civics and society
What is a 1 immigration status?
The A-1 visa is the only non-immigrant U.S visa which allows high government officials to enter the U.S for purposes which relate to the development of di...
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global affairs
How do I request S corp status for LLC?
To elect Corporation status, the LLC must file IRS Form 8832 – Entity Classification Election. To elect S Corporation status, the LLC must file IRS Form 2...
environment and climate
Are music producers independent contractors?
A statement that even though the producer is an independent contractor, for purposes of copyright law, the producer is deemed an “employee-for-hire.” That...
science and technology
How much money does Robyn Dixon have?
Besides Robyn Dixon’s untraditional relationship with ex-husband-turned-fiance Juan Dixon, Robyn has struggled with her finances while on “RHOP.” Accordin...
environment and climate
When is the deadline to file a tax return?
Deadline to file and pay your tax bill if you have one is May 17, 2021 Deadline to file an extended return is October 15, 2021 Click here for a more compl...
civics and society
What are some common questions asked by tax professionals?
For your convenience, here are five basic tax questions The Tax Institute and our tax professionals have been asked this year about tax preparation – with...
environment and climate
How to become a Certified tax advisor?
Tax professionals who work as CPAs or enrolled agents (EA) must earn specific credentials. CPAs need a license from their state boards of accountancy, whi...
data and analysis
Is TurboTax freedom edition really free?
TurboTax Free File, also called TurboTax Freedom Edition, is free for those making under $34,000 per year. TurboTax also offers a Free Edition for anyone ...
global affairs
How to apply for an IRS installment agreement?
For businesses, balances over $10,000 must be paid by Direct Debit. Apply online through the Online Payment Agreement tool or apply by phone, mail, or in-...
health and wellbeing
Can I write off all of my mortgage interest?
Most homeowners can deduct all of their mortgage interest. The Tax Cuts and Jobs Act (TCJA), which is in effect from 2018 to 2025, allows homeowners to de...
culture and society
Can I get a copy of my w9 online?
The W-9 can be downloaded from the IRS website, and the business must then provide a completed W-9 to every employer it works for to verify its EIN for re...
health and wellbeing
What happens if I file FBAR late?
While few people are actually prosecuted criminally, the IRS does routinely impose the civil penalties for willful failure to file FBAR. The penalties for...
science and technology
How to file taxes for Your Small Business?
Small-business owners can register their business as a sole proprietorship, partnership, C corporation, S corporation, or limited liability company (LLC)....