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How do you plan a small business?
Traditional business plans use some combination of these nine sections. Executive summary. Briefly tell your reader what your company is and why it will b...
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Global News
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Can I give a tax free gift to my parents?
The IRS basically ignores gifts that don’t breach the annual gift tax exclusion. For tax years 2020 and 2021, the annual gift tax exclusion stands at $15,...
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How are capital gains taxed in the Philippines?
Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital asse...
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What if I have income but no W-2?
If you cannot get a copy of your W-2 or 1099, you can still file taxes by filling out Form 4852, “Substitute for Form W-2, Wage and Tax Statement.” This f...
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Do you have to run payroll as an S Corp?
Active s corporation owners are required to run payroll One such compliance rule for s corporations is the “reasonable salary” requirement. The IRS says t...
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Can I withdraw SSN money?
You can apply to withdraw benefits with Social Security form SSA-521. Send or hand-deliver the completed form to your local Social Security office. Once S...
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What does it mean to sell vacant land?
You evaluate the appropriate classification of your vacant land at the time of the sale. Short-term capital assets include land you hold for one year or l...
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What to do when unemployment runs out in Arkansas?
If you have not become re-employed by the time your unemployment insurance is exhausted (drawn out), contact your local office to determine if or when you...
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How do I enter a 1099-MISC for royalty income?
With your return open, search for 1099-MISC and select the Jump to link in the search results. When you enter your 1099-MISC, enter the income in Box 2 – ...
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Does my husband have legal rights to my house?
If you are married then you have a right to live in your home, even if your home is only in your husband or wife’s name. This is known as matrimonial home...
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