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What was the IRS mileage rate for 2017?

53.5 cents per mile Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 53.5 cents pe...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

How much does critical illness insurance pay out?

Personal critical illness insurance policies offer a variety of benefit amounts, ranging from $5,000 to $75,000. A few policies offer a lifetime maximum o...

Are donations taxable in South Africa?

Donations tax applies to any person (for example: individual, company or trust) that is a resident. Hence, non-residents are not liable for donations tax....

Can bonuses be capitalized?

Examples of the costs a company would capitalize include salaries of employees working on the project, their bonuses, debt insurance costs, and costs of d...

Do pass through entities file tax returns?

Pass-through businesses are not subject to the corporate income tax, but instead report their income on the individual income tax returns of owners. What ...

What contributed to the 2007 financial crisis?

The 2007 financial crisis is the breakdown of trust that occurred between banks the year before the 2008 financial crisis. It was caused by the subprime m...

When did non profits begin?

1917–The Revenue Act of 1917 This part of the law was instituted to help fund the country’s participation in World War I, and was passed by Congress to en...

Has the Duke of Edinburgh passed away?

৯ এপ্রিল, ২০২১ প্রিন্স ফিলিপ, ডিউক অফ এডিনবার্গ/মৃত্যুর তারিখ What happened to Queen Elizabeth’s husband? Prince Philip, Queen Elizabeth II’s husband, has...

What do you call someone who illegally cuts down trees?

Re: Illegally cut down trees A very common term for this practice is illegal logging. Someone who does it is called an illegal logger. What is a tree cutt...

Can a 28 year old buy a house?

There’s no wrong or right time to purchase a house. Legally, you can buy and own real estate at the age of 18, but that doesn’t necessarily mean it’s the ...