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Does the IRS have my banking information?
The Short Answer: Yes. The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in...
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Can I claim my daughter and granddaughter as dependents?
Yes. You can claim your daughter and grandaughter as dependents if you meet all of the requirements. It is ok that she filed a tax return as long as she i...
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How does a cash balance pension plan work?
Cash balance pension plans are defined benefit pension plans in which each participant has a hypothetical account that is credited with a dollar amount. T...
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What type of loan is the PPP?
An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Notice: the Paycheck Protection Program (PPP) ended on ...
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How do I get my taxable income from adjusted gross income?
Your Adjusted Gross Income (AGI) is then calculated by subtracting the adjustments from your total income. Your AGI is the next step in figuring out your ...
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Is NYS sales tax still due?
Annual filing The annual return, Form ST-101, New York State and Local Annual Sales and Use Tax Return, covers the period March 1 through February 28/29. ...
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How can I talk to an IRS agent?
This article discusses how to talk to an IRS agent if you have personal return questions. If you have business return questions, call 1-800-829-4933. This...
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Do I need a sales tax permit in NY?
Businesses that sell tangible personal property or taxable services in New York State need a Certificate of Authority. The business must get the certifica...
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Can self-employed Get Paid Family Leave in California?
The EDD offers an optional Disability Insurance Elective Coverage (DIEC) program. The program is for self-employed individuals or independent contractors ...
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What entity should I buy for real estate?
Company: One way to limit your legal and financial liability is to purchase property as a company. A company may attract a lower rate of tax on any net re...
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