The Daily Insight

Featured Article

Can I pay rent to my S Corp?

The S corporation can pay you rent for the home office. The S corporation can pay you for the costs of a home office under an “accountable” plan for emplo...

Read Full Article Browse updates

Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

Where do I send my DT individual form?

Send your completed form DT-Individual to the taxation authority of your country of residence. By doing this, you’re consenting to the taxation authority ...

Can you retire early if you have a disability?

If you are found disabled, you are no longer penalized for taking Social Security early retirement. You will get a larger disability benefit, plus your fu...

What are the 3 main types of crypto exchanges?

Most exchanges are more focused on providing services to help you exchange a cryptocurrency such as Bitcoin, into other digital currencies like Ethereum, ...

Does a corporation dissolve when the owner dies?

Corporation or S Corporation. Corporations do not die when a business owner dies. On Sue’s death, her estate would become the owner of her shares. How do ...

How long can you live on 50k savings?

2% Interest Monthly Spending Runs out in $100/mo 89.7 years $200/mo 27.1 years $300/mo 16.4 years $400/mo 11.8 years How much can you save on 50k? What pe...

Do I have to pay taxes on digital products?

California – Digital products are tax exempt in California. The “sale of electronic data products such as software, data, digital books (eBooks), mobile a...

Can an LLC taxed as a partnership own an S Corp?

A corporation electing under IRC section 1362 to be taxed as an S corporation is subject to various ownership restrictions, including the requirement that...

Do you have to step down basis at death?

Thus, in situations where the value of an asset has declined since a decedent’s original purchase, a beneficiary will generally have to step down the basi...

Can a stillborn child be claimed as a dependent?

You are allowed one exemption for each person you can claim as a dependent. According to the IRS Frequently Asked Questions, you are not allowed a depende...