local updates
What age is considered as senior citizen?
sixty years Who is called a Senior citizen? According to the law, a “senior citizen” means any person being a citizen of India, who has attained the age o...
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business
When do you claim a child as a dependent?
There are a few simple rules to help you decide who you should and shouldn’t claim as a dependent: DO claim all children that were born within the tax yea...
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arts
What is master limited partnership unit?
A limited partnership unit, or LPU, is an ownership unit in a publicly traded limited partnership, or master limited partnership (MLP). This trust gives t...
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technology insights
Can a parent not file a federal tax return?
However, there are times when a student or parent did not file a federal income tax return, making this part of the form difficult to complete. 1. Not req...
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global news
Does IRS use direct pay?
The IRS announced a new web-based system – IRS Direct Pay – available on IRS.gov that lets you pay your tax bills or make estimated tax payments directly ...
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arts
Do you have to file a tax return if you are on disability?
Other sources of income that could require you to file a full tax return include owning rental property, or an interest-bearing savings account. The IRS w...
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business
What time of day should you sell stocks?
The whole period between 9:30 AM and 10:30 AM ET is often the best time of day to trade stocks. What time can you start selling stock? U.S. securities mar...
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global news
Should NYC residents working from home pay NJ taxes?
Whether it’s New York residents working for a New Jersey employer or vice versa, the income should be sourced to the employer’s jurisdiction during the pa...
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culture
How many businesses operate in NYC?
New York City is a city of small businesses. Of the approximately 220,000 businesses located in the City, 98 percent are small (fewer than 100 employees) ...
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environment
What is a qualified enterprise zone?
Enterprise Zones (EZs) Enterprise zones (EZs) are geographic areas in which companies can qualify for a variety of subsidies. The original intent of most ...
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