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Why are corporations needed?

Corporations offer the strongest protection from business liability for the business owners, or shareholders. Corporations will pay their own taxes, can o...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

Can I change the day I get paid Universal Credit?

For those struggling from monthly payments, the DWP can also change how claimants are paid. Through their Alternative Payment Arrangement system, you can ...

Is the sale of C Corp stock subject to NIIT?

For C corporation shareholders, the NII tax applies to any dividends paid by the corporation and to any gain on the sale of the C corporation stock. The l...

Can you 1031 a residence?

A 1031 exchange generally only involves investment properties. Your primary residence isn’t typically eligible for a 1031 exchange. Even a second home tha...

Which is the hardest country to get tourist visa?

Hardest countries to get a visa China. Russia. Saudi Arabia. Bhutan. Pakistan. Nigeria. Turkmenistan. Iran. Do tourist visas get rejected? Visa Denials Ba...

Are lawsuit settlements taxable in Massachusetts?

Massachusetts, like the federal government, imposes taxes on punitive damages and emotional damages not related to physical injury. Similarly, settlements...

How do I file a late Form 8832?

To make a late election under the provisions of the revenue procedure, an eligible entity must file a completed Form 8832 with the applicable IRS Service ...

Is California a recourse or nonrecourse state?

Home mortgages—though generally recourse—are non-recourse in 12 states: Alaska, Arizona, California, Connecticut, Idaho, Minnesota, North Carolina, North ...

How do I update my bank account number?

Opening a new bank account is the only way to effectively change your bank account number. This can be done before, after or at the same time of closing y...

What do I do with a small estate affidavit?

A small estate affidavit is a form one can complete to speed settlement of a small estate through probate. It eliminates the need for a spouse or family m...