global affairs
How does payment work for Uber drivers?
Uber drivers are paid each week on Wednesday or Thursday via direct deposit (ACH). Typically you’ll get a pending payment to your bank account from Uber o...
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news
Why is NJ state Refund taking so long?
A number of things could cause a delay in your New Jersey refund, including the following: If the department needs to verify information reported on your ...
civics and society
How do I get my w2 from New York City DOE?
Your W-2 statement is available at NYCAPS Employee Self-Service (ESS). For assistance or more information please contact NYCAPS at 212-487-0500. Why is NY...
global affairs
What is the deductible part of self-employment?
You can deduct half of your self-employment tax on your income taxes. So, for example, if your Schedule SE says you owe $2,000 in self-employment tax for ...
news
Can a hardship withdrawal be made from a retirement account?
A hardship withdrawal, though, allows funds to be withdrawn from your account to meet an “immediate and heavy financial need,” such as covering medical or...
culture and society
Can I use TurboTax code online?
A license code is not entered on or used with the TurboTax online editions. It is only used with the TurboTax software that you install on a personal comp...
civics and society
How much capital loss can you claim?
If you have an overall net capital loss for the year, you can deduct up to $3,000 of that loss against other kinds of income, including your salary and in...
science and technology
Can EE bonds be cashed online?
And if you cash it in before it’s 5 years old, there’s a penalty. Depending on whether you have a paper or electronic savings bond, you can cash it in at ...
education and learning
Do you have to pay taxes on illegal income?
As such, a person’s taxable income will generally be subject to the same Federal income tax rules, regardless of whether the income was obtained legally o...
science and technology
Why is a corporation taxed separately from individuals?
Because a corporation is a separate legal entity from its owners, the company itself is taxed on all profits that it cannot deduct as business expenses. W...
media and communication
How do I request another tax return?
Taxpayers can call 800-908-9946 to request a transcript by phone. Transcripts requested by phone will be mailed to the taxpayer. By mail. Taxpayers can co...
news
What kind of tax credit do I get for solar?
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovolta...
news
Do you have to attach a copy of your K-1 to a 1041?
You must furnish a copy of each K-1 to the appropriate beneficiary, and attach all copies to Form 1041 when you file the return with the Internal Revenue ...