Can a law firm be a partnership?
Most large law firms offer two forms of partnership: equity and nonequity. An equity partnership is a true partnership, so you’ll need to fund your buy-in...
Jan 14, 2026 4 VIEWS
Topic: News
3625 Articles 
Are taxes included in fixed asset?
Purchased assets. In the least common scenario, a company buys a fixed asset, which includes a sales tax. In this case, it is allowed to include the sales...
Jan 14, 2026 4 VIEWS
Does New Jersey allow NOL carryback?
NOLs may not be carried back to prior tax years for New Jersey tax purposes. New Jersey law does not permit carry forwards of NOL deductions where there h...
Jan 14, 2026 4 VIEWS
Can an ex-spouse be a qualifying relative?
In short, an ex-spouse does not qualify you to claim Head of Household (HOH), and if you do not have a qualifying dependent to claim HOH, you should not c...
Jan 14, 2026 5 VIEWS
Can a one person business be an S corp?
As a single member LLC, you can elect to be taxed as an S-Corp as long as the election is made no more than two months and 15 days after the beginning of ...
Jan 14, 2026 5 VIEWS
Who is eligible for 1095-A?
Only people who buy coverage through the Marketplace are eligible for the Premium Tax Credit. If you bought your plan there, you should get a Form 1095-A,...
Jan 14, 2026 4 VIEWS
Is life insurance an endowment plan?
Endowment plans are life insurance policies with dual purpose. An endowment policy can be used by you to build a risk-free savings corpus, while providing...
Jan 14, 2026 3 VIEWS
Does New Jersey have a convenience of the employer rule?
To add to the complexity, Connecticut, Delaware, Nebraska, New York, New Jersey, and Pennsylvania have a “convenience of the employer rule”: if the employ...
Jan 14, 2026 4 VIEWS
What is a senior at an accounting firm?
What is a senior accountant? Senior accountants take ownership of reporting costs, productivity, margins and expenditures for companies and organizations....
Jan 14, 2026 4 VIEWS
What is a Schedule 1041?
Form 1041 allows for an “income distribution deduction” that includes the total income reported on all beneficiary K-1s. You must prepare a Schedule B att...
Jan 14, 2026 5 VIEWS
Is scholarship considered income CRA?
post-secondary school scholarships, fellowships, and bursaries received in 2020 are not taxable if you are considered a full-time qualifying student for 2...
Jan 14, 2026 5 VIEWS
Can you shoot an intruder in your house in California?
Can You Shoot a Home Intruder in California? In California, if someone breaks into your home, for example, you are permitted to use deadly force to protec...
Jan 14, 2026 5 VIEWS