global affairs
What is the IRS Ein for a business?
The Employer Identification Number (EIN), also known as the Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number, is a u...
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news
How old do you have to be to get a third stimulus check?
Your dependents qualify toward a third check, with no age restrictions For the first and second stimulus checks, qualified dependents were defined as anyo...
media and communication
How long is too long for a couple to be apart?
If a couple must stay apart, it shouldn’t be for more than six months or maximum one year. During this period, conscious and sustained efforts must be mad...
health and wellbeing
Can I file 2018/19 return?
How many years can a belated return be filed? The taxpayers can file a belated return until the end of the assessment year or completion of the assessment...
media and communication
Do RSUs get double taxed?
Are RSUs taxed twice? No. The value of your shares at vesting is taxed as income, and anything above this amount, if you continue to hold the shares, is t...
science and technology
Why was my IRS extension rejected?
Although you don’t need to submit a lot of information to e-file an extension, it could be rejected if you enter any details incorrectly. One example of t...
civics and society
Can you roll a 401K into an IRA without penalty?
You can roll over money from a 401(k) to an IRA without penalty but must deposit your 401(k) funds within 60 days. However, there will be tax consequences...
media and communication
Why do I have to file tax return every 5 years?
I haven’t been earning any money elsewhere and have been pay taxes via my full time PAYE job for the past 5 years. They’re sending the returns through to ...
global affairs
What are the rules for selling a second home?
The replacement property must meet the following criteria: 1 You must own the home for at least two years after exercising the 1031 exchange; and 2 You mu...
culture and society
What are advertising services?
Advertising Services means services rendered by an advertising agency when designing and/or implementing an advertising campaign to promote a product, ser...
health and wellbeing
Do you have to change residency when you move to another state?
Many states require that residents spend at least 183 days or more in a state to claim they live there for income tax purposes. In other words, simply cha...
global affairs
How do I amend a simple tax return?
Use Form 1040X to amend a federal income tax return that you filed before. Make sure you check the box at the top of the form that shows which year you ar...
data and analysis
How to set up a tax payment plan?
Generally, in order to establish a payment plan, the amount of tax due must be greater than $100. However, the Department will make exceptions to that rul...