data and analysis
Can a corporation not have shareholders?
A Non-Stock Corporation is basically a corporation that does not issue shares of stock. Since the Non-Stock Corporation has no shareholders, it is owned b...
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global affairs
Is the supplemental check taxable?
All supplemental wages are subject to FICA taxes (Social Security/Medicare tax) and federal unemployment tax. No matter how you pay these wages, make sure...
global affairs
What do you need to know about TD Ameritrade 1099?
have been phased in since 2011, TD Ameritrade is now required (as are all broker-dealers) to report adjusted cost basis, gross proceeds, and the holding p...
culture and society
Can someone on Social Security contribute to an IRA?
Congress also authorized a new type of IRA, called a Roth IRA, that offers different types of tax advantages. You can open and contribute to the account e...
environment and climate
Can you write off a travel trailer for business?
Yes, your RV can be a tax write-off, no matter how long you’ve owned it. New and used RVs are both eligible for tax deductions in many states. Can you wri...
environment and climate
What happens if you and Your Ex Claim Kids on your taxes?
Now what?” If you and your ex both claim your kids on your taxes, there are a few outcomes (as well as solutions) when you’re both claiming a dependency d...
science and technology
Where can I open a custodial account for my child?
Ally Bank is our choice for the best custodial bank account because it offers Online Savings Accounts that can be easily opened for minors. Its online sav...
education and learning
Can you be a dual US and Irish citizen?
Yes, owning two passports is legal in most countries, including Ireland & the United States. However it depends on the country. Dual citizenship has a...
environment and climate
How do you get a scholarship for university?
Tips for applying for a university scholarship or bursary Consider your chances. Check if you need to apply and what the deadline is. Find out when you’ll...
media and communication
Is Puerto Rico considered foreign for US tax purposes?
2 As a result, although Puerto Rico belongs to the United States and most of its residents are U.S. citizens, the income earned in Puerto Rico is consider...
civics and society
Are Roth IRA contributions tax deductible TurboTax?
Saving with a Roth IRA has some tax advantages, but you cannot use your contributions as a tax deduction. The reason that contributions to a Roth IRA aren...
data and analysis
Can H4 file i140?
You can file an H4 EAD application with an old employer’s approved i140. It does not matter if you have changed jobs using H1B transfer after the i140 app...
culture and society
Can you e-file state without federal?
If you’re planning to file electronically through e-file, you won’t be able to e-file your state taxes before you e-file your federal taxes. Generally, e-...