global news

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 • 2 READS

global news

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 • 1 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 • 2 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 • 2 READS

global news

What does it mean when the IRS processes your return?

This means the IRS has your tax return and is processing it. Your personalized refund date will be available as soon as the IRS finishes processing your r...

Mar 09, 2026 • 1 READS

global news

What is the main objective to avoid or reduce the tax liability?

• Reduction of Tax Liability The government’s objective is to maximise the tax deposited by the citizens. Authorities often come up with legal ways to ens...

Mar 09, 2026 • 0 READS

global news

How much does it cost to build a shopping center?

The national average is $24.9 million for a medium-sized shopping mall, not including land purchase and clearing. To build a mall, demolition may be neces...

Mar 09, 2026 • 1 READS

global news

Is there a tax credit for non custodial parent?

The EIC is a refundable tax credit for low to-moderate-income taxpayers. A non-custodial parent can not claim EIC for a child that he or she has been give...

Mar 09, 2026 • 0 READS

global news

How do I file an amended California tax return?

Individuals Gather and fill out the following: Tax year 2017 to present. California Explanation of Amended Return Changes (Schedule X) Submit your amended...

Mar 09, 2026 • 1 READS

global news

Do you pay taxes on sales?

Sold goods aren’t taxable as income if you are selling a used personal item for less than the original value. If you flip it or sell it for more than the ...

Mar 09, 2026 • 0 READS