business
How is Federal disability retirement taxed?
Under rules of the Internal Revenue Service, your Federal Employees Retirement System (FERS) disability annuity is subject to Federal Income Tax. The info...
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business
Do Uber drivers get standard deduction?
Income taxes Uber and Lyft drivers must pay income tax just like regular employees. But you only have to pay income taxes on earnings that exceed the stan...
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education
Is a pet sitting business profitable?
Overnight pet sitters often make $40 to $80 a night. You love animals and love the time you spend together. You can turn this love into a profitable secon...
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environment
Does the IRS send out 1099-INT?
Tax Insights One form you may have received this year is a Form 1099-INT from the IRS. This form is reporting interest income paid to you by the IRS. Last...
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education
Is there a deadline to file your 2016 tax return?
Since the e-file deadline passed on October 16th, 2017, you cannot e-file your return. ALL taxpayers must paper-file their prior-year 2016 tax return. Reg...
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science
How do you complete non-filers?
If you cannot use these options, you’ll get your payment as a paper check. Step 1: Visit the IRS website to access the Non-filer form. Step 2: Create an a...
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local updates
Is accrued interest reported on 1099-INT?
The price you pay for the bond will include this accrued interest. The accrued interest is taxable to the seller, whereas the interest that is earned from...
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environment
Does SSDI count VA disability as income?
VA disability benefits don’t affect your SSDI or vice versa; if you qualify for both programs, each will pay the full amount to which you are entitled. Ar...
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environment
How many years do you need to keep receipts for?
five years The general rule for keeping receipts This means you should keep all receipts, proof of income, calculations, nominations and other records whi...
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business
Do I have to report money My boyfriend gives me?
No. A gift you receive is not taxable income and should not be reported to the IRS. See Publication 525 (2018), Taxable and Nontaxable Income: Gifts and i...
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