Asked by: Scott Stackiin The iron condor will provide a larger credit but has the potential to lose in both directions. Either vertical spread used in the iron condor will […]
Asked by: Scott Stackiin Should I pay myself a salary from my LLC? Do I need to pay myself a salary? If you’re a single-member LLC, you simply take a […]
Asked by: Scott Stackiin Is income taxable in the year it is earned or when it is paid? Generally, no – almost all taxpayers are on what is called a […]
If I contribute to a Roth IRA and then end up exceeding the income limit, can I withdraw without extra taxes or penalties?
Asked by: Adam Spencer Withdraw your excess contributions You won’t face any penalties if you simply withdraw your excess contribution—plus any income it has earned in the meantime—by the due […]
Asked by: Adam Spencer Disadvantages of a Home Equity Loan Risk:Your home is the collateral. … Going Underwater:If you tap into your home’s equity, and later its value declines, you […]
Asked by: Adam Spencer As a non-resident of Canada, you pay tax on income you receive from sources in Canada. The type of tax you pay and the requirement to […]
Asked by: Steve Ybarra What considered as income? For individuals and businesses, income generally means the value or amount that they receive for their labor and products. Individuals generally consider […]
Is the cost of buying computers, warehouses, and trucks and fixing the roofs all “capital expenditure”?
Asked by: Steve Ybarra Are repairs a capital expenditure? Repairs. The IRS has strict guidelines for how CAPEX should be treated. For example, repairs are considered current expenses, but improvements […]
Asked by: Steve Ybarra How much share do venture capitalists take? between 25 and 50% What Percentage of a Company Do Venture Capitalists Take? Depending on the stage of the […]