culture
What happens if a sole proprietor is sued?
A lawsuit against a sole proprietorship may result in the issuance of a judgment. A judgment is a decree issued by the court that specifies the debtor’s l...
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Culture
culture
What does it mean when an immigrant is sponsored?
A sponsor is a person who has helped an immigrant become a lawful permanent resident (green card–holder) by signing an affidavit of support. How long does...
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Do you send 1099 for sponsorship?
Reporting. A sponsor must report more than $600 in nonqualified payments made to a sponsored individual annually by filing Form 1099 MISC with the IRS. Th...
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culture
What is the New York State standard deduction for 2017?
The income tax withholdings for the State of New York will change as follows: The Married standard deduction will increase from $7,900 to $7,950. The Sing...
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culture
How do I file my EDD claim online?
You must first register for Benefit Programs Online to file for unemployment. Create your Benefit Programs Online account. Log In to Benefit Programs Onli...
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culture
Will I get my tax refund if it was accepted?
Once you are accepted, you are on the IRS payment timetable. Only the IRS knows the status of processing your tax return, whether you owe taxes or are due...
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What happens if I forgot to sign my tax return?
A printed and mailed federal tax return without a signature will be returned by the IRS to the address shown on the tax return. Sign the tax return and ma...
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What is income received from a limited partnership?
Limited partnerships do not pay income tax. Instead, they will “pass through” any profits or losses to partners. Each partner will include their share of ...
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culture
Can you sell your house to your son?
A There is no legal reason why you can’t sell your home to your son if that’s what you want to do. But to avoid inheritance tax complications you will nee...
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culture
What is your background personally and professionally?
A professional background is a brief summary of your work history and performance at previous jobs. It is usually used during the job application process....
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