media and communication
Do you tip nanny?
Should you give your nanny a tip? The short answer is yes, occasionally. In general, you’ll want to give your nanny a tip or bonus around the holidays, an...
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data and analysis
What happens if the IRS has no record of your tax return?
If the IRS has no record of your tax return, you may receive IRS letter 4903. Generally, if you receive this letter, you’ll have 10 days to respond to the...
health and wellbeing
Can you transfer assets to an LLC?
Transferring assets to an LLC is a straightforward process. You simply need to identify the type of asset (real estate, cash, securities, or personal prop...
education and learning
Do nonprofits fill out Schedule C?
Schedule C is used by Section 501(c) organizations and Section 527 organizations to furnish additional information on political campaign activities or lob...
civics and society
How long should a job give you to relocate?
What’s a reasonable amount of time to relocate? Typically, employers allot one month from the time you accept the offer to the start date. In some cases, ...
education and learning
What does TurboTax charge for state returns?
TurboTax is one of the most popular tax software providers, but it’s not the cheapest. TurboTax’s three DIY packages cost between $60 and $120 for federal...
environment and climate
How do you explain depreciation on equipment?
Equipment depreciation is a measure of how much a piece of equipment drops in value each year. As you calculate the depreciation of your assets, you can m...
civics and society
What are natural gas royalties?
It goes like this: Gas companies and landowners sign a lease agreement before drilling begins. The royalty is money paid to the mineral owner, like Clark,...
civics and society
What to do if a tax preparer makes an error?
In general, you’re on the hook for any tax you discover you owe, but a decent preparer usually will pick up the tab for penalties (and sometimes interest)...
education and learning
How do I get a copy of my CA state tax return?
You may be able to obtain a free copy of your California tax return. Go to MyFTB for information on how to register for your account. You may also request...
civics and society
Can I move money from one mutual fund to another without paying taxes?
The IRS allows you to use capital losses to offset any of your other investment gains, and up to $3,000 in ordinary income. Additional losses can be rolle...
culture and society
What happens when you file a joint tax return?
When you file a joint return you have a joint tax liability. There is no per spouse tax liability. Each of you individually is liable for the total tax li...
environment and climate
Who is eligible for Social Security stimulus checks?
Under the CARES Act of March 2020, all US citizens and non-US citizens with a Social Security number who live and work in America were eligible to receive...