education
Is a 501c6 tax deductible?
Contributions to section 501(c)(6) organizations are not deductible as charitable contributions on the donor’s federal income tax return. They may be dedu...
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Education
education
What happens to your money if a brokerage closes?
If a brokerage fails, another financial firm may agree to buy the firm’s assets and accounts will be transferred to the new custodian with little interrup...
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education
How do I change my medical health plan?
If you are not happy with your medical plan, you can choose another medical plan, if available. To change your medical plan, call Health Care Options at 1...
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education
Where do I enter income on 1040?
Other income is reported on line 8 of Schedule 1 of the 2020 Form 1040, then the total from line 9 of Schedule 1 is transferred to line 8 of the 1040 itse...
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education
Can my company purchase my car?
To purchase a vehicle that belongs to your company, the company must be registered as an LLC or another legal business entity. You should also have an Emp...
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education
What is a trade in commercial real estate?
A Re-trade is the practice of renegotiating the purchase price of real property by the buyer after initially agreeing to purchase at a higher price. Typic...
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education
How do I avoid capital gains tax when flipping a house?
Look into a 1031 Exchange If you’re looking to continually fix and flip and make your side hustle a full-time job, a 1031 like-kind exchange is a great ta...
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education
How long does it take to get an uncontested divorce in South Dakota?
South Dakota Divorce Overview In South Dakota, a divorce can be completed on average in a minimum of 60 days, with court fees of $95.00. Unlike many state...
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education
How long do I have to submit my PPP forgiveness?
You must apply for forgiveness within 10 months after the end of the ‘Covered Period. ‘ which is the 24-week period that starts when you received your PPP...
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education
How does a taxpayer determine their taxable income?
Taxable income is calculated by starting with gross income, subtracting excluded income and personal exemptions (which are suspended beginning 2018), and ...
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