arts
Do you have to file taxes if your only income is social security?
The IRS requires you to file a tax return when your gross income exceeds the sum of the standard deduction for your filing status plus one exemption amoun...
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education
Can I rollover a traditional IRA to another traditional IRA?
You can rollover funds from any of your own traditional IRAs, but you can also roll over funds to your traditional IRA from the following retirement plans...
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local updates
What are the advantages of offering a severance package to your departing employees?
Some employers choose to offer severance pay to employees who are terminated, either involuntarily or voluntarily. The primary reasons for offering a seve...
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arts
How do I fill out a 4506 T non-filing?
4506-T Instructions Fill out lines 1-4, if applicable. List your BYU ID number on line 5. Check box 7 (for Verification of Non-filing). On line 9 enter 12...
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culture
Is disability insurance pay taxable?
State Disability Insurance (SDI) SDI benefits are taxable only if paid as a substitute for unemployment insurance (UI) benefits. When SDI benefits are rec...
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science
What form is used for gambling winnings?
Form W-2G File Form W-2G, Certain Gambling Winnings, to report gambling winnings and any federal income tax withheld on those winnings. How do I get my w2...
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local updates
Can S Corp officer deduct auto expenses?
[UPDATED] Can I Deduct my Business-Related Auto Expenses on my S-Corp Taxes? If you use your personal vehicle for business, you may be able to deduct the ...
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arts
Do gifts of community property require a gift splitting election?
For residents of community property states, if community property is given, gift splitting is not necessary. Regardless of who holds the property’s title,...
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education
Do attorneys need to fill out a W9?
Payments to corporations as vendors generally do not require a W-9 form with the exception of attorneys and law firms. There are many various 1099 forms f...
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science
How long does it take to establish residency in Minnesota?
183 days You are considered a Minnesota resident for tax purposes if both apply: You spend at least 183 days in Minnesota during the year. Any part of a d...
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