culture

Can my Canadian husband sponsor me?

You can sponsor your spouse, partner or child to live in Canada if you’re a: Canadian citizen. person registered in Canada as an Indian under the Canadian...

Mar 04, 2026 • 1 READS

culture

Can a bank lose your deposit?

As we learned above, the FDIC backs up deposits so if your bank fails, the FDIC will pay back your money, up to their coverage limits. According to FDIC s...

Mar 04, 2026 • 2 READS

culture

Can you retroactively set up an S Corp?

If a business has a reasonable cause for not filing Form 2553 on time, the IRS may approve the S Corp election retroactive to the start of the LLC’s or C ...

Mar 04, 2026 • 1 READS

culture

Do you have to pay capital gains on rental property?

If you own a rental property, you may be liable to pay capital gains tax. This will be dependent on your income and, subsequently, the rate of income tax ...

Mar 04, 2026 • 1 READS

culture

What was the maximum 401K contribution for 2000?

$10,500.00 Posted by Maria Hurd, CPA Year Employee Contribution Limit Age 50+ Catch-up Contribution 2003 $12,000.00 $2,000.00 2002 $11,000.00 $1,000.00 20...

Mar 03, 2026 • 1 READS

culture

Can I sell online as a hobby?

The short answer is, yes, you’re liable for the tax. So whether you’re selling cakes or ceramics, trading vintage coins or toy cars, selling online or at ...

Mar 03, 2026 • 2 READS

culture

Does a disregarded LLC file a tax return?

A single member LLC is considered a “disregarded entity” for U.S. tax purposes, and accordingly its operations are reported on the member’s individual tax...

Mar 03, 2026 • 2 READS

culture

What is extended due date 1041?

April 15th More In File A trust or estate with a tax year that ends June 30 must file by October 15 of the same year. Form 1041-A: Form 1041-A is a calend...

Mar 03, 2026 • 1 READS

culture

Can you depreciate residential property?

What rental properties benefit most from depreciation? While almost all residential property investors are able to claim depreciation, given the 2017 legi...

Mar 03, 2026 • 1 READS

culture

Is taxpayers one word or two?

While everyone who pays taxes is obviously a tax payer (two words), the term “taxpayer” (one word) denotes something much more. What happens if I put the ...

Mar 03, 2026 • 1 READS