Can the IRS levy a business account?
While the IRS can’t levy your business account for your personal back taxes, the IRS can freeze and seize your company’s assets to satisfy your tax debt i...
Published: Jan 19, 2026
Can you extend a 1040NR?
If the taxpayer is unable to file Form 1040-NR by June 15, Form 4868 can be filed up until June 15 to extend the filing deadline by six months, until Dece...
Published: Jan 19, 2026
Who actually holds stock certificates?
There is no question about who owns the stock. The purchaser is the sole owner, and the broker simply maintains the stock in his possession, often using i...
Published: Jan 19, 2026
Can you transfer a sole proprietorship to someone else?
Since a sole proprietorship represents the owner of the business, you cannot actually transfer a sole proprietorship to someone else. However, you are abl...
Published: Jan 19, 2026
What department is above the FTC?
The FTC shares jurisdiction over federal civil antitrust enforcement in the United States with the Antitrust Division of the U.S. Department of Justice. I...
Published: Jan 19, 2026
Are compensatory payments taxable?
Because genuine compensatory payments are not taxable, there is a real attraction to employers paying as much settlement moneys under this heading as poss...
Published: Jan 19, 2026
What is expatriate status?
An expatriate, or ex-pat, is an individual living and/or working in a country other than his or her country of citizenship, often temporarily and for work...
Published: Jan 19, 2026
Are invoices gross receipts?
Gross receipts are your total revenue without subtracting returns or discounts, operating expenses, or unpaid invoices. It’s strictly the total amount of ...
Published: Jan 19, 2026
What is the federal inheritance tax exemption for 2020?
$11.58 million The Internal Revenue Service announced today the official estate and gift tax limits for 2020: The estate and gift tax exemption is $11.58 ...
Published: Jan 19, 2026
How much is my apartment building worth?
Divide the price by the gross annual rent and that’s your GRM. For example, if a similar building was getting $100,000 in annual gross rent and sold for $...
Published: Jan 19, 2026