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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, ...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

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...

What are the tax laws in Massachusetts?

Massachusetts’ personal income tax laws are relatively straightforward: income is generally taxed at a 5.85 percent rate. As in many other states, partner...

Can you draw Soc Sec at 62?

You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full r...

What are three impacts of the automobile?

The automobile gave people more personal freedom and access to jobs and services. It led to development of better roads and transportation. Industries and...

Should I elect to have my LLC taxed as a corporation or S-Corp?

The main advantage of having an LLC taxed as a corporation is the benefit to the owner of not having to take all of the business income on your personal t...