technology insights
Can my daughter claim head of household?
Generally, to qualify for head of household filing status, you must have a qualifying child or a dependent. However, a custodial parent may be eligible to...
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Technology Insights
technology insights
How can I find out my prior year tax return?
The IRS has their automated system set up to provide information for current year tax returns. In order to get any information on prior years, you’ll need...
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technology insights
What is the going rate for a 2 year CD?
Best 2-year CD rates Bank Rate Minimum Deposit To Open Delta Community Credit Union 0.80% APY $1,000 Quontic Bank 0.75% APY $500 Comenity Direct 0.75% APY...
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technology insights
Can IRS go back 20 years?
20 years? The good news is that the IRS does not require you to go back 20 years, or even 10 years, on your unfiled tax returns. In most cases, the IRS re...
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technology insights
Can I file my stay at home wife as a dependent?
Should my spouse claim me as a dependent? No. Even if you don’t earn income, this does not make you a dependent for tax purposes. Married couples filing j...
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technology insights
Do we need to submit proof for standard deduction?
No documents are required to be submitted to claim standard deduction. Standard deduction Rs. 50000 (from Ay 2020-21) is allowed for all salaried employee...
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technology insights
Why do the family members reduce?
This might be true if you think the other person is too dependent on you for emotional or financial support. Research shows the most common reasons people...
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technology insights
Is a self-employed hair stylist a sole proprietor?
If you’re self-employed then you’re a sole proprietor and your business is a sole proprietorship. Sole proprietorships: Owned by one person—you don’t have...
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technology insights
Why is the IRS rejecting my tax return?
Probably the most common reason that the IRS will reject a tax return is because of errors that are discovered during e-filing. You’ll be able to resubmit...
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technology insights
Why did I get more than one letter from the IRS?
Why did I get more than one letter from the IRS about my Economic Impact Payments? After each of the three Economic Impact Payments is issued, the IRS mai...
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