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How do you calculate net income per month?
Her take home (net) is $519 per week. Therefore, multiply $519 by 52 (weekly) = $26,988 (net annual income). $26,988 divided by 12 = $2,249 (net monthly i...
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Why is my federal refund half of last year?
Your paychecks were more, but that means a smaller refund now. There are are lot of variables that affect your refund or tax due including how much you ea...
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Does a Smllc file a tax return?
By default, the IRS will treat a single-member limited liability company (SMLLC) as what it calls a disregarded entity. This means that the IRS will not l...
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Are you engaged in gambling activities as a trade or business?
Groetzinger, 480 U.S. 23 (1987), the Supreme Court held that determining whether a taxpayer is engaged in a trade or business “requires an examination of ...
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How do I report SSA 1042S?
How can I get a form SSA-1099/1042S, Social Security Benefit Statement? Using your online my Social Security account. Calling us at 1-800-772-1213 (TTY 1-...
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Can you claim new gutters on your taxes?
Examples of repairs include patching a leaky roof, repainting your home, fixing gutters or floors, fixing leaks, plastering, and replacing broken windows....
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When did my 20 year old daughter move home?
She moved home when she got pregnant as a student. I do a lot of the childcare, but she shouts me down when I try to talk to her about anything My 20-year...
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Where can I find total payments and withholding?
In box 17 of the W-2, you will find your annual state withhold. Total payments and withholdings are the sums of boxes 17 on your W2 forms, plus any additi...
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How do I enter 1099b in TurboTax?
You’ll enter this under the Federal Taxes tab (or Personal, if working in TurboTax Self-Employed/Home & Business), then select Wages & Income, the...
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What is a typical fund management fee?
The average fund currently charges a management fee of 1.5% and 17% performance fee, compared with 1.6% and 20% 10 years ago. Are management fees paid ann...
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