science and technology
Can uncle gift to nephew?
Consequently, any sum of money gifted by uncle to his nephew shall not be chargeable to tax in the hands of the nephew. However, reverse shall be taxable ...
Latest Headlines
health and wellbeing
Can a 1099-S be recieved from a sale of an inherited property?
A 1099-s was recieved from a sale of an inherited property…. If an estate tax return was filed, the value listed for the property generally is your basis....
media and communication
How do you scale a tutoring business?
Here are a few actionable steps to accelerate the growth of your online tutoring business: Establish yourself as a thought leader in the community. Scale ...
news
Is it hard to pass the enrolled agent exam?
Enrolled Agent Exam Pass Rate: How Hard Is the Enrolled Agent Exam? As the average Enrolled Agent exam pass rate is 71%, many people find the EA exam to b...
science and technology
How long does it take for EDD to pay after certification?
Once you receive your debit card, payments should be posted to your card about three days after we receive your certification. Benefit payments by check w...
health and wellbeing
Is a QDRO distributions subject to 10 penalty?
Assets distributed from a qualified plan under a QDRO are exempt from the usual 10% early withdrawal penalty. What is separation from service distribution...
health and wellbeing
Can you file taxes with 401k early withdrawal?
Generally, anyone can make an early withdrawal from 401(k) plans at any time and for any reason. However, these distributions typically count as taxable i...
education and learning
What happens to mortgage escrow when house is sold?
Mortgage escrow accounts accumulate money over several months, usually from borrowers’ prorated payments for their real estate taxes. When you sell your h...
health and wellbeing
Is Georgia processing paper tax returns?
All first-time Georgia income tax filers, or taxpayers who have not filed in Georgia for at least five years, will receive a paper check. Read Georgia Tax...
news
Can a Realtor be self employed?
Most real estate agents and brokers receive income in the form of commissions from sales transactions. You’re generally not considered an employee under f...
news
Can a restaurant be a limited liability partnership?
Can a restaurant be an LLC? Yes, a business owner of a restaurant may elect to form an LLC. In fact, both an LLC and a sole proprietorship can be a reward...
science and technology
When did I buy my first apartment complex?
That junky old house was the first piece of true investment real estate we ever bought. That property kicked off the journey that four and a half years la...
education and learning
Can I claim my 18 year old son on my taxes if he works?
Yes, a child under age 19 or a full time student under age 24 can still be claimed as a dependent regardless of the amount of income she has. Can you clai...