technology insights
What gifts have to be reported to the IRS?
Cash gifts up to $15,000 per year don’t have to be reported. Excess gifts require a tax form but not necessarily a tax payment. Noncash gifts that have ap...
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Technology Insights
technology insights
What can you write off with an S corp?
S-Corp Tax Deductions Ordinary business expenses such as rent, taxes, advertising, company-provided employee benefits, depreciation and interest can be su...
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technology insights
What does it mean to transfer stock in kind?
What’s an “in kind” transfer? When you transfer “in kind,” you simply move your investments to us “as is.” There’s no selling or buying involved and no ta...
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technology insights
What is Form CT-3 s?
Once a corporation has approval from the New York State Tax Department to be treated as a New York S corporation, it is required to file Form CT-3-S inste...
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technology insights
Do you need a property tax bill to pay property tax?
You don’t need any documents to pay property tax if you have the property tax bill, which is generally delivered by your municipality to the address of th...
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technology insights
How do you start a new line of business?
5 Steps to Launching a New Product Line Define Your Target User. Do you want to create something that your existing customers will love, or something that...
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technology insights
What are the most frequently asked sales tax questions?
Index for Sales tax frequently asked questions. Sales Tax Frequently Asked Questions Skip navigation Glenn Hegar Texas Comptroller of Public Accounts Glen...
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technology insights
How long after my refund is received will it be approved?
They will provide an actual refund date as soon as the IRS processes your tax return and approves your refund. Most refunds will be issued in less than 21...
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technology insights
How many downloads do you get with TurboTax Premier?
TurboTax Premier. Includes 5 federal e-files and 1 State download. How many times can you install TurboTax? You sure can! TurboTax 2020 software can be in...
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technology insights
What is a corporation accounting?
When people define corporate accounting, it refers to a specific accounting branch that handles accounting for companies, prepares their accounts and any ...
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