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What happens when you file a joint tax return?
When you file a joint return you have a joint tax liability. There is no per spouse tax liability. Each of you individually is liable for the total tax li...
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Global News
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Is a fixed annuity qualified or nonqualified?
An annuity contract funded with pre-tax dollars is a qualified annuity. Qualified annuity contracts are available through IRAs, and some employer 401(k)s,...
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Does the Social Security office make phone calls to you?
Our employees will never threaten you for information or promise a benefit in exchange for personal information or money. Social Security may call you in ...
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Can you start your own business as a doctor?
Yes, you can. But, a Fictitious Name Permit must be filed with the Medical Board of California. This is according to Section 2415 of the California Busine...
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What do you need to know about 1099-C tax form?
Form 1099-C is used to report canceled debt, which is generally considered taxable income, to the IRS. What should I do with my Intuit 1099-C? The entity ...
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Is a QDRO the same as a divorce decree?
May a QDRO be part of the divorce decree or property settlement? Yes. There is nothing in ERISA or the Code that requires that a QDRO (that is, the provis...
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What possible problems or questions may we encounter when we are dealing with stocks?
5 Common Problems in Stock Controlling and How to Solve Them Low accuracy. Keeping an accurate count of inventory items is the most challenging problem. I...
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How to ask a question about an S corporation?
Therefore, if you have a question about forming, operating or ending an S corporation, the answer probably appears below. However, if you truly do search ...
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What happens if you get multiple stimulus checks?
You may actually receive a letter from the IRS telling you to do so if they notice that a dependent was claimed twice. Failing to correct your return coul...
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How do you tell the difference between state and federal taxes?
The chief distinction is that state withholding is based on state-level taxable income, while federal withholding is based on federal taxable dollars. Sta...
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