global news
What does it mean when a stock is lowered to sold?
downgrade A stock downgrade occurs when an analyst moves from buy to hold or from hold to sell, indicating that they’ve cooled on a stock’s chances of pro...
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arts
Can an S corp own shares in another S corp?
According to U.S. law, an S corp is limited to 100 shareholders or less. The only exception that allows an S corp to own another S corp is when one is a q...
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health
Do IRS lock in letters expire?
After this, the employee can submit a new Form W-4. The IRS withholding lock-in letter cannot be removed once issued and can only be modified when the emp...
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environment
Will I get a 1099 after Foreclosure?
IRS Form 1099-A is an informational statement that reports foreclosure on property. Homeowners will typically receive an IRS Form 1099-A from their lender...
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local updates
What happens to your social security if you get a pension?
Pensions are not counted toward the earnings test that can reduce your Social Security payments if you continue to work after claiming benefits. Pensions ...
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arts
What to do if employer does not send W-2?
If you still don’t get your W-2, go ahead and contact the IRS to tell them your employer didn’t send it. You may call the IRS toll free at 800-829-1040 Th...
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health
Can I deduct home office remodeling expenses?
Home office repairs and renovations Business owners who work from a dedicated home office – meaning it’s not used for any other purpose besides business –...
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business
How can I get help from TaxAct?
TaxAct is happy to provide FREE Technical and Taxpayer Support by phone for ALL customers using our consumer programs. To contact us by telephone, please ...
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business
Do you have to use TurboTax for 2018 tax return?
For tax years 2019, 2018, or 2017. You’ll need to purchase and download the TurboTax software for PC or Mac as TurboTax Online and the mobile app are only...
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technology insights
Can Americans live in Baja Mexico?
Approximately 1.5 million U.S. citizens live permanently in Mexico and many have put down roots in Baja California’s coastal cities, such as Rosarito Beac...
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