local updates
Can you still file a tax return for 2012?
You can still file 2012 tax returns. Even though the deadline has passed, you can file your 2012 taxes online in a few simple steps. Our online income tax...
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business
How much does it cost to start a small business in Illinois?
Incorporation: $150 filing fee + franchise tax ($25 minimum) + optional $100 expedite fee. The expedite fee is required if you file online. Franchise tax ...
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health
Does 1099q need to be reported?
The person or entity who manages the education program has an obligation to report annual distributions on Form 1099-Q to the IRS and to the beneficiary. ...
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technology insights
How do I find out what subscriptions I have?
Android users can do the same from Google Play. Click your profile icon in the app and select Payments & subscriptions > Subscriptions to view a li...
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science
Can you file as head of household if you are married?
To qualify for the head of household filing status while married, you must be considered unmarried on the last day of the year, which means you must: File...
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technology insights
Does section 1231 apply to corporations?
Section 1231 property receives a special benefit under the Internal Revenue Code. The tax code allows this because certain gains for IRC 1231 assets fall ...
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science
Is an RMD considered income?
Your required minimum distribution is the minimum amount you must withdraw from your account each year. Your withdrawals will be included in your taxable ...
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business
Should I have additional money withheld on my w4?
The more allowances you claim, the less income tax is withheld from your pay. Fewer or zero allowances mean more income tax is withheld from your pay. To ...
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science
What is a DBA in real estate?
Regarding “Fictitious Business Names” The Real Estate Law requires that a fictitious business name (also known as a DBA) must appear. on your broker or co...
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education
Can a child be claimed as a dependent by a divorced parent?
The taxpayer is entitled to claim the child as a dependent or would have been so entitled except that the taxpayer released a claim to exemption for the c...
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