environment
How do you invoice clients for freelance work?
What should be included on an invoice for freelancers Your name and contact information. Your client’s name. Invoice number. Date of invoice issuance. Wor...
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environment
Can the government take inheritance for student loans?
An inheritance can’t be garnished for federal student loans or private student loans. But if you are sued for student loan debt and a court enters judgmen...
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global news
How do you buy a car from an independent seller?
Checklist for buying a car from a private seller Before seeing the car, look up the fair market value of the vehicle using Kelley Blue Book. Ask the selle...
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technology insights
What does it mean to owe back taxes to the IRS?
Back taxes are any amount that you still owe the IRS for income tax assessments in previous tax years. These may have been incurred due to underpayment of...
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arts
What does it mean when a house is off the market but not sold?
In real estate, “off market” refers to a house that is not listed for sale. Here, “off market” means a house that sold without being listed on the Multipl...
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arts
How long do you have to live in California to file taxes?
A. California law applies a “nine-month presumption” to visitors. That is, if you spend more than 9 months in California in any tax year, you are presumed...
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education
Does the IRS get notified of a divorce?
How Does The IRS Know About Your Divorce? The IRS has the single greatest databank of personal information ever collected on American citizens. Divorce is...
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education
Is a 1041 required if no income?
Form 1041 is not needed if there is less than $600 of gross income, there is no taxable income and there aren’t any nonresident alien beneficiaries. Can y...
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science
Can you rollover 401K to traditional IRA?
Can I roll over assets into my Traditional IRA? Yes, you can but it’s important to be aware that if you do roll pre-tax 401(k) funds into a traditional IR...
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education
What is section 174 expenses?
Section 174 requires that R&E expenses be incurred “in connection with a trade or business” in order to be currently deductible. All that is required ...
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