updates

When can I claim my second self employment grant?

A second and final grant will be available when the scheme opens again in August 2020. If you’re eligible and want to claim the first grant you must make ...

Aug 26, 2026 • 1 READS

updates

Can I own multiple S corps?

You can own and operate multiple S corporations. No problem. The law allows that. With multiple S corporations, you’ll have multiple accounting systems, t...

Aug 26, 2026 • 1 READS

updates

Is a qualified disability trust a special needs trust?

Yes! Until relatively recently, unless written as grantor trusts, special needs trusts were typically treated as “complex” trusts for income tax purposes....

Aug 26, 2026 • 1 READS

updates

How do you introduce a new pastor to the congregation?

Invite the pastor to come to the front. A simple gesture of the hand, a smile, and a “Pastor Jones!” is all that is needed. If appropriate, wait at the fr...

Aug 26, 2026 • 1 READS

updates

Is a 1099-R issued for an IRA transfer?

Q: WHY DID I RECEIVE A FORM 1099-R? A: Form 1099-R reports distributions taken from your IRA, Roth IRA, SEP, SIMPLE, or 403(b) account during 2019. This i...

Aug 26, 2026 • 0 READS

updates

How to determine if you qualify for the foreign earned income exclusion?

If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. You can ...

Aug 26, 2026 • 1 READS

updates

Can an employer keep your W-2 from you?

The IRS requires employers to keep returned undeliverable copies of W-2 forms sent to employees for four years unless electronic copies are available for ...

Aug 26, 2026 • 1 READS

updates

Is gratuity received in India taxable in US?

India and the US have a ‘double tax agreement’, which means essentially that you won’t be taxed twice if you have already paid tax on the gratuity and wag...

Aug 26, 2026 • 1 READS

updates

Can you walk away from a foreclosure?

In California, most foreclosures are nonjudicial, or without the courts, and take around 120 days from default or walk-away to actual foreclosure sale. No...

Aug 26, 2026 • 1 READS

updates

How much tax will I pay if I close my 401k?

10% 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 yo...

Aug 26, 2026 • 1 READS