business
What happens if you file your taxes late in 2019?
You can still file late and receive your refund up to three years after the initial deadline; however, if you haven’t filed your 2019 taxes by April 15, 2...
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health
Do you pay taxes on death insurance money?
Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren’t includable in gross income and you don’t ha...
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technology insights
What is a 943 report?
Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees, is used to report federal income tax, Social Security and Medicare Tax, as well...
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local updates
Can you use your personal vehicle for business?
If you get into a collision while you’re using your personal vehicle for business purposes that aren’t covered by your policy, you’ll be on the hook to co...
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education
How do I start an LLC in Bulgaria?
Steps in opening a company in Bulgaria Choose, verify and reserve the business name for your OOD in Bulgaria. Appoint the representative agent for your co...
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environment
How long does it take for Turbotax to process refund?
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Rem...
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technology insights
Is a child born out of live in relationship legitimate?
The Supreme Court in Vidyadhari v Sukhrana Bai passed a landmark judgement wherein the Court granted inheritance to the children born from the live in rel...
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local updates
How much interest expense is deductible for corporations?
Business Interest Expense Deduction Before 2018, taxpayers were able to deduct business interest with some rare exceptions. With the Tax Cuts and Jobs Act...
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health
When do I have to file income tax return for a deceased person?
When a person dies, further tax returns may be required. Here are three federal income tax returns that may be required. Final Form 1040 The first is the ...
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arts
Who is taxed on the rental income of a property?
The rental income is taxed 100% on the sole owner of the property. It does not matter whether the sole owner or a third party receives the rent. B. For Jo...
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