culture
What is the standard deduction for married couples?
For 2020, the standard deduction is $12,400 for single filers and $24,800 for married couples filing jointly. For 2021, it is $12,550 for singles and $25,...
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local updates
How does a LLC get taxed as a corporation?
To elect Corporation status, the LLC must file IRS Form 8832 – Entity Classification Election. An S corporation is a type of corporation, not a separate t...
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arts
How far back does Discovery go in a divorce?
You can certainly make discovery requests that go further back than three years, especially if you have good cause to make such requests. There is nothing...
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local updates
How do I file a tax return for a minor child?
Underage children, toddlers or students with a source of income are as a mandate to report to the income tax department and pay relevant taxes. There is n...
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local updates
Can my tenant work from home?
In most cases, the answer should be ‘yes’. If they are working for their employer from their living room via computer for say, three days per week, this i...
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technology insights
How are owners paid in a corporation?
Sole proprietors pay themselves on a draw, partnership owners pay themselves on guaranteed payment or distribution payments, and S and C corporations pay ...
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global news
How can I check if I have paid my tax?
View your HM Revenue and Customs online account to check if your payment’s been received – it should show as paid between 3 to 6 working days later. If pa...
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global news
Can you file a prior year tax return with free file?
Please note you can only file your current year tax return using IRS Free File. You cannot process a prior year return using IRS Free File. Prior year ret...
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arts
What is Form 8288-A used for?
Form 8288. The tax withheld on the acquisition of a U.S. real property interest from a foreign person is reported and paid using Form 8288. Form 8288 also...
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environment
Who are the customers for solar energy?
The Five Types Of Solar Customers The Investment Consumer. The investment consumer is looking for the best financial return on her investment she can get....
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