environment
When do you have to file tax year?
A “tax year” is an annual accounting period for keeping records and reporting income and expenses. An annual accounting period does not include a short ta...
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technology insights
Can a partner be paid a salary?
Under the IRS’ view, an individual cannot be both a partner and an employee for purposes of wage withholding, payroll taxes or FUTA (Revenue Ruling 69-184...
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technology insights
Can I start a business as an S Corp?
You can start an S corporation (S corp) by forming a limited liability company (LLC) or a corporation and electing S corp status from the IRS when you app...
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business
How do I link two Discover accounts?
First, if you have multiple accounts with Discover, the next time you login you should be prompted to link them. After clicking “Get Started” you will be ...
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local updates
What is a letter of non-filing?
An IRS Verification of Non-filing Letter provides proof that the IRS has no record of a filed Form 1040, 1040A, or 1040EZ for the year you requested. Non-...
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environment
Can an employer force you to take retirement?
The law no longer allows your employer to force you to retire at 65, or any other age, unless there is a contractual retirement age in place where you wor...
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culture
How can I tell if someone else has claimed my child?
In most cases, you’ll never know that someone else claimed your child, unless you get a notice that your return is rejected because someone has already cl...
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health
When do I have to file unfiled tax returns?
To calculate the six-year period, count backward from the current year due. If the IRS obtains managerial approval, you may be required to file unfiled re...
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environment
How do you terminate worthless securities?
Worthless securities also include securities that you abandon. To abandon a security, you must permanently surrender and relinquish all rights in the secu...
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education
What does it cost to live in a mobile home park?
Secondly, how much does it cost to live in a mobile home park? In most states, you can expect to pay around $200-$300 per month. However, it depends on th...
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