technology insights
Are there estate taxes on trusts?
They give up ownership of the property funded into it, so these assets aren’t included in the estate for estate tax purposes when the trustmaker dies. Irr...
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Technology Insights
technology insights
What name do I put on 1099?
The 1099-MISC tax form will print with the First and Last Name on line 1. In addition, the IRS requires the use of the owner’s Social Security number on t...
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What does a CP2000 letter from the IRS mean?
The letter is called an IRS Notice CP2000, and it gives detailed information about issues the IRS identified and provides steps taxpayers should take to r...
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technology insights
Should I immediately sell ESPP?
If you are risk-averse, you might consider selling your ESPP shares right away so you don’t have overexposure in one stock, particularly that of your own ...
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technology insights
How do I Recharacterize my Roth contributions fidelity?
Go to Fidelity.com or call 800-343-3548. Use this form to recharacterize any annual contributions you made to a Traditional IRA as an annual Roth IRA cont...
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What is the tax treatment of the vacant land?
A vacant land with no construction on it will not be considered as a land appurtenant. Only land attached to a building would be considered as Land appurt...
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How do I prove my VA status?
Service Records: Proving Your Eligibility For a veteran to show they’re eligible for benefits, they must first present the VA office with an official copy...
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technology insights
How do I turn off email notifications on my Garmin?
To DISABLE NOTIFICATIONS from displaying on your Garmin device: Choose the app you want to control from the Notification Settings screen. Under ALERTS, un...
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technology insights
Where can I find my property tax payment?
Property tax payment details are available in one of four ways: your own records, the county assessor’s office, your mortgage tax documentation or on the ...
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Do accountants understand taxes?
Tax accountants understand tax reporting requirements and prepare tax returns for both individuals and businesses, but this alone doesn’t reveal the wide ...
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