education
Do tax exempt entities get 1099?
A tax-exempt organization must file required information returns, such as Form 1099-MISC PDF. The tax-exempt organization will need the social security nu...
Read Journal Category
Education
education
Can you file your federal tax return electronically?
Can we file our return electronically? Answer: Yes, you can file an original Form 1040 series tax return electronically using any filing status. Filing yo...
Read Journal
education
Does PayPal pay you to receive an email?
Someone using PayPal only needs to know your email address or mobile phone number to send you money. If you don’t have a PayPal account, sign up and confi...
Read Journal
education
What is a withholding lock-in letter?
A lock-in letter is an IRS withholding compliance letter informing both you and your employee that the employee has not had enough federal income tax with...
Read Journal
education
What is cash basis reporting?
The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made...
Read Journal
education
Can I get a EIN number and not use it?
Regardless of whether the EIN is ever used to file Federal tax returns, the EIN is never reused or reassigned to another business entity. If you receive a...
Read Journal
education
Is there an EV tax credit in 2021?
The credit provides up to $7,500 in a tax credit when you claim an EV purchase on taxes filed for the year you acquired the vehicle. So, if you bought an ...
Read Journal
education
Can a business owner pay medical expenses?
Business owners may be able to deduct medical expenses on Schedule A of Form 1040, but this does not apply to the business itself. Deductions for total me...
Read Journal
education
Where can I get a copy of my 2019 tax return?
Access the tax software product you used to prepare and file your 2019 return. You may be able to access your account to download/print a copy. Contact th...
Read Journal
education
What changes were made to the w4 in 2020?
The Most Significant Changes Include: No more withholding allowances. A new Marital Status—Head of Household (with associated tax tables) Lines to claim e...
Read Journal