Some people mistakenly believe that an applicant for Louisiana Long Term Care Medicaid does not own property that belonged to their parents when the parents’ Successions have not been completed. Here’s an example: Grandparents owned a piece of real estate. Grandparents died many years ago leaving two children, a son and a daughter. Either the grandparents’ Wills, or intestate law (you pick) leaves the property to the two children, equally. The grandparents’ successions were never completed leaving title to the property in grandparents’ names. Grandparents’ daughter is now requiring nursing home care and is applying for Louisiana Long Term Care
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TRANSFER OF PROPERTY UNDER S.160 OF THE INCOME TAX ACT: PROPERTY ISN’T PROPERTY TRANSFER OF PROPERTY UNDER S.160 OF THE INCOME TAX ACT: PROPERTY ISN’T PROPERTY I want to explore an important issue when dealing with income tax debt driven insolvency files. The transfer of property under s.160 of the Income Tax Act. transfer of property under s.160 of the Income Tax Act —————————————- CLICK HERE: http://www.irasmithinc.com/blog/transfer-of-property-under-s-160-of-the-income-tax-act-2/ —————————————- More Information about TRANSFER OF PROPERTY UNDER S.160 OF THE INCOME TAX ACT: Income Tax Act ( RSC , 1985, c. 1 (5th Supp.)) – Laws.justice.gc.ca laws-lois.justice.gc.ca/eng/acts/I-3.3/page-187.html 160 (1) Where a person
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Call our office 954-414-1524 to setup a private training/consultation about QuickBooks, Excel, Accounting/Bookkeeping, Taxes, and/or General Business Consulting (rates vary fro $250 to $525) for first consultation depending on length and consultant required. E-mail Hector your questions hector@garciacpa.com To setup a 30-day free trial of QuickBooks Online and then a 50% http://www.quickbooksoffer.com/?cid=irp-4337#pricing
Are you a Canadian planning to sell your property in the United States? This video will review the various cross border tax implications for selling U.S. property and discuss how your taxes can be reduced. 0:27 – 1. 15% Withholding Tax 2:10 – 2. File a Non-Resident U.S. Tax Return 2:33 – 3. Long Term Capital Gain 3:35 – 4. Canadian Income Tax on the Sale of U.S. Property Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts Download any of our free eBooks available on
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Canadians owning rental property (real estate) in US, tax advice in Toronto. 416-626-2727 //m13 http://www.canada-relocation-tax-help.com/ln_4_tax_on_rental_…
Canadians owning rental property (real estate) in US, tax advice in Toronto. 416-626-2727 //m36 http://www.canada-relocation-tax-help.com/ln_4_tax_on_rental_…
For Free Reports from David and his team of advisers, please visit our website: http://www.hasslefreecashflowinvesting.com/investor-education/ Bookkeeping is…
www.canada-relocation-tax-help.com Resident of Canada Immigrant You are a resident of Canada for income tax purposes when you established residential ties within Canada. They are usually established when • Someone who has applied for or received permanent resident status from Citizenship and Immigration Canada • Someone who has received approval-in-principle from Citizenship and Immigration Canada, to stay in Canada • Someone in need of protection But they also can include: • A home in Canada • A spouse or common-law partner and dependants who move to Canada to live with you • Social ties in Canada Rental Property Tax Implications If
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When You Are NOT on the T.I.P.P. Just like I wrote in my previous post, Prepaid Property Taxes: T.I.P.P. and Journal Entries .. the reason one might adjustment the business and property tax accounts on a monthly basis, or at the year-end .. is to make sure that the expense is correct for the fiscal period. I provided an example what to do when you are on a T.I.P. Plan that might be over 10 months .. But, what if you aren’t on the tax instalment payment plan? Should you be adjusting your expense accounts anyway? Or Leave it alone
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