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What is Box 12 on a W-2?
Upper-case (capital) letters in Box 12 stand for different things: • A and B: Uncollected social security and Medicare tax on tips. This. amount represent...
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What do you need to know about stimulus payments?
Stimulus payments are available so long as your “adjusted gross income” per your tax return doesn’t exceed certain thresholds (the lower end or the ranges...
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Is AGI used to calculate stimulus?
Since it’s a rough estimate of how much money you’re bringing in after deductions from all your streams of income, the IRS uses your AGI to calculate how ...
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What happens if I claim a dependent on my tax return?
After a return claiming a particular dependent is accepted, any subsequent return that is electronically filed claiming them will be rejected by the IRS. ...
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What happens if a motion to compel is ignored by defendant?
Motion for Sanctions – If the court issues an order compelling discovery, and the party fails to comply with that order, then the court may sanction the p...
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Can you file a W-2 a year late?
No, you can not file a prior year W-2 with your tax return for the current year. If you did file you will have to file an amended tax return for the year ...
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How much tax is taken from RMD?
Remember, you must pay tax on your RMD. When you take your RMD, you can have state or federal taxes withheld immediately, or you may be able to wait until...
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Who do you pay California sales tax to?
State sales and use taxes provide revenue to the state’s General Fund, to cities and counties through specific state fund allocations, and to other local ...
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What does an IP pin do for the IRS?
The IP PIN is known only to you and the IRS and helps us verify your identity when you file your electronic or paper tax return. What to do with last year...
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How long do you have to live in Maryland to be considered a resident?
183 days Answer: Any individual who maintains a place of abode in Maryland and spends in the aggregate 183 days or more in Maryland is considered a reside...
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