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Do taxes get discharged in bankruptcy?

Most tax debts are not discharged in bankruptcy, which means you continue to owe them after your bankruptcy case is concluded. The tax debt was due at lea...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

What is an IRS letter 2645C?

This is a notice or letter from the IRS telling the taxpayer that they have received the correspondence sent into IRS. Many times the IRS has not had time...

Can a US citizen file a non resident return?

You must file Form 1040-NR, U.S. Nonresident Alien Income Tax Return (or Form 1040-NR-EZ, U.S. Income Tax Return for Certain Nonresident Aliens With No De...

How do I prepare for an insurance sales interview?

Insurance sales interview tips Brush Up on the Industry. Prepare to Sell Yourself in a Minute. Talk About Your Selling Prowess. Be Ready for the Tough Que...

Can you live in the US on a TN visa?

Well, the TN visa is a non-immigrant type of visa classification that is available to the citizens of Mexico and Canada. Those who have a TN visa can work...

How do I know if NY State accepted my tax return?

The New York State Department of Taxation and Finance today reminded taxpayers that the quickest way to check the status of their refund is to use the Che...

Is capital subject to depreciation?

Capital depreciation refers to the decline in value of a capital asset. To give a simplified example, if a machine is bought for $10,000 but only has a us...

Is there a waiting period for long-term care insurance?

Most long-term care insurance policies have a waiting period before benefits begin to kick in. This waiting period can be between 0 and 90 days, or even l...

What does redeposited check mean?

: to deposit (something) again : to return (something) to a place or put it in a new place … once you take a distribution from your account, you’ll owe no...

Does a single-member LLC file a 1040?

If the only member of the LLC is an individual, the LLC income and expenses are reported on Form 1040, Schedule C, E, or F. If the only member of the LLC ...