local updates
Do IRA contributions have to be postmarked by April 15?
The deadline to make a prior year contribution to a Roth or Traditional IRA is April 15th of the following year. All mailed-in IRA applications and contri...
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arts
Why do I have a Form 8995?
Use Form 8995 to figure your qualified business income (QBI) deduction. However, your total QBI deduction is limited to 20% of your taxable income, calcul...
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education
Are Uber rides to work tax deductible?
Unfortunately, no. The IRS considers commuting costs — meaning costs you incur to get back & forth to work — as non-deductible. Are transportation cos...
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science
Can the state take away your pension?
A state that treats pension benefits as contractual in nature is generally prohibited under the Contracts Clause of the U.S. Constitution from passing leg...
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culture
Who is a nonresident alien in the United States?
A nonresident alien is an alien who has not passed the green card test or the substantial presence test. A. Who Must File If you are any of the following,...
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culture
What DOES the Fair Housing Act prohibit?
The Fair Housing Act prohibits this discrimination because of race, color, national origin, religion, sex, familial status, and disability. One of its rol...
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technology insights
Does a LLC pay quarterly taxes?
No, the LLC does not have to file or pay quarterly taxes, but your wife as a self-employed individual will need to file an pay quarterly taxes. An LLC has...
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culture
Why is Turbo Tax taking so long?
Some tax returns take longer than others to process depending on your tax situation. Some of the reasons it may take longer include incomplete information...
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local updates
Can reservists be officers?
An Army officer job is a full-time career, but becoming an Army Reserve officer is more like a demanding part-time job. After training or qualifying as an...
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global news
Can you use business credit card points for personal?
It’s generally OK to spend rewards from a business credit card on personal trips as well as business trips, since rewards usually aren’t taxable. If your ...
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