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How do I get an income tax statement?

Here’s how to get a transcript: Order Online. The fastest way to get a Tax Return or Account transcript is through the ‘Get Transcript’ tool available on ...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

Can as CORP be a partner in a partnership?

Any corporation can be a partner in a general partnership, including an S corporation. While a general partnership is not a legal entity, it is a formal b...

Can an S Corp pay rent for a home office?

S-corporation home office deductions, reimbursements and expenses. The S corporation can pay you rent for the home office. The S corporation can pay you f...

Can children of diplomats get citizenship?

In short, no — a child born in the United States to a foreign diplomatic officer does not receive U.S. citizenship at birth. What is diplomatic visa? Amba...

How do I report someone running a scam?

To file a complaint of fraud, identity theft, pyramid schemes, or other scams, head to the U.S. Federal Trade Commission (FTC) website. At the top right, ...

Is there GST on used cars from a dealer?

GST on second-hand cars “A used car bought privately, from a private seller’s driveway, is not subject to GST but an identical car bought from a dealer do...

What is the best type of account to day trade?

For this reason, I recommend that most day traders with accounts who don’t meet the PDT requirement either split their account into two margin accounts, g...

Can real estate loss offset capital gains?

Yes, but there are limits. Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted ag...

Can a domestic partner be a legal US resident?

U.S. immigration law does not recognize domestic partner relationships. Unless you marry, you cannot petition for him for permanent residence. Can foreign...

How do I calculate the selling price of my business?

There are a number of ways to determine the market value of your business. Tally the value of assets. Add up the value of everything the business owns, in...