education
Can 1098-T be corrected?
You will need to generate two 1098-T’s: The first will be marked Corrected. It must include the incorrect SSN. * It must also include zeroes in place of a...
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Education
education
Why is a corporation taxed separately from individuals?
Because a corporation is a separate legal entity from its owners, the company itself is taxed on all profits that it cannot deduct as business expenses. W...
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education
What do senior citizens buy the most?
According to the National Center for Policy Analysis, seniors do the most of their buying/spending on mortgages and healthcare. However, when it comes to ...
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education
How much capital loss can you claim?
If you have an overall net capital loss for the year, you can deduct up to $3,000 of that loss against other kinds of income, including your salary and in...
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education
Is it possible to change J1 visa to H1B?
To transfer your J1 visa to an H1B visa: You must obtain a job offer from a US employer before you can apply. You must go through the H1B visa application...
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education
How can I track the status of my tax refund?
COVID Tax Tip 2021-39, March 30, 2021 Tracking the status of a tax refund is easy with the Where’s My Refund? tool. It’s conveniently accessible at IRS.go...
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education
When to use Married Filing Jointly tax form?
You can use the married filing jointly filing status if both of the following statements are true: You were married on the last day of the tax year. In ot...
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education
Are teachers pensions federally taxable?
Eleven states have no special tax provisions for teacher pensions and, for income tax purposes, treat them the same as other forms of income. These states...
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education
How do I manage my ecommerce business?
Here are some tips for managing a successful ecommerce business: Test everything. Testing is the only way to find out whether any changes you make are wor...
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education
How long does it take to get an ITIN online?
Outside of peak processing times (between January and April), it should take up to six weeks for an applicant to receive their ITIN. However, because most...
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