technology insights
What do you need to know about Form 8938?
If you are required to file Form 8938, you must report the specified foreign financial assets in which you have an interest even if none of the assets aff...
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Technology Insights
technology insights
What are the chances of being audited in 2019?
Making a Lot of Money IRS statistics for 2019 show that individuals with incomes between $200,000 and $1 million had up to a 1% audit rate (one out of eve...
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technology insights
Do you have to pay sales tax for eCommerce?
Your eCommerce business must charge sales tax when you have nexus in a state. “Nexus” refers to a commercial connection in that state. Here are the most c...
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technology insights
How is ESPP taxed when distributed?
When you buy stock under an employee stock purchase plan (ESPP), the income isn’t taxable at the time you buy it. You’ll recognize the income and pay tax ...
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technology insights
How are sales and use taxes in California?
The sales and use tax rate in a specific California location has three parts: the state tax rate, the local tax rate, and any district tax rate that may b...
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technology insights
How do I calculate mortgage interest over 750000?
Mortgage Interest Deduction Divide the maximum debt limit by your mortgage balance, then multiply the result by the interest paid to figure your deduction...
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technology insights
Can you still receive 1st stimulus check?
Yes. If you never received your first stimulus payment, but believe you are eligible, you can still get both payments by claiming the Recovery Rebate Cred...
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technology insights
How do I find my 2018 AGI?
If you do not have a copy of your tax return, you can get your AGI from one of the IRS self-service tools: Use your online account to immediately view you...
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technology insights
What do you call someone who lives in a house illegally?
Overview. Squatting is when someone deliberately enters property without permission and lives there, or intends to live there. This is sometimes known as ...
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technology insights
Will I get a stimulus check if I am a non filer?
“For eligible individuals, the IRS will still issue the payment even if they haven’t filed a tax return in years.” The quickest way to receive a stimulus ...
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