technology insights
Do you have to file tax returns every year?
Not everyone is required to file an income tax return each year. Generally, if your total income for the year doesn’t exceed certain thresholds, then you ...
Read Journal Category
Technology Insights
technology insights
What does it mean when you claim 1 on your W-4?
If you wish to claim 1 for yourself instead, then less tax is taken out of your pay each pay period. This includes all earnings combined for the tax year....
Read Journal
technology insights
How much does my sister pay in rent?
For 2 years, she has not had to pay rent or a mortgage payment. I believe she should be paying me an amount every month that is half of the fair market re...
Read Journal
technology insights
Why did I receive a W2C?
Why did I receive a Corrected Form W-2, Wage and Tax Statement Form (W-2C)? Employee earnings or tax withholdings correction. Incorrect tax year. Repaymen...
Read Journal
technology insights
Do computers check tax returns?
The IRS Review Process: Every Return Is Reviewed by Computer Once the data is in the system, a computer checks the return for errors, such as mathematical...
Read Journal
technology insights
How can I check my income tax refund status?
You can check your Income Tax refund status as stated above. But the taxpayer gets confused about the meaning of different Income Tax refund status that i...
Read Journal
technology insights
What happens if a tax return is not filed?
If the status is anything but Accepted then the tax return was not e-filed. If you did not print and mail the federal tax return then the return was never...
Read Journal
technology insights
Can an LLC have a retirement account?
An LLC is eligible to set up a SEP IRA for retirement savings. Rules regarding contributions can vary depending on whether the LLC is for a sole proprieto...
Read Journal
technology insights
When should I sell my RSU stock?
You should sell the RSUs that have either lost you money or those that are at break even. The goal is to own a specific amount of employer shares while re...
Read Journal
technology insights
Is it besides myself or beside myself?
“Beside” is a preposition that means “close to” or “next to.” “Besides” is also a preposition that means “in addition to” or “apart from.” It’s can also s...
Read Journal