education
Can you get financial aid if you owe the IRS?
Owing the IRS money doesn’t have to be a barrier to receiving financial aid for college. As long as you are proactive about paying off your tax debt, you ...
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Education
education
Can I download my W-2 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...
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education
Is the sale of a deceased parents home taxable?
Usually, you receive a stepped up basis in the property and when sold, little or no gain will taxable. Ex: Sales Price: $85,000, FMV at date of deceased p...
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education
Does Roth IRA have the best tax advantages?
In general, if you think you’ll be in a higher tax bracket when you retire, a Roth IRA may be the better choice. You’ll pay taxes now, at a lower rate, an...
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education
What is single premium annuity policy?
A SPIA is a contract between you and an insurance company designed for income purposes only. Unlike a deferred annuity, an immediate annuity skips the acc...
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education
Can I file another extension on my 2019 taxes?
You can request an additional extension of time to file taxes beyond the six-month period, but you cannot ask for multiple tax extensions. If the IRS does...
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education
How to request verification of non-filing letter?
An IRS Verification of Non-filing Letter provides proof that the IRS has no record of a filed Form 1040, 1040A, or 1040EZ for the year you requested. Non-...
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education
Can I claim my 17 year old brother on my taxes?
The child can be your son, daughter, stepchild, eligible foster child, brother, sister, half brother, half sister, stepbrother, stepsister, adopted child ...
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education
Can you have a negative tax return?
The IRS does not provide an income tax refund amount for having a negative taxable income. Having a negative taxable income is not bad; it simply means th...
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education
Can you get paid on B1 visa?
Although B1 workers are not permitted to be paid by an American source, payment from a non-American source may be arranged through United States financial...
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