health and wellbeing
What is reportable income to the IRS?
Income is income, no matter the amount. The reason that this gets confusing for individual taxpayers is that the threshold for required reporting from the...
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health and wellbeing
How much of the Bahamas was destroyed?
Reaching the islands was incredibly difficult, even for first responders and emergency personnel. The Abaco Islands were the hardest hit, suffering 87 per...
education and learning
Where do I deduct health insurance premiums on 1120S?
Page 16 of the Instructions for Form 1120S states: “Report amounts paid for health insurance coverage for a more than 2% shareholder (including that share...
civics and society
Do sole proprietors do Schedule C?
Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. Your primary purpose ...
education and learning
What are some good questions to ask your wife?
When asking these questions, listen with your eyes, turn off the TV, put your phone down, and rediscover the heart of your best friend! What’s something y...
health and wellbeing
When is the auspicious date to move into a new house?
Auspicious Dates for Moving House in 2020 To everyone, moving house is an significant event to celebrate. It is very important to choose an auspicious mov...
culture and society
How long after acceptance do you get your tax return?
Typically, the IRS expects to issue nine out of 10 tax refunds within 21 days after acceptance. However, we are seeing delays from this normal timing. Mai...
media and communication
What is the withholding rule?
A withholding tax takes a set amount of money out of an employee’s paycheck and pays it to the government. The money taken is a credit against the employe...
science and technology
Is teachers retirement taxable in Georgia?
All or most of your TRS monthly benefit is subject to federal income tax, with exact details furnished to you at the time of your retirement. For Georgia ...
science and technology
What is spousal bypass trust?
A spousal bypass trust is a discretionary trust which is set up by the member/pensionholder to receive pension death benefits. At the same time an express...
education and learning
Can S Corp provide health insurance?
Just like other business structures, S corporations can offer health insurance premium coverage for their non-owner employees as a tax-free fringe benefit...
civics and society
How does S-corp loss affect personal taxes?
Assuming you actively participate in the operation of your S corporation and you’re not merely a passive investor, if your S corporation suffers a loss in...
media and communication
How do you divorce an estranged spouse?
If you do not know where your estranged spouse is, you can still file your petition for divorce after making an effort to locate him or her. You will need...