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Does a tax attorney do taxes?

Tax attorneys specialize in the minutiae of the IRS tax code. They can use the court system in ways that provide leverage in resolving tax cases. Some tax...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

Why do I have to keep changing my password?

You must change your password in order to ensure the security of your computer account. If your password were not changed on a regular basis, your familia...

Is dependent Care FSA money available immediately?

The money you contribute to your dependent care FSA is deducted from your pay over 10 pay periods (September – June)* and deposited into your account. The...

What is my basis in gifted stock?

The cost basis of stock you received as a gift (“gifted stock”) is determined by the giver’s original cost basis and the fair market value (FMV) of the st...

Are foreign pensions taxed in Germany?

Pensions and other similar remunerations paid to US citizen/green card holder residing in Germany are taxable in both countries. However – you can elimina...

How many years does an accountant need?

Full-time students typically complete a bachelor’s in accounting in four years, though some programs offer accelerated, three-year degrees. Those already ...

Can I contribute to a traditional IRA if I file married filing separately?

You can’t contribute anything at all if you make $10,000 or more. A different set of rules apply if you’re married filing separately and you don’t live to...

What does employee discretionary mean?

A discretionary bonus is extra pay that a company agrees to provide to an employee for specific or unexpected situations. These cash payments are not part...

Is S Corp capitalized?

Because the Internal Revenue Code does not contain any special rules for capitalization of S corporations, a shareholder’s contribution of stock in exchan...

Is 2 Shareholder life insurance deductible?

Two-percent owners can take a corresponding deduction for the cost of their health insurance premiums on their personal tax return. This benefit is treate...