global affairs
Can a company ask for your tax return?
Although it is not illegal under federal law to ask a job applicant for a tax return or W-2, it is “unlawful for a person to disclose, use or compel the d...
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science and technology
What to do when you owe state taxes?
What to Do When You Owe State Taxes 1 Pay Taxes Directly. If you pay your state tax bill when you file taxes, you don’t incur any penalties or interest ch...
health and wellbeing
How do you qualify for additional Child Tax Credit?
To be eligible for the child tax credit, the child or dependent must: Be 16 years or younger by the end of the tax year. Be a U.S. citizen, national, or r...
education and learning
How long does it take to get lump sum from 401k?
When you leave a job, you can decide to cash out your 401(k) money. Generally, when you request a payout, it can take a few days to two weeks to get your ...
data and analysis
How do you file taxes when you own your own business?
If you’re a sole proprietor, every year you must file Schedule C (Profit or Loss From Business) with your Form 1040 (U.S. Individual Income Tax Return) to...
data and analysis
How do I report MISC income from taxes?
When you file taxes, you’ll list your miscellaneous income on a Form 1040 Schedule C, Profit and Loss from Business. Add smaller payments to money that wa...
health and wellbeing
Do I need to file 1125-E?
Form 1125-E, Compensation of Officers, must be completed and attached to Form 1120, 1120-C, 1120-F, 1120-RIC, 1120-REIT, or 1120S, if the entity has total...
science and technology
Are student accounts available to international students?
There are two types of bank accounts an international student can choose from in the US: a savings account, and a checking account. A savings account woul...
health and wellbeing
How are proceeds from real estate transactions reported on Form 1099?
IRS Form 1099-S Proceeds From Real Estate Transactions is used to report proceeds from real estate transactions. Where this information is reported depend...
science and technology
Can you start a business as a non US citizen?
The American dream of business ownership in the United States is not limited to only U.S. citizens. Neither citizenship nor residency is required to start...
education and learning
Is line 150 before or after taxes?
Calculate your income by adding up lines 101-150. Therefore, line 150 is your total income before deductions. Net income, on line 236, is calculated by ad...
health and wellbeing
How do you keep track of remote employees?
Time Doctor. Time Doctor is one of the most powerful time tracking tools for 2021. Toggl. Toggl is a great virtual software to see if remote employees are...
media and communication
Do I include my pension on my tax return?
Money from pensions will be taxed under the Pay As You Earn (PAYE) system. You might not pay the right tax at the right time. You might need to claim a ta...