arts
How does the look back rule work for taxes?
Taxpayers who claim the Earned Income Credit and Additional Child Tax Credit received some good news recently. A special rule in the December stimulus bil...
Read Journal Category
Arts
arts
Does a foreign disregarded entity need an EIN?
Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. A single-member LLC that is a disregarded entity that does not ...
Read Journal
arts
Is January a lucky month to get married?
While it’s traditionally on the low end of popular wedding months, January has its advantages to being circled on the calendar as a potential spot for a w...
Read Journal
arts
Can a 100 disabled veteran file taxes?
The 525 Law allows 100% VA Disabled veterans from having to pay federal income taxes on Military Retirement Pay and the VA Pension. Are Disabled Veterans ...
Read Journal
arts
How do you calculate individual marginal tax rate?
To calculate marginal tax rate, you’ll need to multiply the income in a given bracket by the adjacent tax rate. If you’re wondering how marginal tax rate ...
Read Journal
arts
Is it illegal to change birthdate?
To legally change your birth date, you must petition the court and provide compelling evidence that the data listed on the current birth certificate is in...
Read Journal
arts
Who am I required to give my SSN to?
You do need to give your Social Security number (SSN) to: Companies from which you are applying for credit: credit cards, loans of any type, cell phone se...
Read Journal
arts
How to contact the IRS for past due tax returns?
Contact us at 1-866-681-4271 to let us know. Contact the payer (source) of the income to request a corrected Form W-2 or 1099. Attach the corrected forms ...
Read Journal
arts
Do you receive a 1099 for savings bonds?
If a financial institution pays the bond, you will receive a paper 1099-INT from that financial institution either soon after you cash your bonds or withi...
Read Journal
arts
Does it make sense to have 2 savings accounts?
Having multiple savings accounts for each of your savings goals is a good idea regardless of current interest rates, Kulak says. Can you pay taxes from tw...
Read Journal