business
When married is it better to file jointly?
The IRS strongly encourages most couples to file joint tax returns by extending several tax breaks to those who file together. In the vast majority of cas...
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education
What is a foreign tax offset?
The foreign income tax offset provides relief from double taxation. You pay tax on your employment income or capital gains you make. To be able to claim a...
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arts
Are foreign assets subject to US estate tax?
Many foreign nationals own U.S. real estate and hold title in their individual names. The U.S. citizen or domiciliary is subject to U.S. estate tax on the...
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environment
What forms need to be attached to a 1040X?
Attach to the front of the Form 1040X: – A copy of any Forms W-2, W-2c (a corrected Form W-2), and 2439 that support changes made on the return – A copy o...
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technology insights
Can a deceased taxpayer file a Final Form 1040?
Losing a loved one is difficult. When preparing and filing a deceased taxpayer’s final Form 1040 (U.S. Individual Income Tax Return), it is important to c...
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education
What do I need to fill out Form W-4?
Any employee filling out Form W-4 will need to fill in their personal information, including: First name and middle initial Last name Social security numb...
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global news
What is box1 W-2?
Box 1 “Wages, tips, other compensation”: This is federal, taxable income for payments in the calendar year. The amount is calculated as YTD earnings minus...
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local updates
How do I cash a check made out to an estate of a deceased person?
In some instances, a person may write you a check and then die before you can cash it. Your check is still valid if this happens. Take the check to your b...
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arts
Why do I suddenly have no internet connection?
There are a lot of possible reasons for why your internet isn’t working. Your router or modem may be out of date, your DNS cache or IP address may be expe...
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science
What is the difference between a 5498 and 1099?
Form 1099-R is issued by the IRS and is part of a series of forms called “information returns.” The form is used to report distributions from annuities, r...
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