technology insights
Can I still contribute to 2019 Roth IRA in 2021?
For 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can’t be more than: $6,000 ($7,000 if yo...
Read Journal Category
Technology Insights
technology insights
Does a minister conduct a funeral?
Finding a minister for a funeral If your loved one was religious, it may be appropriate for a religious leader to conduct the funeral service. The Church ...
Read Journal
technology insights
How is an S corporation formed?
A corporation becomes an S corporation by filing an S corporation election with the IRS. The election is made on IRS Form 2553, Election by a Small Busine...
Read Journal
technology insights
Why is my Capital One credit card declined when I have money?
The reason why your Capital One card was declined when you were attempting to make a purchase could be a lack of available credit, a defective card, a bro...
Read Journal
technology insights
How to get a copy of your prior year tax information?
If the return was filed and accepted, log into the account and click on the Prior Years tab. Select the tax year you wish to access and click on Access Re...
Read Journal
technology insights
How does debt forgiveness work?
What is debt forgiveness? Debt forgiveness happens when a lender forgives either all or some of a borrower’s outstanding balance on their loan or credit a...
Read Journal
technology insights
When can you take suspended losses?
Deducting Suspended Losses When You Sell Property The tax rules provide that you may deduct your suspended passive losses from the profit you earn when yo...
Read Journal
technology insights
What is an example of an exempt job?
The most common roles considered exempt include professional, executive, outside sales, and administrative. On the flip side, non-exempt employees must be...
Read Journal
technology insights
How much of the Bahamas was destroyed?
Reaching the islands was incredibly difficult, even for first responders and emergency personnel. The Abaco Islands were the hardest hit, suffering 87 per...
Read Journal
technology insights
Can you eFile federal and state separately?
Yes, as long as you have already efiled the federal return, you can efile the state return. The federal return must be efiled before you can file the stat...
Read Journal