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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...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

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...

Can you add home improvements to your taxes?

When you make a home improvement, such as installing central air conditioning or replacing the roof, you can’t deduct the cost in the year you spend the m...

Do I need to file sales tax for eBay sales?

No. eBay only collects and remits Internet Sales Tax on the sale price of your items. Depending on tax legislation where you live and where your buyer liv...

How long after award letter do you get paid?

You can usually expect your back pay and first monthly check to start 30-90 days after the award letter. As far as insurance is concerned, if you were app...