While a grantor may technically be allowed to serve as the trustee of an irrevocable trust he creates, this can cause some problems. Often the grantor wil...

Cover that in solar panels, and you would produce about 1,400 terawatt hours of electricity each year—about two-thirds of which would come from small resi...

Some 68% of Canadians are unsure of the tax rules regarding financial gifting. The good news is that you can give as much cash as you want to any person, ...

You can only deduct meals while away from your tax home overnight, or at least long enough to require a stop to sleep or rest. This means local drivers ca...

Payments qualifying as eligible rollover distributions, which you receive from tax-qualified contracts, are subject to mandatory 20% Federal income tax wi...

Yes, expats are also able to claim this credit for a qualifying child or dependent. The normal child care tax credit requirements apply even if you’re abr...

Here are seven essential qualities to look for in a good bookkeeper: Excellent communication skills. Adept at accounting software and new technologies. Or...

May 15 Form 990, 990-EZ, or 990-PF must be filed by the 15th day of the 5th month after the end of your organization’s accounting period. Thus, for a cale...

While it’s rare that a broker will literally steal his client’s money (though that does happen), typically the “theft” of investment funds comes in the fo...

For practical purposes, we consider marriages of 20 or more years to be very long-term. And practically speaking, it is probably easier to terminate alimo...