global news
Can you find a tax return you filed seven years ago?
So, if you need a tax return that you filed more than seven years ago, the IRS will try to locate it, but there are no guarantees. In addition, the IRS ch...
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science
What are my rights as an investor in a company?
The right to vote to elect a board of directors; The right to vote on all major business decisions; The right to be informed about all significant busines...
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science
How do you maintain S corporation status?
Five Easy Steps to Maintaining Your Corporate Status Hold Shareholders’ and Directors’ Meetings. Document Shareholders’ and Directors’ Corporate Decisions...
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business
What is a 1099 investment income?
The federal tax laws require brokerage firms, mutual funds, and other entities to report on Form 1099 all investment income, usually interest or dividends...
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business
Who is the revenue agent for the IRS?
A Revenue Agent, on the other hand, is someone who is employed by the IRS to audit taxpayers. The person who increases your taxes through an audit will no...
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arts
When you become a US citizen Do you have to notify Social Security?
You will need to visit Social Security so they can update your Social Security record. Wait at least 10 days after your ceremony before doing so and be pr...
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science
What is a short sale exactly?
A short sale in real estate is one in which a house is sold for a price that is less than the amount still owed on the mortgage. It is up to the mortgage ...
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education
How do I report babysitting income?
Any self-employed income you receive from babysitting – in excess of a net $400 per tax year – must be reported at tax time on Form 1040, Schedule C or Sc...
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business
Does IRS forgive debt?
Under certain circumstances, the IRS will forgive tax debt after 10 years. But that 10 year period may be longer than you expect, given lengthy suspension...
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health
How do s Corps save on taxes?
Slash S-Corp Taxes for Good #1 Reduce Owner’s Wages. #2 Cover Owner’s Health Insurance Premiums. #3 Employ Your Child. #4 Sell Your Home to Your S-Corp. #...
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