How long does it take to get residency in NY?
To qualify as a New York State resident, you must have established legal residence by maintaining a domicile in New York State for a period of at least on...
Knowledge Base
Latest insights and tutorials from the The Daily Insight team.
Is it necessary to have a colonoscopy after age 70?
The USPSTF says screening colonoscopies should be performed on a case-by-case basis for people between the ages of 76 and 85, and it recommends no screeni...
Read More →Can a landlord sell a house during a lease in Virginia?
Yes, a landlord can certainly sell his property, even with you living there under a lease. The good news is that the lease doesn’t go away. The law requir...
Read More →Can donating clothes be a tax write off?
Your monetary donations and donations of clothing and household goods that are in “good” condition or better are entitled to a tax deduction, according to...
Read More →Do you qualify to take the bonus depreciation deduction?
Eligible Property – In order to qualify for 30, 50, or 100 percent bonus depreciation, the original use of the property must begin with the taxpayer and t...
Read More →Why would a corporation offer a stock option to employees?
Stock options are a benefit often associated with startup companies, which may issue them in order to reward early employees when and if the company goes ...
Read More →Is a retirement annuity paid monthly?
Your traditional pension plan is designed to provide you with a steady stream of income once you retire. That’s why your pension benefits are normally pai...
Read More →Do retirement withdrawals count as income?
Withdrawals from 401(k)s are considered income and are generally subject to income tax because contributions and growth were tax-deferred, rather than tax...
Read More →How often can you change entity classification?
In most circumstances, the LLC’s owners have the right to choose the company’s tax classification when the company is set up and can change that classific...
Read More →Is a grantor trust a good idea?
Grantor trusts can provide wealth preservation by giving the assets within the trust certain asset protection, keeping these assets out of the grantor’s e...
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