general

What is my full Social Security benefit age?

The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it ...

Aug 29, 2026 • 1 READS

general

Can for profit businesses give scholarships?

A for-profit company can establish a nonprofit foundation to provide scholarships. But a company that desires tax-exemption for its scholarship program mu...

Aug 29, 2026 • 1 READS

general

Can you claim travel expenses for work?

If you have to travel for your work you may be able to claim tax relief on the cost or money you’ve spent on food or overnight expenses. You cannot claim ...

Aug 29, 2026 • 1 READS

general

What is other income on Form 1099-Misc?

Form 1099-MISC: Miscellaneous Income (aka Miscellaneous Information) is completed and sent out by someone who has paid at least $10 in royalties or broker...

Aug 29, 2026 • 1 READS

general

Is there a time limit on phone calls?

Telephone companies do not set time limits on phone calls. Once you connect with another person by phone, you can talk as long as you want to. What is the...

Aug 29, 2026 • 1 READS

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How does the US tax treaty affect Canada?

Three notable articles in the Canada-US Tax Treaty affect taxation – Article V on Permanent Establishment, Article VII on Business Profits and Article XV ...

Aug 29, 2026 • 1 READS

general

What is the IRS penalty for early withdrawal of your retirement?

If you withdraw funds early from a 401(k), you will be charged a 10% penalty tax plus your income tax rate on the amount you withdraw. In short, if you wi...

Aug 28, 2026 • 1 READS

general

What is joint ownership of a home?

Joint tenants means that both owners own the whole of the property and have equal rights to the property. If one owner dies the property will pass to the ...

Aug 28, 2026 • 1 READS

general

Can we use wanted with didn t?

“I didn’t want to” is correct because “did” creates the simple past tense in the negative. Think about the affirmative options , “I wanted to” or “I did w...

Aug 28, 2026 • 1 READS

general

How do I gift my children tax-free?

Annual Gift Tax Limit As of 2018, you may give each of your children (or other recipients) a tax-free gift of money up to $15,000 during the tax year. You...

Aug 28, 2026 • 1 READS