Category : Taxes : Business & Finance

What Is a Living Trust in California?

Taxes
Living trusts in California are legal documents that many people use in place of wills for estate planning purposes. When you establish a living trust you transfer ownership of assets such as real estate and bank accounts to the trust during your lifetime. A trustee manages the trust on a day-to-day

Income Limitations on SSI Benefits

Taxes
With Supplemental Security Income, the Social Security Administration provides monthly payments to low-income U.S. citizens and eligible non-citizens if they are aged 65 or older, blind or disabled. SSI payments provide a financial lifeline to the elderly and disabled who cannot work or cannot find

About Tax-Free Gifts

Taxes
Financial gains received as monetary gifts are generally untaxed. While tax-free gifts can play an important role in your tax calculations and savings strategy, a careful understanding of the legal rules and regulations concerning tax-free gifts is required in order to avoid breaking the laws set by

What Is a Schedule C?

Taxes
A Schedule C is an IRS form filed with a 1040 tax return that reports profit or loss from a sole-proprietorship business. It is made up of five sections. A filer who has diligently kept records and receipts will find it easy to complete Schedule C.

Guide On The Tax System In Spain

Taxes
Here the team at Terry Wright Spain have done some research on the tax system in Spain to give you a better understanding as to how the system works.The tax office in Spain is known as the Hacienda, which is a part of the Ministerio de Economia y Hacienda. Each Spanish province has a head office or