science
What happens to your taxes when you get a lawsuit settlement?
Receiving a settlement could bump you up to a higher tax bracket and leave you with a much bigger April bill than you usually get. If you’ve already blown...
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culture
When to use the 1040 estimated tax form?
Use Form 1040-ES to figure and pay your estimated tax. Estimated tax is the method used to pay tax on income that is not subject to withholding (for examp...
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arts
Is an annuity separate from a pension?
The biggest difference between annuities and pension funds is control. Annuities are voluntary retirement vehicles. Pensions are guaranteed by either the ...
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environment
Do employers withhold for 1099?
The employer will withhold 24% from your pay and send it to the IRS. However, an employer does not have to send you a 1099 if they paid you less than $600...
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technology insights
Is a transaction coordinator worth it?
A licensed transaction coordinator can be tough to find, but the experience and knowledge that comes along with their certification is sure to prove worth...
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local updates
What to do if you cant pay your taxes by May 17?
Find out what to do if you can’t pay what you owe by May 17. An extension to file is not an extension to pay the taxes you owe. Get details on the new tax...
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health
When to convert a traditional IRA to a Roth IRA?
Ex: You could make a traditional IRA contribution on April 1, 2021 and designate it as a contribution for your 2020 taxes. On April 5, you could convert y...
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technology insights
Is Airbnb profitable in 2021?
Airbnb (ABNB) saw $887 million in revenue for the first quarter of 2021, a 5% year-over-year increase. But while the home rental behemoth managed to see g...
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business
What is a cargo van owner operator?
A cargo van owner operator offers delivery and transit services for small cargo. In this career, you usually work as an independent contractor, which mean...
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local updates
How is 3 matched 401K calculated?
For example, if your employer matches up to 3 percent of your gross income, multiply your gross income by 3 percent (. 03) or the amount of your personal ...
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