science
Can I file head of household if married to an illegal alien?
If you are a U.S. citizen married to a nonresident alien, you may qualify to use the head of household tax rates. However, your spouse is not a qualifying...
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health
Are Excise and sin taxes the same?
A sin tax is an excise tax on socially harmful goods. An excise tax is a flat tax imposed on each item sold. The most commonly taxed goods are alcohol, ci...
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education
How do you keep track of remote employees?
Time Doctor. Time Doctor is one of the most powerful time tracking tools for 2021. Toggl. Toggl is a great virtual software to see if remote employees are...
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global news
Are there any new tax deductions for 2018?
Under the new tax law, her personal deduction is zero in 2018 and her standard deduction is $12,000. In this example, the single taxpayer has a larger ded...
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technology insights
How do I cancel a W2 on TurboTax?
It’s easy to remove a W-2. Open or continue your return. Search for W-2 using the search in the upper right corner and then click the Jump to link in the ...
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local updates
How are proceeds from real estate transactions reported on Form 1099?
IRS Form 1099-S Proceeds From Real Estate Transactions is used to report proceeds from real estate transactions. Where this information is reported depend...
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global news
Does TurboTax do C Corp?
This will be the first year of filing taxes for the business. For a C-Corp, you must use TurboTax Business (different from Home & Business). You can p...
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arts
Can a tax refund be split between two accounts?
You can split your refund among up to three different U.S. financial institutions as long as they will accept a direct deposit to your account. Remember: ...
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technology insights
Can you write off a travel trailer for business?
Yes, your RV can be a tax write-off, no matter how long you’ve owned it. New and used RVs are both eligible for tax deductions in many states. Can you wri...
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business
What is advance assessment in taxation?
Advance tax: You need to pay advance tax if you are a salaried taxpayer with other sources of income like interest on deposits and your tax liability for ...
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