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Is it good for husband and wife to work together?
Working with your spouse surely has an impact on your personal relationship, and some couples say working and building a business together has made their ...
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Local Updates
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What can you write off under LLC?
The following are some of the most common LLC tax deductions across industries: Rental expense. LLCs can deduct the amount paid to rent their offices or r...
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What happens when my amended return is received?
Where’s My Amended Return? follows the processing stages of your amended return from receipt until completion. It will tell you if your return is in recei...
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What happens if I forgot to file one of my 1099s?
Generally, you can expect the IRS to impose a late payment penalty of 0.5 percent per month or partial month that late taxes remain unpaid. If the 1099 in...
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Do you have to give evidence in family court?
Once a person has submitted a witness statement to the court, they need to be prepared to give evidence to the court in person if this is required. This i...
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Can an S-Corp pay medical expenses?
You can get reimbursed for Medical Expenses! This is a major benefit of having reasonable compensation through your corporation. This benefit to S-Corp ow...
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Do independent graduate students get more financial aid?
FAFSA for graduate school: Grad students are typically considered independent students. Less financial aid for graduate school. Interest rates for graduat...
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Do both spouses need long term care insurance?
It is unlikely, although not impossible, that both spouses will need extended long term care coverage. By purchasing a joint policy, couples can reduce th...
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Can employers pay employees in other countries on the corporate home country payroll?
Can employers pay employees in other countries on the corporate home-country payroll? Just as an employer based in the United States must comply with U.S....
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When do I need to fill in my tax return?
People and businesses with other income must report it in a tax return. If you need to send one, you fill it in after the end of the tax year (5 April) it...
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