Is a deductible like a down payment?
A down payment is only tax deductible if the funds came from a deductible source, such as another home loan refinance, second mortgage or home equity line...
Category: General
Do most employment cases settle?
For the most part, employment cases settle. They do not go to trial. All civil cases (and criminal cases) are likely to settle at some point during the li...
Who is required to file an income tax return?
In the above heading you read about the number of persons Who is required to file Income Tax Return, if you want to know the benefits of filing Income Tax...
Can you extend it-204-LL?
There is no extension of time to file Form IT-204-LL or pay the annual fee. If you fail to timely file Form IT-204-LL, or fail to pay the full amount of t...
Can someone steal my bitcoin wallet?
It is not possible to steal digital currency with a public address alone. The only way someone could access your funds would be if they had access to your...
Who should file form 8824?
Use Parts I, II, and III of Form 8824 to report each exchange of business or investment property for property of a like kind. Certain members of the execu...
How much does a rental property depreciation each year?
By convention, most U.S. residential rental property is depreciated at a rate of 3.636% each year for 27.5 years. Only the value of buildings can be depre...
Why do part-time workers get paid less?
Part-time workers receive considerably lower hourly earnings than do full-time workers. The lower skills of part-time than full-time workers result primar...
What can you do with an irrevocable trust?
At its most basic level, Asset Protection and Estate Planning with an Irrevocable Trust stems from this fact: if properly drafted a person can give assets...
Should I give my landlord a 1099?
Commercial payers of rents and royalties must generally provide a 1099 to the landlord and submit a copy to the IRS. But if you pay rent to a real estate ...
