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Do you have to file Form 709 for each year?

List all reportable gifts made during the calendar year on one Form 709. This means you must file a separate return for each calendar year a reportable gi...

Aug 25, 2026 • 1 READS

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Can you set up an annuity for a child?

With the right type of annuity and strategy, you can choose to have annuity payments continue to go to his or her child or children for the remainder of t...

Aug 25, 2026 • 1 READS

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How do you pay taxes when you retire?

You will owe federal income tax at your regular rate as you receive the money from pension annuities and periodic pension payments. But if you take a dire...

Aug 25, 2026 • 1 READS

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Can an insurance company be an LLC?

Typically, businesses such as banks, insurance companies, and trusts are not allowed to become LLCs. In this way, your liability protection may be stronge...

Aug 25, 2026 • 1 READS

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Can investment losses be deducted?

You can deduct your loss against capital gains. Any taxable capital gain – an investment gain – made that tax year can be offset with a capital loss. If y...

Aug 25, 2026 • 1 READS

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Do you need to add health insurance to taxes?

Proof of Insurance You are not required to send the IRS information forms or other proof of health care coverage when filing your tax return. However, it’...

Aug 25, 2026 • 1 READS

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Can a small business be a LLC and a S corporation?

Combining the LLC and S Corporation Small business owners can choose to set up their business as an LLC and then opt to file taxes as an S Corporation. Le...

Aug 24, 2026 • 1 READS

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What is Section 933 of the tax code?

US IRC Section 933, however, provides an exception with respect to Puerto Rico residents: individuals who are bona fide residents of Puerto Rico for the e...

Aug 24, 2026 • 1 READS

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How many times can a dog be put under anesthesia?

As is the case for us, our four-legged friends may require anesthesia as part of a surgery or procedure. Puppies receive anesthesia when they are spayed o...

Aug 24, 2026 • 1 READS

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Are unpaid internships still legal?

Unpaid work experience and unpaid internships An unpaid work experience arrangement or unpaid internship can be lawful if it is a vocational placement (se...

Aug 24, 2026 • 2 READS