business
What is the Msrra exemption?
It allows military spouses to maintain legal residence in the state where they lived before a permanent change of station move with their active-duty serv...
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technology insights
How can a single member LLC elect s Corp status?
How to Elect S Corp Status Similar to how a corporation elects S corp status, a single-member LLC can become an S corporation by filing IRS Form 255 3. Th...
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health
Can I live and work in Sweden with a British passport?
UK citizens can enter and stay in the Schengen area for a maximum of 90 days in any rolling 180-day period. The Schengen exemption applies from 1 January ...
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local updates
Can I deduct tuition as a business expense?
The IRS allows including tuition expense as a business expense if you meet the requirements. IRS Publication 970 states “You can deduct the costs of quali...
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arts
How are Schedule K-1 partnership withdrawals and distributions taxable?
Are Schedule K-1 Partnership Withdrawals & Distributions Taxable Income? Schedule K-1 is a tax form that a partnership generates to report a partner’s...
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health
Is a referee an independent contractor?
They are independent contractors because they are not supervised while refereeing, they provide their own tools, the duration of their work is short, free...
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global news
Can workers comp be permanent?
You can only make one claim for permanent impairment compensation per injury. Workers who made a claim for permanent impairment before 19 June 2012 can ma...
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health
How do YouTube videos generate revenue?
How to Make Money on YouTube: 6 Effective Strategies Become a YouTube Partner. Sell your own merchandise. Create sponsored content. Get your fans to pay y...
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global news
Can you repay HSA?
Yes, as long as the IRS-qualified medical expenses were incurred after your HSA was established, you can pay them or reimburse yourself with HSA funds at ...
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arts
Do S Corp owners pay self-employment tax?
No Self-Employment Tax! The big benefit of S-corp taxation is that S-corporation shareholders do not have to pay self-employment tax on their share of the...
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