science and technology
Are there any new tax deductions for 2018?
Under the new tax law, her personal deduction is zero in 2018 and her standard deduction is $12,000. In this example, the single taxpayer has a larger ded...
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data and analysis
Can you file married filing separately in Wisconsin?
You may file a separate return if you were married as of December 31 of the tax year, and you and your spouse do not file a joint return. In most instance...
education and learning
Does my wife Social Security affect mine?
No. Each spouse can claim their own retirement benefit based solely on their individual earnings history. You can both collect your full amounts at the sa...
education and learning
Can church contributions be deducted?
When you prepare your federal tax return, the IRS allows you to deduct the donations you make to churches. As long as you itemize your deductions, you can...
environment and climate
Where do I report nondividend distributions?
Non-taxable distributions are generally reported in Box 3 of Form 1099-DIV. Return of capital shows up under the “Non-Dividend Distributions” column on th...
data and analysis
Is a balance sheet required for a 1065?
If the partnership has assets of at least $1 million or gross receipts of at least $250,000, you are required to complete a balance sheet (Schedule L) wit...
media and communication
Is there a free version of TurboTax for state taxes?
That’s why, for the sixth year in a row, TurboTax is offering free federal and state tax filing with TurboTax Free Edition. TurboTax has helped millions o...
data and analysis
Are partners entitled to reimbursement?
Many Partnership Agreement include a reimbursement provision which usually provides wording which specifically requires reimbursement for defense costs an...
data and analysis
Do you have to pay taxes if someone loans you money?
Personal loans generally aren’t taxable because the money you receive isn’t income. Unlike wages or investment earnings, which you earn and keep, you need...
health and wellbeing
What to do after changing jobs?
6 Things to Do When Changing Jobs Give Ample Notice. While the phrase “two weeks’ notice” is often heard, there’s no hard and fast standard for how much l...
education and learning
How do you interview a trader?
General trader interview questions Why do you think we should hire you? What do you know about us? How did you hear about this job opening? What are your ...
culture and society
What are the most common questions about IRAS?
Bankrate queried finance professionals to find out which questions come up most often. It turns out that literally all aspects of IRAs are potentially con...
news
What do I need to fill out Form 982?
To make sure its excluded within your return, you will need to fill out the following forms: Form 982, you will need to indicate the reason for the discha...