How do you remit a non-resident tax?
To order Form NR92, Non-Resident Tax Remittance Voucher, call the CRA at 1-855-284-5946 from anywhere in Canada and the United States or at 613-940-8499 f...
Category: Updates
Can I offset rental income against rent paid?
Answer: Firstly, it is important to understand that the rent that you are paying for your rented accommodation can not be offset against any rent that you...
When to file a s Corp tax return?
Today, there are two paths. If we can file the S Corp tax return (Form 1120S) by March 15, then we send off the Form 2553, wait for the IRS to approve and...
How to report the sale of goodwill created upon the purchase?
S CORPORATION SALE OF ASSETS AS FOLLOWS. GOODWILL 100000. Sold s Corp in 2017. No cash paid in 2017. Buyer took all Sold s Corp in 2017. No cash paid in 2...
Can I File 1096 late?
If you’re submitting Form 1096 with Forms 1097, 1098, 3921, 3922, or W-2G, the deadline is February 28. If you file any of these forms late, the penalty i...
Are layoffs based on seniority?
Seniority becomes important when employers make the unhappy decision to lay off employees. Employment lawyers recommend seniority as a factor in their lay...
Can permanent residence be taken away?
Yes, you can lose your permanent resident (PR) status. If you haven’t been in Canada for at least 730 days during the last five years, you may lose your P...
Can you write off owed taxes?
Generally, individual taxpayers who itemize their deductions can deduct state or local taxes in the year they are paid. If you owe money to the IRS and ar...
How do you know if a stock is being short sold?
For general shorting information—such as the short interest ratio, the number of a company’s shares that have been sold short divided by the average daily...
Does caregiving shorten your life?
A new study by Ohio State University in conjunction with the National Institute on Aging has shown that adult children caring for their parents, as well a...
