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How do I dissolve a corporation in NYS?
To dissolve your corporation in New York, you must provide the completed Certificate of Dissolution form to the Department of State by mail, fax or in per...
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Do you get a tax break for paying for school?
Yes, you can reduce your taxable income by up to $4,000. Some college tuition and fees are deductible on your 2020 tax return. The deduction is worth eith...
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How do I get my stimulus check if my checking account has changed?
If the IRS sends your direct deposit to a closed bank account, the payment will be reissued by mail to the address on file with the IRS. That payment will...
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What are examples of taxable purchases?
Retail sales of tangible items in California are generally subject to sales tax. Examples include furniture, giftware, toys, antiques and clothing. Some l...
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Why do people prefer not to answer income questions?
They might be embarrassed to share their income, even though our questionnaires are anonymous, for fear that someone might find out their income. Because ...
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Do you have to pay taxes on Social Security income?
Up to 85% of Social Security benefits are taxable for individuals with a combined income of at least $34,000, or a couple filing jointly with a combined i...
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What is clergy housing exclusion?
Clergy housing exclusion Both California and federal law allow members of the clergy an exclusion from income for either the rental value of a home furnis...
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Do you have to pay back the CARES Act SBA loan?
A: Any loan amounts not forgiven must be repaid by the borrower on or before the borrower’s applicable maturity date (two years for those loans “made” pri...
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Are commercial truck payments tax deductible?
Purchase. If you are leasing your truck, you can deduct the entire amount of each month’s payment. Purchasers typically see higher deductions in the first...
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Can college student not claimed as dependent receive stimulus?
The additional stimulus will be paid to the tax filer, not the dependent themselves. If you are a college student or adult who was claimed by a parent or ...
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