Is 55 a good time to retire?
Either way, retiring at 55 is considered early. For some investors, it’s too early. But if you’ve been diligently saving and can manage your lifestyle exp...
Published: Jan 20, 2026
What is substantial presence for tax purposes?
The Substantial Presence Test (SPT) is a criterion used by the Internal Revenue Service (IRS) in the United States to determine whether an individual who ...
Published: Jan 20, 2026
What do you need to file Form 706?
Form 706 must be filed by the executor of the estate of every U.S. citizen or resident: Whose gross estate, adjusted taxable gifts, and specific exemption...
Published: Jan 20, 2026
How can I motivate my wife to clean my house?
Think of ways to motivate your spouse by “rewarding” them for their help. Consider offering them a weekend off after a full-month of doing household chore...
Published: Jan 20, 2026
Are IRA distributions taxable in Georgia?
Most forms of retirement income are exempt from Georgia’s state income tax if taxpayers file the proper paperwork. Under this exclusion, income from annui...
Published: Jan 20, 2026
Do subcontractors get a 1099?
A subcontractor is a worker who is not your employee. You give a Form 1099 to a subcontractor showing the amounts you paid him. The subcontractor is respo...
Published: Jan 20, 2026
What does it mean to check-the-box for tax purposes?
entity classification In short, a “check-the-box” election is an entity classification election that is made on I.R.S. Only “eligible entities” can make c...
Published: Jan 20, 2026
What happens if a simple trust fails to distribute income?
“Distributed currently” is a bit of a misnomer. The beneficiary is required to include the income from a simple trust in her gross income for the tax year...
Published: Jan 20, 2026
Can you move to Ireland with an Irish passport?
You can obtain your Irish passport and retire to Ireland through this citizenship even if you want to live in the south of Ireland. If you have Irish born...
Published: Jan 20, 2026
Can you open a irrevocable trust?
If this is how you feel, then you should set up a living irrevocable trust fund. This type of trust can be set up to begin dispersing funds when certain c...
Published: Jan 20, 2026