education
Can a C Corp file an S Corp?
If your business is currently incorporated but has not yet filed an S-Corp election, it is what’s considered a C-Corp. In comparison, an S-Corporation off...
Read Journal 
business
Is traveling nurse stipend taxable?
For travelers, stipends are tax-free when they are used to cover duplicated expenses, such as lodging and meals, and do not have to be reported as taxable...
Read Journal
science
Can you file W-2 from different states?
Yes, this can be done in TurboTax. You will need to file one federal return and two state returns. TurboTax will walk you through completing your federal ...
Read Journal
health
Can I lodge a trust tax return online?
You can lodge your tax return: with a registered tax agent. online with myTax if you’re a sole trader. with standard business reporting enabled software i...
Read Journal
local updates
Are there any other forms like Schedule K-1?
There are actually two more forms that the IRS calls ‘Schedule K-1’: Although these forms are similar, in this guide we’ll focus exclusively on Schedule K...
Read Journal
science
What makes a state a state?
It must have a territory, with a permanent population, subject to the control of a government, and the capacity to conduct international relations (sovere...
Read Journal
arts
How are tax rates obtained?
The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned ...
Read Journal
health
How much does it cost to open a Delaware company?
Cost to Form an LLC in Delaware. The cost to start a Delaware limited liability company (LLC) online is $90. This fee is paid to the Delaware Department o...
Read Journal
local updates
How can I write off my timeshare?
Let’s take a look at some of the best tax deduction opportunities for your timeshare: Maintenance fees. The money you pay to maintain the property may be ...
Read Journal
science
What kind of property can be sold on Form 4797?
Form 4797 – Sale of Business Property Type of Property Held 1 year or less Held more than 1 year 1 Depreciable trade or business property: a Sold or excha...
Read Journal