media and communication
Do you have to disclose problems when selling a house?
Property sellers are usually required to disclose information about a property’s condition that might negatively affect its value. Even if the law doesn’t...
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education and learning
What does it mean when an LLC is not in good standing?
A corporation or LLC usually loses its good standing status due to various compliance issues such as a lapse in annual report filing or non-payment of fra...
science and technology
Can you use the IRS identity verification service?
Use this service only if you have a: You received a 5071C letter, 5747C letter, 6331C letter, or 5447C letter and your financial and phone information is ...
health and wellbeing
What does extra withholding mean?
Additional withholding: An employee can request an additional amount to be withheld from each paycheck. Can I stop my employer from withholding taxes? If ...
education and learning
Is gift from daughter taxable?
1) Gifts up to Rs 50,000 in a financial year are exempt from tax. However if you receive gifts higher than this amount, the entire gift becomes taxable. F...
data and analysis
How are stimulus checks linked to your taxes?
Aside from the possible refund, your federal tax returns are linked to recovering your first two stimulus payments if you never received them. Even better...
culture and society
How to recover a 1099 tax form from earlier years?
If you are looking for 1099s from earlier years, you can contact the IRS and order a “ wage and income transcript ”. The transcript should include all of ...
education and learning
Do I need a business to sell shirts?
NO, you don’t need a business license to sell t-shirts online. If you are running a business you probably need a business license…… Is starting a Tshirt b...
global affairs
How can I find out if someone else has claimed my dependent?
If you e-file your tax return and get a message telling you that a dependent on your return has been claimed on another tax return or their own, or if you...
health and wellbeing
Can I get my 1099 emailed to me?
The IRS authorizes businesses to furnish an electronic copy to recipient of form 1099s, instead of a paper copy. An electronic recipient statement is a st...
health and wellbeing
Can nonresident aliens claim child care expenses?
If you are a nonresident alien and receive effectively connected income, you may be able to claim some of the following credits: Foreign tax credit. Child...
news
Is the sale of a house a short term capital gain?
Hence, house will be treated as Short Term Capital Assets. Meaning of short-term capital gain and long-term capital gain. Capital gain arising on sale of ...
environment and climate
How do I request a new W-2 from my employer?
If you can’t get your Form W-2 from your employer and you previously attached it to your paper tax return, you can order a copy of the entire return from ...