education
Do nonprofits have to register with the IRS?
Most charitable nonprofits that are recognized as tax-exempt have an obligation to file an annual information return with the IRS. (There are very few exc...
Read Journal Category
Education
education
Does 401k come out of overtime?
401(k) Plans. For purposes of calculating employee elective deferrals and matching contributions, some 401(k) plans count overtime and bonuses as “compens...
Read Journal
education
What is the due date for North Carolina income tax?
The purpose of this notice is to inform taxpayers of a limited-time waiver of certain penalties imposed upon individuals by the North Carolina Department ...
Read Journal
education
Can I view my 2019 W2 Online?
You cannot get your W-2 online. You get a W-2 from your employer. Or you can pay the Social Security Administration $86 for it if it is for a previous yea...
Read Journal
education
Can I get my tax return on a card?
In accordance with IRS guidelines, you can direct your refund to your card; you cannot direct your refund to someone else’s card (except for your spouse i...
Read Journal
education
Should I accept a job offer in another state?
The key is to know exactly what you’re getting into in your new job and the new city. If you feel that you’re not advancing in your present job and don’t ...
Read Journal
education
Do I have to pay tax on property sold overseas?
When you sell property or real estate in the U.S. you need to report it and you may end up owing a capital gains tax. The same is true if sell overseas pr...
Read Journal
education
What does a Win Loss statement show?
A casino win/loss statement is a report or letter from a casino that summarizes a person’s gambling activity. Typically, such reports total the gambler’s ...
Read Journal
education
What are the months for quarterly tax payments?
When to Pay Estimated Tax Payment Period Due Date January 1 – March 31 April 15 April 1 – May 31 June 15 June 1 – August 31 September 15 September 1 – Dec...
Read Journal
education
Can a resident of Mexico be claimed as a dependent?
If you are a resident of Mexico or Canada or a national of the United States, you can claim each of your dependents who meet certain tests. Residents of M...
Read Journal