technology insights
What happens if a 1099-R is incorrect?
Businesses and pension plan administrators that file incorrect returns must amend their forms and send them to recipients and to the IRS. Generally, the I...
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Technology Insights
technology insights
Which country has longest working hours?
Colombia is the hardest-working OECD nation in the world, with the average working week lasting 47.6 hours in 2019. By law Colombians can work a maximum o...
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technology insights
How much is the penalty for not paying taxes on time?
The penalty for not filing your taxes on time is 5% of your unpaid taxes for each month that the return is late, maxing out at 25%. For every month you fa...
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technology insights
Are fraternal organizations tax-exempt?
To be exempt under Internal Revenue Code (IRC) section 501(c)(8), a fraternal beneficiary society, order, or association must meet the following requireme...
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technology insights
How long does it take for Great-West Life to process a claim?
Generally, after you submit a claim, you can expect a response from Canada Life within 2-5 days. After that, if you have additional information to submit,...
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technology insights
Is 1 year too soon to leave a job?
As such, a good rule of thumb is to stay at your job for a year or two. During that time, you’ve likely completed any probationary period and reached full...
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technology insights
What happens if you win a lemon law case?
Also, if you win your Lemon Law case, you usually have the choice of whether to accept a replacement vehicle or receive a refund. If you decide to receive...
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technology insights
How long does it take for sold stocks to settle?
For most stock trades, settlement occurs two business days after the day the order executes, or T+2 (trade date plus two days). For example, if you were t...
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technology insights
What happens to unused dependent care FSA?
Typically, you cannot carry over any unused funds from year to year in a dependent-care FSA, and carryover amounts for health FSAs are limited ($550 witho...
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technology insights
Can a qualifying child be claimed as a dependent?
You can claim a child as a dependent if he or she is your qualifying child. Generally, a child is the qualifying child of the custodial parent and the cu...
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