science
How do I fill out a W-2 if married and both work?
You typically have to have a W-4 on file for each job. For the highest paying job’s W-4, fill out steps 2 to 4(b) of the W-4. Leave those steps blank on t...
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environment
Does an employer provide a 1099?
If a company hires you as an independent contractor and pays you more than $600, it must send you a Form 1099-MISC. If the company fails to give you a 109...
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environment
How do I contact the IRS in Alabama?
If you are in the Birmingham area, call the Taxpayer Advocate Service at 205-912-5631. If you are outside of the Birmingham area, call 877-777-4778. How l...
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global news
What is the distribution code 7 on 1099?
1099-R Codes for Box 7 Box 7 Code Description *Used with code…(if applicable) 5 Prohibited transaction None 6 Section 1035 exchange W 7 Normal distributio...
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science
Can a dependent file their own tax return?
If your dependent is claimed on your tax return, they may still be required to file an income tax return of their own. The requirements vary by filing sta...
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technology insights
Do cash balance plans have beneficiaries?
CalSTRS is your retirement system. We provide retirement, disability and survivor benefits to California’s public school educators and their beneficiaries...
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environment
Can my wife receive Social Security benefits?
How Do Social Security Spousal Benefits Work? You’re eligible for spousal benefits if you’re married, divorced, or widowed and your spouse is or was eligi...
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culture
Are independent contractors eligible for stimulus check?
If you are an independent contractor or self-employed, you may be eligible for Paycheck Protection Program (PPP) loans/grants, SBA’s Economic Injury Disas...
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health
Is Medicare tax matched by employer?
You are required to begin withholding Additional Medicare Tax in the pay period in which it pays wages and compensation in excess of the threshold amount ...
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local updates
Can a taxpayer prove that they filed a tax return?
Sometimes taxpayers and the IRS just disagree on whether the taxpayer filed a return. The taxpayer faces a daunting task to prove the filing of a return. ...
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