arts
Can I use TurboTax code online?
A license code is not entered on or used with the TurboTax online editions. It is only used with the TurboTax software that you install on a personal comp...
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arts
Do S corp owners pay Social Security?
The big benefit of S-corp taxation is that S-corporation shareholders do not have to pay self-employment tax on their share of the business’s profits. Thi...
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arts
Does broker report to IRS?
Brokers must submit a 1099-B form to the IRS as well as sending a copy directly to every customer who sold stocks, options, commodities, or other securiti...
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education
How can I get my tax file number for free?
If you already have a TFN and don’t remember the number, you can find it online in ATO online services via your myGov account. If you don’t have a myGov a...
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health
What is an S Corp basis schedule?
Unlike a C corporation, each year a shareholder’s stock and/or debt basis of an S corporation increases or decreases based upon the S corporation’s operat...
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global news
Can I deduct IRA contributions in 2019?
Eligible taxpayers can usually contribute up to $6,000 to an IRA for 2019. The limit is increased to $7,000 for taxpayers who were age 50 or older by the ...
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business
How do small businesses keep track of income?
Here’s how you can track your business expenses: Open a business bank account. Choose an appropriate accounting system. Choose cash or accrual accounting....
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local updates
What is personal virtual assistant?
A virtual assistant is a self-employed worker who specializes in offering administrative services to clients from a remote location, usually a home office...
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technology insights
What is the exact date or when is the exact date?
The exact day is the day of the week: Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, or Saturday. The exact date is the date of the year, from Janu...
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culture
What is excluded from the term foreign earned income?
You have foreign earned income if you receive wages through employment or compensation through self-employment for services you perform in a foreign count...
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