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Can I take my wife to USA on work visa?
Usually, when an individual applies for a work visa to the U.S., they can bring their spouse and dependent children along with them. Now, generally speaki...
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global affairs
Can an individual set up an S Corp?
Shareholders can only be individuals or certain trusts and estates – not partnerships, corporations or foreign shareholders. Eligible businesses can becom...
education and learning
Where do I report 1099-DIV Box 5?
Enter your total capital gains (Box 2a) from all your taxable investments on line 6 of Form 1040 and check the box on that line. Box 5 shows the portion o...
global affairs
What happens if I make a mistake on probate?
This procedure is known as ‘applying for probate’ and probate negligence occurs when a mistake is made in this process, such as a missed deadline. If the ...
science and technology
Does IRS send stimulus to TurboTax?
For those without current direct deposit information on file, they will receive the payment as a check or debit card in the mail. As part of the income ta...
education and learning
Where can I find my AGI from last year on TurboTax?
If you can sign in to your prior years’ Turbotax account, you may: Sign in and go down to Your tax returns & documents. Select View adjusted gross inc...
civics and society
Does Michigan have to pay back unemployment?
The letters prompted concern that people who had received benefits from over the past year would have to pay them back. However, Gov. Gretchen Whitmer rec...
global affairs
What is a withdrawal distribution?
An in-service withdrawal occurs when an employee takes a distribution from a qualified, employer-sponsored retirement plan, such as a 401(k) account, with...
civics and society
When do single owner LLCs file a Schedule K-1?
Single-owner LLC’s don’t use a Schedule K-1 to report the business income; they use a Schedule C-Profit or Loss from Business. 2 Partners and shareholde...
civics and society
Does third party sick pay go on W-2?
It’s important to note that sick pay must be reported on the employee’s W-2 regardless of tax implications. Employees are required to document the followi...
global affairs
What does resident mean on tax form?
California Residency for Tax Purposes The state of California defines a resident for tax purposes to be any individual who is in California for other than...
global affairs
Do graphic designers do logos?
Graphic designers will work on design elements and structures, providing a visual message/brand for a company in order to sell a product or service. They ...
global affairs
How do I log into my PTIN account?
Answer: To access your online PTIN account, go to the PTIN system login page. On the top left side of the page under Returning User, enter your User ID an...