How far back does Discovery go in a divorce?
You can certainly make discovery requests that go further back than three years, especially if you have good cause to make such requests. There is nothing...
Category: Updates
What was the stock market return between 2000 and 2019?
Historical data shows that the positive years far outweigh the negative years. Between 2000 and 2019, the average annualized return of the S&P 500 Ind...
Can you write off moving expenses for a job in 2019?
IRS moving deductions are no longer allowed under the new tax law. Unfortunately for taxpayers, moving expenses are no longer tax-deductible when moving f...
Which is the best form for income tax return?
Where the data of the Return of Income in Form ITR-1 (SAHAJ ), ITR-2, ITR-3, ITR-4 (SUGAM), ITR-5, ITR-6, ITR-7 filed and verified Tax Policy and Legislat...
Does residential rental property qualify for Qbi?
Under Internal Revenue Code (IRC) Section 199A, income from rental real estate businesses qualifies as QBI if the business and related rental income quali...
Do you have to pay state taxes on an annuity?
Do you pay taxes on annuities? You do not owe income taxes on your annuity until you withdraw money or begin receiving payments. Upon a withdrawal, the mo...
Do I pay tax on my first year of self employment?
For the first year you are self-employed, there could be a long delay before you pay any tax, but, when it arrives, the bill is likely to be large and cou...
How long can my daughter be my dependent?
To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a “student” younger than 24 years old as...
Do I need to file an FBAR every year?
The FBAR deadline is April 15 following the calendar year you’re reporting. If you’re required to file, you must file one every year. What does reporting ...
Can I pay my partner dividends?
Spouses and civil partners are, under certain circumstances, exempt from the settlements legislation. The shares must be an ‘outright gift’, which means a...
