education
Should I claim head of household on my w4?
Claiming head of household status for taxes can be very valuable. Who can use it. Heads of household can claim a 50% larger standard tax deduction than si...
Read Journal Category
Education
education
Why would a company request a W9 from another company?
The W-9 Instructions The W-9 request letter goes out because the W-9 has other uses too. For one, it gives written confirmation of your business name and ...
Read Journal
education
What are my rights as a mother in Massachusetts?
In a never-married parenting situation, the child’s mother is granted legal and physical custody right away even if the father’s paternity has been formal...
Read Journal
education
Which is better for a married couple to file jointly or separately?
If you earn a much higher income than your spouse (or vice versa), filing jointly often helps you qualify for a lower federal income tax bracket compared ...
Read Journal
education
Where to open a US LLC when you live abroad?
Where to register a US LLC when you live abroad. You can generally select any state to register the LLC. For taxpayers abroad, we typically recommend open...
Read Journal
education
Can people live in house rentals free?
Offer rent-free living. You can let someone live in your house or buy a house and let them occupy it rent-free, so long as the fair market value of the re...
Read Journal
education
Do I have to put my IRA on my tax return?
Distributions from any type of IRA always show up on your taxes, even if they are tax-free. If you’ve made nondeductible contributions to your traditional...
Read Journal
education
How long are PayPal holds for new accounts?
21 days How long will PayPal hold your funds for? Your funds are usually held for up to of 21 days. However, there are several things you can do to expedi...
Read Journal
education
Do you get a tax break for paying alimony?
In case of recurring payments of alimony: Alimony, in this case, is considered as a revenue receipt. Therefore, it is treated as income that is taxable in...
Read Journal
education
Are employee contributions to 401k subject to FUTA?
The amounts deferred under your 401(k) plan are reported on your Form W-2, Wage and Tax Statement. Although elective deferrals are not treated as current ...
Read Journal