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What kind of taxes do you pay in Alabama?
There are two key tax types businesses selling goods and services in Alabama should be well-versed in: sales tax and use tax. Businesses should be well ve...
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How long do IRS Electronic refunds take?
We issue most refunds in less than 21 calendar days. It is taking the IRS more than 21 days to issue refunds for some 2020 tax returns that require review...
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How much cash can you deposit in a bank without it being reported?
Under the Bank Secrecy Act, banks and other financial institutions must report cash deposits greater than $10,000. But since many criminals are aware of t...
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Why do I not qualify for child and dependent care credit?
To receive the credit for Child and Dependent Care Expenses, the expenses had to have been paid for care to be provided so that you (and your spouse, if f...
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Is dividend mandatory corporate action?
Dividends, stock splits, mergers, acquisitions and spinoffs are all common examples of corporate actions. Stock splits, acquisitions and company name chan...
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Are promissory notes legally binding in California?
A California promissory note is a written document that may be legally binding once it is properly executed. When a promissory note is unsecured, the lend...
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What are foreign assets on Form 8938?
Foreign financial assets—or “specified foreign financial assets,” as the IRS calls them—include: Financial accounts maintained at institutions outside the...
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Is NYC a safe city?
Considering 8,175,133 residents share 320 sq miles, NYC’s crime rate is impressively low. According to FBI data, NYC is the safest big city in the U.S., r...
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What is the limit for 1099 reporting 2019?
$600 You must send and file a 1099-MISC for certain types of payments of $600 or more you make during the year. Below that threshold, you typically do not...
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Can you put rental income into a trust?
The primary reasons to put a rental property into an irrevocable trust are to serve as a tool for inheritance and to restrict access to the assets by the ...
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