business
Why is Colorado refund taking so long?
It needs further review in general. It’s affected by identity theft or fraud. It includes a claim filed for an Earned Income Tax Credit or an Additional C...
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Business
business
How do you convert a traditional IRA to a Roth IRA?
Converting all or part of a traditional IRA to a Roth IRA is a fairly straightforward process. The IRS describes three ways to go about it: A rollover, in...
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business
Are you a dependent of a California resident?
Dependent of a California Resident The student must either: Be identified as a dependent child on the most recent year’s income tax return filed by a pare...
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business
How do I file a 1099 NEC in free tax USA?
Questions & Answers Nonemployee compensation is usually reported on a Form 1099-NEC. Enter this on the Add / Edit / Delete 1099-NEC or 1099-MISC Incom...
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business
Who inherits a sole proprietorship?
The law says a sole proprietorship does not survive you. This means the company cannot keep operating under its original name, and the company cannot be i...
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business
How do I get an IP pin for a dependent?
If you are certain the number entered is correct, review it on your IRS online account, contact one of our Taxperts, or call the IRS to reissue an IP-PIN ...
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business
What are the reasons for posting adjusting journal entries?
The purpose of adjusting entries is to convert cash transactions into the accrual accounting method. Accrual accounting is based on the revenue recognitio...
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business
Are consignment sales taxable income?
All income from auctions, traditional or online, and consignment sales is generally taxable unless certain exceptions are met. This income is usually cons...
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business
How does the 60-day rule work?
A “60-day rollover” occurs when you receive a distribution from your IRA, and deposit the money into another IRA or back into the same IRA within 60 days....
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business
How do I know if my federal tax return was received by mail?
If you are expecting a refund you can check the IRS website Where’s My Refund 4 weeks after mailing your return. After 2-3 weeks have passed you may also ...
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