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Is there capital gains tax in Panama?

Panama imposes no income, corporate, capital gains, or estate taxes on offshore entities that only engage in business outside of the jurisdiction. Panama ...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

Are health insurance premiums tax deductible in 2017?

In 2017 and 2018, the cutoff was also 7.5%. Expenses that qualify for this deduction include premiums paid for a health insurance policy, as well as any o...

Is it worth keeping gas receipts for taxes?

If you’re claiming actual expenses, things like gas, oil, repairs, insurance, registration fees, lease payments, depreciation, bridge and tunnel tolls, an...

Can a Canadian borrow money from a US bank?

Yes, Canadian Nafta professionals can take out a loan in the U.S. While there aren’t specific loans for Canadians in the U.S., Canadians can qualify for p...

What is an IRS guidance?

A regulation is issued by the Internal Revenue Service and Treasury Department to provide guidance for new legislation or to address issues that arise wit...

Can you move into a house with a construction loan?

In a construction-to-permanent loan (also referred to as a single-close loan), you borrow money in order to pay for the construction of the home itself. O...

Who is richest software engineer in India?

Shiv Nadar – $14.4 billion. Shiv Nadar is the founder and chairman of HCL Technologies. He is currently the richest tech billionaire in India according to...

Does a spouse automatically inherit life insurance?

Community property states Your life insurance payout may automatically go to your spouse — regardless of whether you name a beneficiary — if you live in a...

What is IRS Form W8 used for?

In a nutshell, a W 8 form is used by foreign businesses and non-resident aliens earning income from U.S. sources. Its purpose is mainly to let brokers and...

Do I have to file taxes if my AGI is 0?

Important note: If you efiled (or filed) your 2019 Tax Return later in 2020 (after September), then the IRS most likely will NOT have an updated 2019 AGI ...