media and communication
How does an employee work two different jobs?
An employee works two different types of jobs within the same company. The employer wants to track how much time the employee spends on each job, so the e...
Latest Headlines
data and analysis
Can grandparents open UTMA account?
The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts....
environment and climate
What happens if my employer does not issue my W-2?
If your employer refuses to give you your W-2, let her know that the IRS requires her to issue it to you by Jan. 31. Tell your employer that the IRS will ...
culture and society
Can a Delaware limited partnership have one partner?
A Delaware Limited Partnership refers to a business entity in the state of Delaware that consists of at least one general partner and at least one limited...
data and analysis
Can a non-resident incorporate a company in USA?
“Yes, You Can!” Every day, foreign nationals are setting up US businesses, from major enterprises to small shops. Setting up a company in the US as a non-...
environment and climate
Can you e file an amended Georgia tax return?
Yes, you can file an individual amended return electronically. Does Georgia accept prior year returns? Can I amend my state tax return on TurboTax? In Tur...
global affairs
What is Section 179 and when May this Section 179 be used?
Section 179 of the IRC allows businesses to take an immediate deduction for business expenses related to depreciable assets such as equipment, vehicles, a...
data and analysis
Can I mail a check with Form 7004?
Keep in mind that this is not an extension of time to pay your taxes. If you have any taxes due, they must be paid by the original tax filing deadline. Be...
education and learning
How much do you actually get after winning the lottery?
The federal government and all but a few state governments will immediately have their hands out for a bit of your prize. The top federal tax rate is 37% ...
global affairs
Why are my taxes not being accepted?
Probably the most common reason that the IRS will reject a tax return is because of errors that are discovered during e-filing. You’ll be able to resubmit...
education and learning
Can you live in New York on 50K?
50K would be around 3K/month after taxes. Of course you can live on that, but you’ll have to restrict expenses. When I just came to New York, I lived at m...
media and communication
Does a resident alien have to file taxes?
U.S. resident aliens are generally taxed in the same way as U.S. citizens. This means that their worldwide income is subject to U.S. tax and must be repor...
culture and society
How do I lower my adjusted gross income?
Reduce Your AGI Income & Taxable Income Savings Contribute to a Health Savings Account. Bundle Medical Expenses. Sell Assets to Capitalize on the Capi...