Can companies pay for living expenses?
Some businesses pay housing expenses—the IRS calls them lodging expenses—for employees. Depending on the circumstances, certain housing and living benefit...
What is a qualified individual with a disability?
A qualified individual with a disability is a person who meets legitimate skill, experience, education, or other requirements of an employment position th...
Can a US citizen live in Mexico and work in the US?
The National Institute of Immigration oversees all immigration in Mexico and issues work visas. Any foreigner who wants to work in the country must obtain...
Can spouses be partners in a partnership?
A business jointly owned and operated by a married couple is a partnership (and should file Form 1065, U.S. Return of Partnership Income) unless the spous...
Should I enter cost basis or adjusted cost basis?
When you sell your stock, your cost basis should be adjusted so you don’t pay taxes on this amount again. During tax season, Fidelity will issue two forms...
Can a lawyer refund your money?
The lawyer has a right to withdraw the money after the fees are “earned” by the lawyer. As for cases where the client has already paid in full, the client...
Can painting be claimed as a tax deduction?
At the other end of the spectrum, there are the costs that are put towards maintenance of the rental property, which are also tax deductible. The ATO reco...
Do I need approval to come back to Dubai?
All passengers arriving to Dubai must comply with the following: Dubai visa holders must apply for pre‑entry approval through General Directorate of Resid...
What does capital get in return?
What Is Return of Capital (ROC)? Return of capital occurs when an investor receives a portion of their original investment that is not considered income o...
How do I report a 1040 OID?
Generally this is reported as tax-exempt interest on the tax return on Form 1040, Line 8b. However, in certain cases a portion of this amount may be consi...
