general

What does bare ownership mean?

right of virtual ownership bare-ownership is a right of virtual ownership. For example, the bare owner of a property has no right to occupy it or rent it ...

Published: Apr 25, 2026

general

Do public school teachers get paid during summer break?

Teachers are paid through the summer, but it’s not an hourly wage, teachers receive a salary. Some choose to have that salary divided up by the 10 months ...

Published: Apr 25, 2026

general

Is cash aid and CalWORKs the same?

CalWORKs is a public assistance program that provides cash aid and services to eligible families that have a child(ren) in the home. The program serves al...

Published: Apr 25, 2026

updates

Are you taxed when you exchange currency?

Ordinary exchange contracts are taxed at the ordinary capital gains rate. The rate is based on the length of time the currency was held. If you hold the c...

Published: Apr 25, 2026

updates

Can you refinance your current mortgage?

A mortgage refinance replaces your current home loan with a new one. Often people refinance to reduce the interest rate, cut monthly payments or tap into ...

Published: Apr 25, 2026

updates

Do you have to pay taxes if someone dies and leaves you?

That generally means there are no tax ramifications if you inherit part of a loved one’s estate — as it has already been taxed. “In most cases, if you rec...

Published: Apr 25, 2026

news

What do international business consultants do?

The job of an International Business Consultant is to find ways to improve an international organization’s efficiency, allowing the company to be more pro...

Published: Apr 24, 2026

updates

Is Due Date Extended for tax audit?

The date for furnishing audit report has been extended to October 31, from September 30, for the same assessment year. For corporate taxpayers and individ...

Published: Apr 24, 2026

general

Can Form 2848 be digitally signed?

As long as you can create a Secure Access account and follow authentication procedures, you may submit a Form 2848 or 8821 with an image of an electronic ...

Published: Apr 24, 2026

news

Can a partner in an LLC draw a salary?

Paying yourself with a partnership LLC Partners in an LLC can take their earnings as draws, much like a single-member LLC. However, the partnership is a “...

Published: Apr 24, 2026