FDIC-insured bank, per ownership category. For a basic category-by-ca...
Read Journal
opinion
Is landscaping tax deductible for a business?
In the case of running a home business, a portion of the home and property expenses is tax-deductible as a business expense. This creates a landscaping ta...
Read Journal
opinion
What are the new depreciation rules?
The new bonus depreciation rules apply to property acquired and placed in service after September 27, 2017, and before January 1, 2023, at which time the ...
Read Journal
opinion
Can I file 4 years of taxes at the same time?
You are free to file your return at any time, but if you owe tax as a result of a past due return, penalties and interest will be assessed. What happens i...
Read Journal
opinion
Will the IRS take my refund if my spouse owes?
A: If you were married when your spouse incurred the back taxes, then yes. When you file jointly, then you assume “joint and several” liability. That mean...
Read Journal
opinion
What happened to RJR Nabisco?
RJR Nabisco stopped operating as a single entity in 1999; however, both RJR (as R. J. Reynolds Tobacco Company) and Nabisco (now part of Mondelēz Internat...
Read Journal