Calendar Year in Taxation

It is possible to choose your own fiscal year for taxation, but the benefits from doing so rarely outweigh the disadvantages in a small business. You can only choose a fiscal year different than the calendar year if your business is designated as a C corporation, and

Community Property vs Common Law Property

There are basically two types of property law in the United States.  One is common law property, which is based on British law, and the other is community property law, which is based on Spanish law.  Those states where the Spanish influence was strong tended to become