culture
Can you live in California and work in Nevada?
If you live on the tribe’s land in California, but work for the tribe on its land in Nevada, you may qualify for the California income tax exemption. Is i...
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Culture
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Are trucks over 6000 lbs listed property?
Listed property is any asset that a company uses for business purposes for more than 50% of the time. According to the Internal Revenue Service (IRS), lis...
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What tax forms do employers need to file?
Most employers are required to file Form 941, Employer’s Quarterly Federal Tax Return, to report both the federal income taxes you withheld and the FICA t...
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Can a pension be sold?
Pension plans and retirement annuities can be sold partially or fully for a cash lump sum. Income received after selling your pension plan depends on whet...
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Do sole proprietors get tax refunds?
Refunds. Sole proprietors are entitled to tax refunds when the estimated tax payments they have made throughout the year exceed their tax liability based ...
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Is your accountant liable for mistakes?
The IRS doesn’t care if your accountant made a mistake. Even though you hired an accountant, you are liable to the IRS for any mistake. So, if the IRS adj...
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Is receiving cash taxable?
Cash gifts aren’t considered taxable income. Good news if you’re the recipient—any money given to you as a gift doesn’t count as income on your taxes, so ...
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Can you file past years income tax returns?
Filing Past Years Income Tax Returns. Individuals can file returns for the previous years. This can only be done for the two years preceding the current f...
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Where can I get tax forms for 2019?
Get the current filing year’s forms, instructions, and publications for free from the Internal Revenue Service (IRS). Download them from IRS.gov. Order by...
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Can I buy a home for my disabled child?
“Parents wanting to provide housing for their physically handicapped or developmentally disabled adult child” is permissible “if the child is unable to wo...
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