education and learning
Can you deduct health insurance on 1120S?
The premiums the business paid can be deducted on your Form 1040 (line 29) and as a business expense on Form 1120S. Your health insurance premiums paid by...
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data and analysis
What is a small group employer?
Currently, all states define their small-group insurance markets as employers with up to 50 employees. Under the Affordable Care Act, beginning in 2016, t...
culture and society
How do I claim medical expenses under 80D?
50,000 is the overall limit of section 80D. Hence, you can claim the maximum deduction of Rs. 50,000 from the health insurance premium, Central Government...
global affairs
What is a federal offset payment?
The Treasury Offset Program (TOP) collects past-due (delinquent) debts (for example, child support payments) that people owe to state and federal agencies...
global affairs
Are trusts subject to estate tax?
Although a revocable trust may help avoid probate, it is usually still subject to estate taxes. Also, since the assets have been transferred to the trust,...
news
What state is 50th in healthcare?
Hawaii is the top state for health care. It’s followed by Massachusetts, Connecticut, New Jersey and California to round out the top five. Learn more abou...
science and technology
What does a 1031 exchange mean for the buyer?
A 1031 exchange allows you to sell one investment or business property and buy another without incurring capital gains taxes – as long as the exchange is ...
culture and society
Do car insurance companies pay for lost wages?
Simply put, lost wages are the wages you would have earned by going to work had you not been injured. Lost wages are typically covered by an insurance com...
culture and society
What happens when the owner of an inherited IRA dies?
A successor beneficiary is the person who inherits the IRA after the original inheritor dies. In other words, successor beneficiaries in the third categor...
health and wellbeing
Is it possible to get a part time remote job?
Whether you’re looking for a side hustle for some extra income, or just trying to dip your toe into a new career, a remote, part-time job may be the right...
news
What is additional liability pending?
IRS Code 570 Additional Liability Pending or Credit Hold, which indicates that you could owe money to another government agency or something is amiss with...
health and wellbeing
What is an example of school records?
Examples of educational records include: grades / transcripts. student schedules. exams, papers, theses, etc. student email. What are six examples of stud...
news
Do tax credits reduce tax liability?
Tax credits directly reduce the amount of tax you owe, giving you a dollar-for-dollar reduction of your tax liability. A tax credit valued at $1,000, for ...