media and communication
Does NJ tax remote workers?
New Jersey has long maintained a reciprocal agreement with neighboring Pennsylvania that lets commuters and telecommuters in each state pay income taxes w...
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environment and climate
When do you have to pay taxes on a land sale?
The time between when you bought the land and when you sold it is the biggest determining factor in calculating how much you’ll owe the tax man. If you so...
data and analysis
How do you get out of a maintenance fee on a timeshare?
The only way to get rid of your timeshare maintenance fees and the other special assessment fees altogether is to get rid of your timeshare. Because as lo...
news
Can you lose your EIN with the IRS?
The IRS cannot cancel your EIN. Once an EIN has been assigned to a business entity, it becomes the permanent Federal taxpayer identification number for th...
data and analysis
Can a tax debt be written off?
The ATO can “write off” a tax debt if it decides that it is not commercially viable to pursue the debt. However, that doesn’t mean that the debt is gone f...
environment and climate
What are the tax benefits of investment property?
The 5 Major Tax Advantages Of Investment Property (Ep189) Depreciation. Depreciation is the lowering in value of your property, as in the building itself,...
education and learning
When to use the Form 1040X tax form?
Use Form 1040-X to file an amended tax return. Form 1040X is used by individual taxpayers to amend prior year tax returns. About Form 1040-X, Amended U.S....
science and technology
What is the filing deadline for 2020 tax return?
July 15 Though last year the IRS extended the deadline from April 15 to July 15, this year the agency has granted us only one extra month: Your 2020 tax r...
civics and society
How does joint ownership of LLC by spouse work?
Joint Ownership of LLC by Spouse in Community Property States. If there is a qualified entity owned by a husband and wife as community property owners, an...
global affairs
Can I see my tax forms online?
Taxpayers may also obtain a tax transcript online from the IRS. Use Get Transcript Online to immediately view the AGI. Select the “Tax Return Transcript” ...
media and communication
When did my refund check start?
You can start checking on the status of your refund within 24 hours after we have received your e-filed return or 4 weeks after you mail a paper return. W...
culture and society
How are Medicare claims paid?
Your provider sends your claim to Medicare and your insurer. Medicare is primary payer and sends payment directly to the provider. The insurer is secondar...
global affairs
What will be the Social Security increase for 2021?
The last time a Social Security cost-of-living adjustment was more than five percent was in 2009. Sadly, that jump in benefits was followed by two years o...