education
When did I file my 2020 tax return?
I filed my daughters 2020 taxes with turbo tax on February9, 2021 and they were accepted by the Federal, BUT still no refund yet!. It’s been 5 weeks. What...
Read Journal Category
Education
education
What is considered income for LLC?
Members report LLC profits as personal income and pay taxes under standard IRS tax brackets. The LLC doesn’t have to file any tax return, but the members ...
Read Journal
education
How do you find the depreciation deduction?
To come up with the annual amount you can depreciate, subtract the asset’s salvage value (the amount you could get by selling it at the end of its useful ...
Read Journal
education
What does the 1099-MISC mean for Uber drivers?
miscellaneous 1099-MISCIf Uber sent you a 1099-MISC form, which stands for miscellaneous, you’ve made at least $600 in prior year earnings from one source...
Read Journal
education
What is the first question of every interview?
tell me about yourself The most common first interview question is ‘tell me about yourself. ‘ And while simple on the surface, it is a very easy question ...
Read Journal
education
Can a grantor be a beneficiary of an irrevocable trust?
The grantor (as an individual or couple) transfers their assets to an irrevocable trust. However, unlike other irrevocable trusts, the grantor can be the ...
Read Journal
education
What happens if my efile tax return is rejected?
Don’t worry, since a rejection of an eFile completed online tax return usually requires only a small correction. You can then re-efile at no additional ch...
Read Journal
education
Can I claim my daughter as dependent on taxes?
You can claim a child as a dependent if he or she is your qualifying child. The noncustodial parent cannot claim the child as a qualifying child for head ...
Read Journal
education
What is the first thing you should do if you are a victim of identity theft?
File a claim with your identity theft insurance, if applicable. Notify companies of your stolen identity. File a report with the FTC. Contact your local p...
Read Journal
education
Can I find out if someone claimed me on taxes?
The IRS won’t tell you who claimed your dependent. Usually, you can identify the possibilities and ask (commonly, a former spouse). But if you don’t suspe...
Read Journal