news
What is reimbursement for childcare?
A dependent care reimbursement account allows employees to set aside some pretax income (up to $5,000 in 2014) for the express purpose of paying for depen...
Latest Headlines
culture and society
Can I buy a car with business money?
In the United States, it’s possible to get a car loan under your business name. You can’t buy a car as a sole proprietor, but you can buy one as a limited...
civics and society
How do I change the percentage of ownership in an LLC in Texas?
File a certificate of amendment with the Texas Secretary of State’s office to reflect changes in LLC membership. Download the certificate from the SOS web...
media and communication
When did my federal tax return get rejected?
February 17, 2021 8:05 AM Federal Tax return electronic filing rejected – now what? I submitted my 2020 Federal Tax return electronically and it was rejec...
civics and society
What is Box 14 A?
Line 14A – Net Earnings (Loss) from Self-Employment – Amounts reported in Box 14, Code A represent the amount of net earnings from self-employment. For Li...
global affairs
How long will it say pending on TurboTax?
If you e-filed your return before February 12, it’ll stay in Pending status until the IRS starts processing the backlog of returns. After that, e-filed re...
civics and society
What happens to my tax return if I get a 1099c?
According to the IRS, nearly any debt you owe that is canceled, forgiven or discharged becomes taxable income to you. You’ll receive a Form 1099-C, “Cance...
health and wellbeing
What is base erosion payment?
Base erosion payment. A base erosion. payment is any amount paid or accrued by. a taxpayer to a foreign person (as defined. in Regulations section 1.59A-1...
environment and climate
Does the IRS check every single tax return?
The IRS does check each and every tax return that is filed. If there are any discrepancies, you will be notified through the mail. Do you have to file tax...
science and technology
What do Opportunity Zones do?
More In Credits & Deductions. Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States...
culture and society
What happens when the owner of a time share dies?
However, in the case of an owner’s death, a timeshare becomes part of that owner’s estate, and thus, the benefits, investment, and obligations attached to...
news
What to do if your employer gives you a 1099 instead of a W-2?
If you do not agree with this classification you can speak with your employer to request to be treated as an employee and given a W-2. If your employer re...
media and communication
How do you protest commercial property taxes?
If the property owner determines that the assessed value is higher than the market value of his property, he should file a protest with the local appraisa...