updates
Can a partnership do an asset sale?
In an asset purchase from a partnership, the tax consequences to the buyer are the same as for an asset purchase from a corporation. In such an asset sale...
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Can you move your 401k into an IRA and keep contributing?
For most people switching jobs, there are many advantages to rolling over a 401(k) into an IRA. After you’ve done your rollover, you can contribute to bot...
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When you become a US citizen do you give up your foreign citizenship?
The U.S. government does not require naturalized U.S. citizens to relinquish citizenship in their country of origin. Although the Oath of Allegiance to th...
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Is vacation time paid when you resign?
Under California law, earned vacation time is considered wages, and vacation time is earned, or vests, as labor is performed. Vacation pay accrues (adds u...
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Can I withdraw my whole annuity?
You can take your money out of an annuity at any time, but understand that when you do, you will be taking only a portion of the full annuity contract val...
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Can a man live with a woman on Section 8?
Yes, a Section 8 Housing Choice Voucher household may live in a unit with other people, but only if very specific circumstances are met. Generally, your S...
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What is a life insurance disbursement?
Permanent life insurance policies accumulate a cash value, which you can borrow at any time for any reason. If you receive a cash disbursement from your p...
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How much does married filing jointly get?
The standard deduction for separate filers is far lower than that offered to joint filers. In 2020, married filing separately taxpayers only receive a sta...
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What is sales tax and service tax?
Central sales tax or CST is the tax levied on sale of items in inter-state trade. Service tax is the tax payable on services that are taxable. While in mo...
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What is a consolidated corporation?
In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. The taxation term of conso...
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