arts
Who are the owners of a co-op apartment?
Some might argue that reaction is a bit overblown. Others, not so much. Unlike in a house or a condo, co-op residents are not owners of their units, but s...
Read Journal Category
Arts
arts
Is it bad to get paid every two weeks?
Payment on a weekly basis means that two of the employee’s weekly paychecks likely equal her biweekly pay. Receiving a larger amount on a biweekly basis e...
Read Journal
arts
Do you have to pay taxes on a J-1 visa?
J-1 aliens who become U.S. tax residents or change their visa status to other work visa types (other than F, M or Q visa) are subject to Social Security a...
Read Journal
arts
What does it mean to be a 1099 contractor?
A 1099 contractor, also known as an independent contractor, is a classification assigned to certain U.S. workers. The “1099” reference identifies the tax ...
Read Journal
arts
Does VA disability change if I move?
Since you are moving from one state to another, not only do you have to change your address, you must also change your VA Regional Office. When changing R...
Read Journal
arts
What is the maximum non-cash charitable deduction for 2020?
$300 However, for 2020, individuals who do not itemize their deductions may deduct up to $300 from gross income for their qualified cash charitable contri...
Read Journal
arts
What is an accountable reimbursement?
Accountable Plans A plan under which an employee is reimbursed for expenses or receives an allowance to cover expenses is an accountable plan only if the ...
Read Journal
arts
What do you need to know about capital gains tax?
For example, many people buy items at antique stores and garage sales and then resell them in online auctions. Do this in a businesslike manner and with t...
Read Journal
arts
Can you edit TurboTax after filing?
If you used TurboTax Online, simply log in to your account and select “Amend a return that was filed and accepted.” If you used our CD/download product, s...
Read Journal
arts
How do I know if tax overpaid?
If the payments made exceed the amount of tax liability, the amount of the overpayment is shown on the applicable line in the Refund section of the Form 1...
Read Journal