science and technology
Do tax credits impact tax basis?
Tax credits do not decrease the amount of taxable income, like deductions, but instead decrease the amount of tax owed dollar-for-dollar. Credits do not a...
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civics and society
How many years of tax records should I maintain?
three years In almost all cases, you can shred or throw away any documents such as W-2s, 1099s or other forms or receipts three years after you file your ...
education and learning
Can a parent get paid to take care of autistic child?
For qualified families, the state of California has a program called In-Home Supportive Service (IHSS), which pays an individual caregiver to stay home an...
media and communication
When buying a new car How do I transfer registration?
If you’re buying a new car and want to transfer your private plates to it then you’ll need to apply to take them off your existing car first. This is a si...
civics and society
What is reported on Form 706 Schedule F?
Use Schedule F: Other Miscellaneous Property Not Reportable Under Any Other Schedule, when filing federal estate tax returns (Form 706), to report propert...
education and learning
Can I live in a foreign country and collect Social Security?
If you are a U.S. citizen and qualify for Social Security, you can receive payments while living in most other countries. Under Treasury Department sancti...
data and analysis
Can foreigners own land in the Philippines?
Philippine real estate law does not allow outright ownership of real property by foreign nationals. Filipinos and former Filipino citizens and Philippine ...
science and technology
Does a irrevocable trust have to file a tax return?
The irrevocable trust must receive a tax identification number and needs to file its own tax returns. Unlike a revocable trust, an irrevocable trust is tr...
news
How often are employers required to report payroll related information to employees?
Most employers are required to file Form 941, Employer’s Quarterly Federal Tax Return, to report both the federal income taxes you withheld and the FICA t...
data and analysis
How do I withdraw 529 funds?
How to report a taxable 529 plan distribution on federal income tax returns Divide the AQEE by the total 529 plan distribution (Form 1099-Q, Box 1) Multip...
civics and society
What does it mean to pay mortgage on a house?
A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a s...
news
Where can I find New York state government payrolls?
The Payrolls section provides a database of names, positions, salaries and/or total earnings for individuals who have been employed by New York State, New...
civics and society
What happens if my Social Security number is wrong on my birthday?
You can contact the SSA at 800-772-1213 and the IRS at 800-829-1040 to correct an incorrect birthdate. If you confirm your date of birth is on file correc...