updates
How is tax calculated when you sell a house?
It depends on how long you owned and lived in the home before the sale and how much profit you made. If you owned and lived in the place for two of the fi...
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Is combat zone pay taxable?
Generally, any form of military pay earned while on deployment in a combat zone is excluded from federal income tax. Any form of pay earned while on deplo...
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Do you have to pay taxes on money received from family?
Generally, the answer to “do I have to pay taxes on a gift?” is this: the person receiving a gift typically does not have to pay gift tax. The giver, howe...
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What is qualified recourse?
The definition of qualified nonrecourse financing is not that difficult to understand. It represents debt that is secured by real property that is used in...
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Can you view your high school transcript online?
First, check the school’s website to see if they have information about obtaining your transcript. Transcript information is often found on alumni or stud...
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Can I get a yearly statement from the bank?
You can often retrieve bank statements online for free for the last year or two. If you need to go back further than what’s available online, your bank mi...
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Can brokers copy your trades?
Yes it’s possible for brokers to copy your trading concept. There was a case which involved forex traders of major banks front running client trades. Brok...
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Does the Philippines have a wonder of the world?
Commonly referred by the Filipinos as the “Eight Wonder of the World,” The Banaue Rice Terraces are a 2,000-year-old terraces that were carved into the mo...
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What is ACB in accounting?
In the Canadian tax system the term Adjusted cost base (ACB) refers to the cost of an investment adjusted for several tax-related items including acquisit...
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Why do US companies manufacture in Mexico?
U.S. companies in Mexico enjoy a range of advantages, including reduced cost of production, convenient geographical location, and government incentives su...
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