education
What is a statement of insolvency?
A Statement of Affairs is a document detailing a company’s assets and liabilities. Generally prepared by a liquidator or appointed professional during cer...
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environment
Can you 1099 an employee bonus?
In short, employee bonuses are always taxable as employee benefits and are therefore subject to employment taxes. If the recipient is an employee, the emp...
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health
Can You claim a 24 year old disabled child?
Can I claim my 24 year old disabled child who receives SSI as a dependent? permanent and total disabled are considered qualifying children regardless of a...
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environment
Do I need to amend my tax return for a 1099g?
You cannot file an amended return electronically. You will need to include paper copies of your amended return and the missing 1099-G. You may be required...
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culture
What is the difference between sole proprietor and self-employed?
A sole proprietor is self-employed because they operate their own business. When you are self-employed, you do not work for an employer that pays a consis...
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arts
How do I transfer my TurboTax 2019 to another computer?
Launch TurboTax on the old computer. Open your tax return, click “File” and choose “Save As” from the menu. Select the destination folder and type a name ...
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health
What is minimum threshold for payout?
Payment thresholds involve two factors: (1) minimum payment – $25, $50, $100, etc. This continues until the accumulated commission is greater than the min...
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local updates
What are the most common questions about IRAS?
Bankrate queried finance professionals to find out which questions come up most often. It turns out that literally all aspects of IRAs are potentially con...
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business
Is it bad to apply for a credit card and not use it?
The short answer is that nothing is likely to happen if you don’t use your credit card for a few months. Not using your card could actually help your cred...
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arts
How much loss can I claim on rental property?
Generally, the “passive losses” from a rental property can only offset “passive income”, and can’t offset other income. In some cases there is a special r...
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