Permanent resident. A person who has occupied or has had the right to occupy a room or rooms in a hotel for 30 consecutive days or more. He is not a perma...

My mother passed away on September 18 th, 2011. She had suffered with lung cancer for the year and a half prior to her death. Her suffering was long and d...

Your accountant can provide you with some guidance, but a useful rule of thumb is: Plant and machinery — expense around 15% – 20% of the overall value a y...

There are two types of taxes you need to keep in mind when exercising options: ordinary income tax and capital gains tax. You’ll pay capital gains tax on ...

An employee works two different types of jobs within the same company. The employer wants to track how much time the employee spends on each job, so the e...

If you receive a Form 1099-S, you must report the sale to the IRS regardless of your gain exclusion. You’ll need to attach the form to your Form 1040, and...

A tax refund is a reimbursement to a taxpayer of any excess amount paid to the federal government or a state government. Taxpayers tend to look at a refun...

A short-term capital gain occurs when an investment is sold that’s been held for less than one year, such as a stock. These gains are taxed as ordinary in...

In a regular tax season, if you have federal student loans in default, your tax refund can be used to help make up for what you owe on your loan. This doe...

A virtual assistant is a self-employed worker who specializes in offering administrative services to clients from a remote location, usually a home office...