education
What is a code section 162 trade or business?
Section 162(a) allows a deduction for all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or busines...
Read Journal Category
Education
education
Is putting money in a Roth IRA good?
If you have earned income and meet the income limits, a Roth IRA can be an excellent tool for retirement savings. But keep in mind that it’s just one part...
Read Journal
education
What information must you provide on the W-4 tax form?
Form W-4 tells you, as the employer, the employee’s filing status, multiple jobs adjustments, amount of credits, amount of other income, amount of deducti...
Read Journal
education
Can a sole proprietor form as a single member?
Yes. You can’t form a traditional LLC, but you are eligible to be a single-member LLC. The single-memberLLC is simpler to maintain than a traditional LLC ...
Read Journal
education
Can a dependent Get marketplace insurance?
Include them only if you want to cover them on your Marketplace plan. Include any child under 21 you take care of and who lives with you, even if not your...
Read Journal
education
Can you file N-400 while abroad?
Yes, you may file your N-400 online unless you are applying from abroad or are applying for a fee reduction or waiver, in which case you must use the pape...
Read Journal
education
How does Visitation work when parents live in different states?
When parents live in different states, the child lives with one parent and visits the other. Visits are usually less frequent but longer. There are severa...
Read Journal
education
Can you sell your house if its in a trust?
You can still sell property after you transfer it into a living trust. The first and most common approach is to sell the property directly from the trust....
Read Journal
education
Can a freelancer have a W-2?
Breaking Down 1099s W2, the simple shortcut to remember the difference is that the W2 is for wages from a full-time position where you’re receiving benefi...
Read Journal
education
Does NJ charge Sales Tax on services?
When you buy items or services in New Jersey, you generally pay Sales Tax on each purchase. The seller (a store, service provider, restaurant, etc.) colle...
Read Journal