technology insights
Does the IRS know your date of birth?
The IRS relies on the information for your birth date from the Social Security Administration which is provided directly from their data base. If SSA reco...
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Technology Insights
technology insights
How to fill out a Schedule C for a sole proprietor?
Schedule C (Form 1040) is a form attached to your personal tax return that you use to report the income of your business as well as business expenses, whi...
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technology insights
When do you not have to pay taxes on withdrawals from an IRA?
Once you reach age 59½, you can withdraw money without a 10% penalty from any type of IRA. If it is a Roth IRA and you’ve had a Roth for five years or mor...
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technology insights
When is the deadline to file back taxes for 2020?
Tax Deadlines for 2021 and Back Taxes for 2019, 2020, 2018. The Tax Deadline to e-File 2020 Taxes is April 15, 2021. If you miss this date, you have until...
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technology insights
Who pays the PayPal transaction fee?
seller When completing a transaction through PayPal, the seller must pay a PayPal fee. The buyer isn’t forced to pay any fee. The fee the seller pays is c...
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technology insights
What happens to my 401k if I move abroad?
If you’re a nonresident with a 401(k) and are planning to return to your home country, you can cash out the account, roll it over into an IRA, or leave th...
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technology insights
Is Social Security counted as income for student loans?
Social Security benefits can be garnished by the federal government for federal student loans that are in default. In addition to garnishing your Social S...
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technology insights
Can you prepay an SBA loan without penalty?
Exceptions to the SBA loan early payoff penalty The SBA also states that for loans sold on the secondary market, business owners can prepay as much as 20%...
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technology insights
Can you apply for a new EIN?
If you find out you’re required to get a new EIN, don’t worry! You can easily submit an SS4 form online via GovDocFiling to get a new one. The process tak...
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technology insights
Is NYS extending unemployment benefits?
New York state will continue to review claims for federal benefits for weeks of unemployment on or before Sept. 5, according to the DOL website. If a clai...
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