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...
Read Journal Category
Technology Insights
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...
Read Journal
technology insights
When to use supposed to be supposed to?
When to Use Supposed To To be supposed to is a common phrase that functions the same way a modal verb does. Modal verbs, also called auxiliary or helping ...
Read Journal
technology insights
How do you report sale of timber on tax return?
You report the sale expenses on the new Form 8949 and Form 1040 Schedule D. It is prudent to file Form T (see page 25). Timber sale expenses are fully ded...
Read Journal
technology insights
Do I need to file an extension if the IRS owes me money?
The IRS offers an automatic six-month extension for filing a federal tax return to anyone who asks. If you owe tax money, you still need to pay it by the ...
Read Journal
technology insights
How much can you withdraw from home buyers plan?
Note. Budget 2019 increase the HBP withdrawal limit to $35,000. This applies to withdrawals made after March 19, 2019. What happens if you don’t pay back ...
Read Journal
technology insights
What kind of tax do I have to pay if I make 100K?
The Federal Income Tax calculation includes Standard deductions and Personal Income Tax Rates and Thresholds as detailed in the Federal Tax Tables publish...
Read Journal
technology insights
Can a quitclaim deed be used for estate planning?
Quitclaim deeds can sometimes be used as part of an estate plan, but using them for this purpose is generally not a good idea. When you quitclaim your int...
Read Journal
technology insights
Do you have to pay taxes on a sole proprietorship?
A sole proprietor business does not pay corporate taxes, but the owner of the business pays personal income taxes on the profit made by the business. A so...
Read Journal
technology insights
What is a single teacher called?
Miss is title of respect before a woman’s name or position that is used when a woman is unmarried (It is often used in reference to a child, teen, or stud...
Read Journal