technology insights
Are closing costs tax deductible on rental property?
Only loan interest and real estate taxes are deductible closing costs for a rental property. Other settlement fees and closing costs for buying the proper...
Read Journal 
business
What do I do if I have two W-2 forms?
If you receive multiple W-2 forms, add those amounts and include the total on your IRS Form 1040. In general, if you receive duplicate W-2 forms for the s...
Read Journal
science
Which state does not participate in a combined federal state filing program?
The following states have no state income tax and, therefore, no state 1099 filing requirement. Alaska, Florida, Nevada, New Hampshire, South Dakota, Texa...
Read Journal
education
Can I claim depreciation on my solar panels?
The Tax Cut and Jobs Act changed how we can depreciate solar on the federal level. With the new tax bill, businesses can now depreciate 100% of the cost b...
Read Journal
science
How to be rich when you retire?
10 Guaranteed Ways to Retire Rich Spend less than you earn. Syda Productions / Shutterstock.com. Start saving early. If you start late, make up for lost t...
Read Journal
environment
When do you receive a 1099-R for a deceased spouse?
The 1099-R income was received in Jan 2019 for December 2018. 02-27-2020 06:03 PM On the estate’s 1041. 02-27-2020 07:04 PM If the surviving spouse cashed...
Read Journal
science
How do you find the consumer price paid?
Price consumers pay is obtained from demand equation PT = 20 – QT = 20 – 12 = 8, or taxed supply equation PT = QT/3 + 4 = 12/3 + 4 = 8. 3. Government reve...
Read Journal
arts
Can I live in Nevada and work in Arizona?
You will always file a resident tax return in the state in which you live. Your resident state taxes all of your income regardless of where you earn it. Y...
Read Journal
technology insights
How do I print a hard copy from my phone?
Android Open the file you’d like to print. Tap the menu button. It looks like three stacked dots. Tap “Print”. Tap the drop-down arrow. It’s located near ...
Read Journal
culture
Can a husband and wife file as MFJ?
Even if one spouse has income and the other does not still a husband and wife can file their filing status as MFJ. When married filing jointly tax return ...
Read Journal