education
What is the gift tax rate in Tennessee?
9.5% Te current top gift and estate tax rate in Tennessee is 9.5% and Tennessee only allows a $13,000 exemption per recipient per year as does federal law...
Read Journal Category
Education
education
What is the due date for 2019 taxes with extension?
Due to COVID-19, the original filing deadline and tax payment due date for 2019 was postponed from April 15 to July 15. The IRS reminds taxpayers filing F...
Read Journal
education
What should I do if I owe money to the IRS?
Taxpayers in this situation should pay what they can and consider a payment plan for the remaining balance. Taxpayers who owe taxes can choose among the f...
Read Journal
education
Can my dad check my bank account?
Your Dad can legally endorse a check made payable to him and give that check to you. Bank’s call checks cashed by someone other than the named check payee...
Read Journal
education
When to file Form 1099-C for cancellation of debt?
File Form 1099-C for each debtor for whom you canceled $600 or more of a debt owed to you if: You are an applicable financial entity. An identifiable even...
Read Journal
education
Should I keep my work pay stubs?
As a general rule, American workers should keep their pay stubs for at least one year. You should not shred your old pay stubs until you have received you...
Read Journal
education
How do I force shareholder buyout?
If a minority shareholder does not feel the terms of the buyout are fair, but does not wish to stay with the company, he can file for appraisal. This allo...
Read Journal
education
What is the classification of student?
Student classification refers to the familiar names for the four undergraduate years: freshman, sophomore, junior, and senior. Your classification is not ...
Read Journal
education
Which is the best way to fill in a form?
Filling in forms accurately is a key skill in applying for jobs, schools, bank loans etc. An introduction to filling in forms. Understanding how to fill i...
Read Journal
education
Do I have to report short term disability income on my taxes?
No, your short-term disability insurance is not tax-deductible. Because the IRS doesn’t consider your short-term disability insurance premiums as a medica...
Read Journal