education
What happens if you do not file income tax return?
Thus, in case the taxpayer is claiming a refund, delayed filing of income tax return will result into a delayed receipt of the tax refund. It is thus advi...
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Education
education
Can a LLC be classified as a partnership?
Thus, an LLC with multiple owners can either accept its default classification as a partnership, or file Form 8832 to elect to be classified as an associa...
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education
Do you get a 1099-R every year?
Like most 1099s, 1099-R forms must be sent to recipients by Jan. 31 of the year following the tax year. If you receive a 1099-R, keep in mind that not all...
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education
What is the purpose of form 4797?
Form 4797 is a tax form distributed by the Internal Revenue Service (IRS). Form 4797 is used to report gains made from the sale or exchange of business pr...
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education
Can a W2 employee pay their own taxes?
By law, employees are guaranteed at least minimum wage (set by both federal and state laws) for the time they’ve worked on a regular and ongoing basis. Co...
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education
What are the 8 steps to form an LLC in New York?
How to Form an LLC in NY in 8 Steps Choose a name for your LLC. Find a NY registered agent. File articles of organization with NY state. Obtain NY busines...
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education
What happens if someone doesn t pay divorce settlement?
A judge can order your wages garnished if you fail to make payments required by the divorce order. Money will be taken from your pay check to put towards ...
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education
Can my Canadian husband sponsor me?
You can sponsor your spouse, partner or child to live in Canada if you’re a: Canadian citizen. person registered in Canada as an Indian under the Canadian...
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education
How do I sell my jointly owned land?
According to the Transfer of Property Act, every co-owner has a proprietary right of the entire property. The sale has to be made with the consent of all ...
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education
What do you need to know about Form 4797?
Form 4797 is intended for use as a means of reporting a business property sale. Any individual who sold a business property or traded the business propert...
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