news
What happens to your house when your husband dies?
When someone dies owning property, that property gets a stepped up basis to the value at the date of their death. If your husband owned half the house at ...
Sep 04, 2026 • 2 READS
news
What is the fit amount for income tax withholding?
Your last step for determining federal income tax withholding is to enter any additional amounts the employee requested withheld on Form W-4. In this situ...
Sep 04, 2026 • 2 READS
news
What happens to your life insurance policy if your spouse dies?
If your primary beneficiary — your spouse — dies before you, your insurance policy proceeds will go to your secondary beneficiary, your sister. But if you...
Sep 04, 2026 • 3 READS
general
Do I have to take RMD from annuity in 2020?
As a reminder, owners reaching age 70½ in 2020 are not required to take any distributions thanks to the SECURE Act. For them, the trigger age for such pay...
Sep 04, 2026 • 3 READS
updates
Can you be subscriber for 2 insurances?
Can you be covered by two health insurance plans? Yes, you can be covered by two health insurance plans. In some cases, each member of a couple might have...
Sep 04, 2026 • 2 READS
updates
Can a grandparent pay for a college education?
A grandparent can pay for college tuition and they may consider it a gift, but luckily the IRS does not. A special tax-code exemption allows a grandparent...
Sep 04, 2026 • 2 READS
general
Does disability affect employer?
All disability benefits programs affect employers financially, administratively and operationally; therefore, any disability benefits program must meet bo...
Sep 04, 2026 • 2 READS
updates
Do you have to file tax return for partnership?
Although a Partnership is not a legal entity and not registered for income tax, the Income Tax Act does refer to partnerships in several sections. All the...
Sep 04, 2026 • 2 READS
general
What information does employer need for 1099?
Reporting Requirements Federal Employer Identification Number (FEIN) California employer payroll tax account number (if applicable) Social Security number...
Sep 04, 2026 • 2 READS
news
Can a person claim social security at age 70?
(Full retirement age is currently 66 and gradually rising to 67 for people born in 1960 or later). You may boost your retirement benefit by putting off cl...
Sep 04, 2026 • 2 READS
