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What is it called when you combine two parcels of land?

A lot consolidation plat is essentially a re-mapping of two or more adjacent lots or parcels of land, combining them into one larger parcel. (This is effe...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

Are donated services deductible?

Donating Services. A charitable deduction is not allowed for services performed by a taxpayer on behalf of a charity or for a taxpayer’s time expended doi...

What counts as doing business in CA?

We consider you to be “doing business” if you meet any of the following: Engage in any transaction for the purpose of financial gain within California. Ar...

Where do I find my total federal income?

Income tax paid is the total amount of IRS Form 1040-line 13 minus Schedule 2-line 46. See the images below that show you where to find Form 1040-line 13 ...

What is the difference between separate and community property?

Separate property refers to any property the spouses acquired separately before the marriage or after separation (or in some states after divorce). At div...

What is the UK tax authority?

The term Her Majesty’s Revenue and Customs (HMRC) refers to the tax authority of the U.K. government. The agency, also known as Her Majesty’s Revenue Serv...

Do moving companies work in the winter?

Movers will enjoy walking around in the cool air, where they are less likely to break a sweat while walking back and forth from their trucks. Speaking of ...

How long must records of CPE be retained?

The AICPA recommends that the best practice is to keep records for at least five years after the educational development program is completed. Examples of...

Is a gift legally binding?

It is a unilateral promise without consideration. California Civil Code Section 1146 defines a gift as follows: “A gift is a transfer of personal property...

Do you have to contribute to a solo 401k every year?

While one of the benefits available under a retirement plan such as a solo 401k plan is the ability to make annual contributions even if you are over age ...