technology insights
Why did I get a 1096?
You must send the contractors and the IRS a Form 1099-MISC—or, starting in tax year 2020, a Form 1099-NEC—to notify them about the amount of non-employee ...
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arts
How long does it take for 2019 taxes to be approved?
Most refunds will be issued in less than 21 days, as long as the return doesn’t require further review, according to the Internal Revenue Service. Refund ...
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technology insights
What should I do if my husband filed a joint tax return?
If you didn’t sign the joint return, it isn’t valid. 3. At the very least, ask for a credit for 1/2 the tax refund in your decree of dissolution. If you b...
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science
Is it better to file single or divorced?
Divorced or separated taxpayers who qualify should file as a head of household instead of single because this status has several advantages: there’s a low...
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global news
What is an RL 31 slip?
The RL-31 slip provides information about the occupant(s) of a dwelling as at December 31 of a given year. Tenants and subtenants use this information to ...
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arts
Are RMDs back for 2021?
If you delayed your first RMD until April 1, 2020, you avoided both the 2019 and 2020 RMD. However, in 2021 you will have to take your first RMD. This RMD...
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global news
What is a response answer in law?
A Response or Reply to the Opposing Party’s Pleadings is your answer to the opposing party’s document filed with the Court. A Response is the initial answ...
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science
Can sole proprietors deduct startup costs?
Yes, you may be able to deduct your startup business expenses even though you didn’t earn any income. The deduction is reported on Form Schedule C of your...
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business
Does TurboTax work with Robinhood?
This offer is available to Robinhood customers filing 2020 tax returns through the TurboTax Affiliate Program and cannot be combined with any other discou...
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global news
Is cosigning a student loan bad?
Cosigning for a loan allows your child to access a financial product that might otherwise be out of their reach. However, you do risk ruining your credit ...
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