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Can you get long-term disability for your spouse?

Workers who have a long-term disability and have earned sufficient Social Security credits are often entitled to a monthly Social Security disability (SSD...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

What is reasonable cause for filing late?

Sound reasons, if established, include: Fire, casualty, natural disaster or other disturbances. Inability to obtain records. Death, serious illness, incap...

Are waiting time penalties taxable in California?

The waiting time penalty is not wages, thus, no deductions are taken from the penalty payment. How are waiting time penalties taxed? IRS Confirms Californ...

What is the difference between divorce order and divorce decree?

A court decree that terminates a marriage; also known as marital dissolution. When a marriage breaks up, divorce law provides legal solutions for issues t...

Can US naturalized citizen sponsor family members?

Which relatives may I petition for? A U.S. citizen who is at least 21 years or older may also petition for the following relatives: Parents; • Brothers or...

What are the 4 types of corporate responsibility?

Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility. How do y...

How much will I pay if I cash out my 401k?

If you withdraw funds early from a 401(k), you will be charged a 10% penalty tax plus your income tax rate on the amount you withdraw. In short, if you wi...

Can you visit your home country if you get asylum?

Asylees can travel outside the United States with refugee travel documents. It is essential that the asylee not return to her home country until she has b...

Can an LLC be owned by an S corp?

An S corp can own an LLC. Limited liability companies (LLCs) have owners (members) that can be individuals or other business entities. An S corporation (S...

How much tax do you pay on inherited IRA?

You will pay taxes on the amount of the distribution but no 10% IRA early withdrawal penalty tax. If you choose this option, you must cash in the entire i...