education
What is the tax filing deadline for partnerships?
March 15 If your business is classified as a partnership or an S corporation, you must submit your tax return on March 15 or the 15th day of the third mon...
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health
Should I elect S Corp status?
S Corp election may benefit some corporations because it allows them to avoid double taxation. With S Corporation status, the corporation’s profits and lo...
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local updates
Does a QCD have to go directly to the charity?
You should work with your IRA custodian to correctly accomplish a QCD. The funds must be made payable directly from the IRA to the charity. (Some IRA cust...
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science
What are the most common questions about forming a S corporation?
The list of questions below leads to pages that answer the most common questions I get from CPA firm clients and from website visitors. Therefore, if you ...
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culture
How much is property tax on land in Arizona?
The state of Arizona has relatively low property tax rates, thanks in part to a law that caps the total tax rate on owner-occupied homes. The average effe...
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business
Can a partner take self-employed health insurance deduction?
“Self-employed health insurance premiums. A partner who qualifies can deduct 100% of the health insurance premiums paid by the partnership on his or her b...
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health
How much does it cost to start a LuLaRoe business?
Long story short, most past and current LulaRoe fashion consults seem to peg the initial startup costs at a minimum of about $5,500. That’s a fairly high ...
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environment
Where is the best place to live in North Carolina?
Here’s the complete list of the North Carolina cities ranked in the U.S. News top cities to live along with their national ranking: Raleigh and Durham (No...
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science
Does TurboTax come with a disc?
The disc-based version is the only version that includes a copy of the TurboTax software on an optical disc. However, the installer program included with ...
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global news
How do I know if I have dual status?
You are a dual-status alien when you have been both a U.S. resident alien and a nonresident alien in the same tax year. Dual status does not refer to your...
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