global news
What is an unpaid tax liability?
Unpaid tax liabilities are the employer and employee payroll taxes that haven’t yet been paid to the state and federal agencies. We’ll calculate the amoun...
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education
What is a 5 year pension?
Under the five-year average formula, you earn a monthly retirement benefit based on your covered hours and past employment, if any, up through 1986. This ...
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culture
Can you start life over at 40?
Age is just a number. Life starts at 40. For the following 52 people, life just started after 40. They found stupendous success starting in their 40s. Can...
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technology insights
Does Bank of America do business accounts?
Bank of America offers two small-business checking accounts: Business Advantage Fundamentals™ Banking and Business Advantage Relationship Banking (formerl...
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global news
Is there a simple 1040 form?
In the past, if you had a simple tax return to prepare, you likely filed your return with IRS Form 1040EZ. This form covered a broad range of taxpayers. H...
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business
Are gold purchases reported to IRS?
Instead, sales of physical gold or silver need to be reported on Schedule D of Form 1040 on your tax return. 3 Depending on the type of metal you are sel...
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business
Does it matter which routing number you use?
Banks use different routing numbers for different types of transactions. If you’re not sure which routing number you’ll need for a particular transfer typ...
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education
When to file a FBAR for a foreign bank account?
A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of...
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arts
What is a Nevis LLC?
A Nevis LLC is a limited liability offshore company established in Nevis, W.I. for asset protection purposes. The Island of Nevis, W.I. enacted a favorabl...
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culture
Why would the IRS send me certified mail?
The reasons for certified mail from the IRS are because the mailing starts the clock ticking on when important action by the IRS may be commenced, usually...
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