global affairs
What do you mean by a decision to shut down in business?
A decision to shut down means that the firm is temporarily suspending production. A firm that has shut down is not producing, but it still retains its cap...
Latest Headlines
data and analysis
When is the deadline to contribute to an IRA?
One thing that adds to taxpayer confusion is that the deadline for contributions is tax day of the following year. Be extra careful if you’re rushing to m...
health and wellbeing
What do you say when you first talk on the phone?
Let the other person know that you’re happy to be speaking to them. You could try to relax them by complimenting them on their conversational skills. For ...
data and analysis
How do I change my business structure?
Get started with these four steps to learn how to change business type. Research business structure options. Before you commit to changing your business e...
global affairs
What happens when you inherit a house and sell it?
For example, if you inherit your grandmother’s house and it was worth $200,000 when she died, and you sold it later for $210,000, you would subtract the s...
data and analysis
How do you find out what your Social Security income will be?
How can I get a Social Security Statement that shows a record of my earnings and an estimate of my future benefits? You can get your personal Social Secur...
health and wellbeing
Are death benefits income tax free?
Answer: If you mean the death benefits of the insurance policy, then these funds are generally free from income tax to your named beneficiary or beneficia...
news
Can I run a small business without an LLC?
You don’t need an LLC to start a business, but, for many businesses the benefits of an LLC far outweigh the cost and hassle of setting one up. You can als...
environment and climate
Can You claim a 24 year old disabled child?
Can I claim my 24 year old disabled child who receives SSI as a dependent? permanent and total disabled are considered qualifying children regardless of a...
education and learning
Where can I get free tax preparation services?
You can also find free tax preparation services through local non-profits if you qualify. The Volunteer Income Tax Assistance (VITA) provides free tax pre...
science and technology
What happens if you leave a rental early?
Early termination of your lease without legal grounds may mean that you may need to pay full rent for the remaining months on your lease. You can also fin...
data and analysis
Do you report mileage reimbursement on a 1099?
Is mileage that was reimbursed and included on 1099 counted as taxable income? Yes, it’s included in your taxable income, because that’s how it’s being re...
science and technology
What is an order of separate support and maintenance?
A “separate maintenance” case addresses all the same issues involved in a divorce, except the parties do not actually get divorced. At the end of the case...