Do you always have to file jointly if married?
Married couples have the option to file jointly or separately on their federal income tax returns. In the vast majority of cases, it’s best for married co...
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Can freelancers hire other freelancers?
The client has hired you to do the job, not another freelancer. However, if the client is aware you work as part of a team, you are free to hire another f...
How do I become an educational assistant in Canada?
Minimum requirements are: grade 12 and experience/training in working with young people is stated as minimum requirements in some schools. proficiency in ...
Will a felony show up after 20 years?
The Fair Credit Reporting Act (FCRA) allows felony arrests to be reported on background checks for seven years after release from prison. Felony convictio...
What happens to annuity when spouse dies?
If the annuity is structured as a joint life annuity, it guarantees payments for both the lifetime of the annuitant and that person’s spouse. Upon one spo...
What happens when you do a deed in lieu of foreclosure?
A deed in lieu of foreclosure can release you from your mortgage responsibilities and allow you to avoid a foreclosure on your credit report. When you han...
Can I add margin interest to cost basis?
Yes, you can deduct margin interest provided it is paid in that year, and you also can only deduct interest expense on money borrowed to buy securities or...
What does it mean to be declared insolvent?
A person is insolvent when his liabilities exceed his/her assets. Inability to pay debt is, at most, merely evidence of insolvency. A sequestration order ...
Can a trust beneficiary do a 1031 exchange?
Yes, an irrevocable trust can do a 1031 exchange under certain circumstances. A trust is when a benefactor, or grantor, designates a third party, called a...
Can a sole proprietor sell shares?
Sole Proprietorships & Partnerships Sole proprietorships and partnerships are free to seek outside investors. However, they cannot sell shares that ar...
