local updates
Which W2 do I use for 2018?
You must file Form(s) W-2 if you have one or more employees to whom you made payments (including noncash payments) for the employees’ services in your tra...
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arts
Who am I required to give my SSN to?
You do need to give your Social Security number (SSN) to: Companies from which you are applying for credit: credit cards, loans of any type, cell phone se...
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technology insights
Are there estate taxes on trusts?
They give up ownership of the property funded into it, so these assets aren’t included in the estate for estate tax purposes when the trustmaker dies. Irr...
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education
How much of my Internet bill can I deduct?
The 2 Percent Rule In order to deduct Internet expenses as an employee, you must file Form 2106, Employee-Related Expenses. The IRS limits your deduction ...
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culture
Do landlords need to file 1099-NEC?
Most rental property owners and maintenance vendors are limited liability companies (LLCs), and a 1099-NEC will still need to be filed for those. Pro Tip:...
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health
What percent of tax revenue comes from corporations?
The United States collects fewer revenues from corporations, relative to the size of the economy, than most other advanced countries. In 2019, the latest ...
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science
Can a spouse receive death benefits?
A surviving spouse can collect 100 percent of the late spouse’s benefit if the survivor has reached full retirement age, but the amount will be lower if t...
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education
What if I receive a W-2 after I filed?
You will need to Amend your Return if you have already filed and received more W-2’s.. Wait until your return has been processed and you receive your refu...
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health
Can I file my LLC on my 1040?
To submit taxes as a single-member LLC you’ll file Schedule C with your personal income tax return. On Schedule C you’ll report the income and expenses fr...
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global news
Can you collect disability while married?
You cannot receive benefits as a single person. You must include your common-law spouse’s income on your application for benefits. OW and ODSP will look a...
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