arts
Do you have to pay sales tax when you buy a used car?
Additionally, if you buy a used car instead of a new one, you must still pay a sales tax. You do not need to pay the tax to the vehicle dealer or private ...
Read Journal Category
Arts
arts
Is it bad to have 2 different bank accounts?
There is nothing against opening multiple savings accounts as long as you can meet the bank’s or credit union’s requirements. Then, if you don’t like the ...
Read Journal
arts
Is South Carolina a good place to live and work?
South Carolina is a good state to live in or retire to because its climate is mild, and the state is, overall, affordable. A survey by Retirement Living h...
Read Journal
arts
Can a single member LLC take a paycheck?
No, a Single Member LLC cannot issue themselves a W-2. An individual owner of a single-member LLC that operates a trade or business is subject to the tax ...
Read Journal
arts
What is the municipality for Puerto Rico?
Statistically, the municipality with the largest number of inhabitants is San Juan, with around 400,000, while Culebra is the smallest, with around 1,800....
Read Journal
arts
What is line 21 on a tax return?
You’ll usually report this income on Form 1040, Line 21, as Other income. This is taxable income not subject to self-employment tax. When the income repor...
Read Journal
arts
What is subject to Nevada use tax?
Use Tax, applies to mail order, out-of-state, toll-free “800” numbers, purchases made on the internet and other purchases of tangible personal property on...
Read Journal
arts
Do you report car purchase on taxes?
Purchases of vehicles, vessels, aircraft, and mobile-homes are not to be reported on your California state income tax return. What is Ma sales tax on cars...
Read Journal
arts
What happens if an accountant refuses to return your tax forms?
If the preparer persists in refusing to return your tax documents, the IRS can do such nasty things as launch an OPR investigation against her, bar her fr...
Read Journal
arts
What is 110% AFR used for?
The AFR is used by the IRS as a point of comparison versus the interest on loans between related parties, such as family members. If you were giving a loa...
Read Journal