global news

Are F-1 OPT students exempt from federal taxes?

As an F-1 visa holder, you are exempt from FICA (Social Security and Medicare) taxes. This means that no matter whether you are doing OPT, OPT extension o...

Mar 09, 2026 • 0 READS

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How much is the cost of transfer tax?

Transfer Tax (Local Treasurer’s Office) – this is tax imposed on the sale, barter, or any other method of transferring of the ownership or title of real p...

Mar 09, 2026 • 1 READS

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How do you find SD?

To calculate the standard deviation of those numbers: Work out the Mean (the simple average of the numbers) Then for each number: subtract the Mean and sq...

Mar 09, 2026 • 1 READS

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Can you file electronically with Turbo Tax?

The IRS not only offers you the option of filing your tax return online through its e-file program—but the agency also accepts electronic payments for the...

Mar 09, 2026 • 1 READS

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How do you write a letter asking for a partnership?

The following points must be included in a partnership proposal letter: Mention how you are going to address the challenges you have. Describe the potenti...

Mar 09, 2026 • 1 READS

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Can I claim back insurance premium tax?

Unlike VAT, insurance premium tax can not be recovered and like any tax is subject to change. Is there tax charged on insurance? Overview. Insurers must f...

Mar 09, 2026 • 1 READS

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What happens if I Sell my 1031 exchange property?

Extent and nature of your efforts to sell the property (such as listing the property for sale with a real estate agent or broker) That the same taxpayer (...

Mar 09, 2026 • 1 READS

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What is the replacement period to postpone casualty gain?

The replacement period begins on the date the property was damaged, destroyed, or stolen. The replacement period ends 2 years after the close of the first...

Mar 09, 2026 • 0 READS

global news

How long does it take for the IRS to respond to a letter?

The taxpayer should allow at least 30 days for the IRS to respond. Do remember that there is usually no need to call the IRS. If a taxpayer must contact t...

Mar 09, 2026 • 1 READS

global news

Do you have to file your taxes jointly or separately during a divorce?

If you’re in the middle of your divorce, but still eligible to file your taxes jointly for a given year, you and your spouse must both agree to file taxes...

Mar 09, 2026 • 1 READS