What happens if you miss a trustee payment?
If you miss payments, a Chapter 13 trustee can file a “Motion to Dismiss for Material Default.” If this motion is granted, your case would be dismissed. I...
Category: Updates
Is an S Corp taxed as a corporation?
S corps don’t pay corporate income taxes, so there is not really an “S corp tax rate.” Instead, the company’s individual shareholders split up the income ...
Should we have a universal basic income?
UBI leads to positive job growth and lower school dropout rates. The guarantee of UBI protects people from sluggish wage growth, low wages, and the lack o...
Do you have to pay tax on Canada pension?
Your CPP retirement pension counts as income and is taxable. Taxes aren’t automatically deducted. You can ask that federal income tax be deducted from you...
What is it called when two families come together?
A blended family or stepfamily forms when you and your partner make a life together with the children from one or both of your previous relationships. The...
How is real estate in a trust taxed?
If your trust holds a home and you sell the property, and if you realize capital gains, you must report the gains on your personal tax return. Your gain i...
Can you have a car allowance and a company car?
Employees can use the money to either buy their own car or lease a vehicle privately. There’s no set rule as to the amount that your employer can pay you ...
Can I volunteer for medical research?
Welcome to Before new medicines are given to patients, they must be tested in approved clinical trials. If you’re a healthy man or woman, aged 18 to 75, y...
Are New York City taxes deductions on federal return?
Beginning with tax year 2018, the Tax Law allows you to itemize your deductions for New York State income tax purposes whether or not you itemized your de...
How long can income be deferred?
However, if a customer made an up-front prepayment for services that are expected to be delivered over several years, the portion of the payment that pert...
