Is hurricane damage covered by homeowners insurance?
Hurricane Damage Caused by Wind Wind is typically among the perils covered by a standard homeowners insurance policy. However, some policies partially or ...
Category: Updates
When did wives start taking husbands names?
Believe it or not, the practice of a woman taking her husband’s last name is a vestige of a law that dates back to the 11th century. Sometime after the No...
Can Canadians become US permanent residents?
A Canadian citizen who has married a U.S. citizen is generally entitled to apply for permanent residency. The U.S. citizen spouse will file a form known a...
What does an executor of a will do in Colorado?
One of the most important reasons to make a will is to name your executor — commonly called a “personal representative” in Colorado. After your death, you...
What is Box 2 on tax form?
Box 2 — Shows the total federal income tax withheld from your paycheck for the tax year. Include this amount on the federal income tax withheld line of yo...
Is a yacht a wasting chattel?
Tangible movable property which is a wasting asset (e.g., a yacht or a racehorse) is exempt from the charge to Capital Gains Tax (“CGT”). When wasting ass...
How units are allocated in mutual funds?
If you invest before 2 pm in a liquid fund, you will be allotted units at the NAV of the previous day. This will happen only if you also transfer the fund...
What is the tax code for independent contractor?
The 2017 Tax Act includes new Internal Revenue Code § 199A, which provides that individuals who are independent contractors can qualify for a 20 percent t...
Does US and UK have double taxation treaty?
The U.S./U.K. tax treaty—formally known as the “Convention between the Government of the United States of America and the Government of the United Kingdom...
Do companies have different tax years?
However, limited companies have a different financial year, which runs from April 1st one year to March 31st the following year. The government typically ...
