technology insights
How are tax credit rents determined?
The tax credit program assumes a 1.5 person bedroom size. To calculate the income of “1.5 people” the owner will average the AMI of a one person household...
Read Journal Category
Technology Insights
technology insights
How to find an EIN number fora company?
An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity. Generally, busine...
Read Journal
technology insights
Can a LLC be co owned by a spouse?
LLCs Co-Owned by Spouses in Community Property States. An LLC co-owned by spouses in a community property state can be treated like an SMLLC for tax purpo...
Read Journal
technology insights
Do funeral homes get a 1099?
Under Section 6041 of the IRS Code, funeral homes, like other businesses, are required to provide a Form 1099 to any person (other than an employee) that ...
Read Journal
technology insights
How do I find out my tax refund amount from last year?
Visit the IRS website for instant online access to your transcript. Call 1-800-908-9946. Use Form 4506-T. Is Social Security number on tax return? You gen...
Read Journal
technology insights
What is the gifting rule?
You just cannot gift any one recipient more than $15,000 within one year. If you’re married, you and your spouse can each gift up to $15,000 to any one re...
Read Journal
technology insights
What is the income tax limit for senior citizen?
50,000 in the form of higher exemption limit is available to a resident senior citizen as compared to normal tax payers. A very senior citizen is granted ...
Read Journal
technology insights
What is TPT tax type?
Arizona transaction privilege tax Although commonly referred to as a sales tax, the Arizona transaction privilege tax (TPT) is actually a tax on a vendor ...
Read Journal
technology insights
How can I transfer money through call?
You can transfer funds from your phone without internet… You simply need to dial *99# on the phone, and wait for a few seconds. The service options—transf...
Read Journal
technology insights
Who needs a pub 972?
Be a U.S. citizen, resident alien, or national—more information on residency requirements can be found in IRS Publication 519; Have lived with the taxpaye...
Read Journal