education and learning
How do I record a shareholder loan repayment in Quickbooks?
You must record all payments made for the loan….To record a payment: Select + New. Under Vendors, select Check. From the Account drop-down list, select th...
Latest Headlines
media and communication
What is the IRS payment schedule for stimulus checks?
Stimulus check delivery start and end dates First direct deposits made March 17 First paper checks sent Week of March 15 First EIP cards sent Week of Marc...
data and analysis
What taxes do you pay in NJ?
Personal income tax 1.4% on the first $20,000 of taxable income. 1.75% on taxable income between $20,001 and $35,000. 3.5% on taxable income between $35,0...
data and analysis
Can a wife be taxed for rental income?
Re: Husband owns rental property. Can wife be taxed for rental income? Generally tax is not concerned with legal ownership, income becomes to the benefici...
environment and climate
Does the successor trustee become the grantor?
Important Trust Terminology Grantor: The grantor is the person who creates the trust and transfers property to it. A grantor is sometimes known as the set...
culture and society
What is net profit for self employed?
For Working Tax Credit, your earnings are the taxable profits you made from self employment in a year. Your ‘net profit’ is worked out by taking the figur...
news
What are the requirements to claim someone as a dependent?
In order to claim someone as your dependent, the person must be: Unmarried or, if married, not filing a joint return or only filing a joint return to clai...
news
Why do children abandon their parents?
Causes. Poverty and homelessness are often causes of child abandonment. Physical disability, mental illness, and substance abuse problems that parents are...
global affairs
Can I live with my ex husband after divorce?
The legal effect of living together after divorce Beyond considerations involving child support and alimony, just as a divorced couple is free to cohabita...
environment and climate
Can a tax return take longer than 21 days?
It was accepted but have not seen the return. Sometimes, your federal refund can take longer than 21 days to process. (See the FAQ below for reasons why t...
civics and society
What kind of taxes do you pay on overseas income?
For overseas income which is taxable, you have to declare the income under ’employment income’ (if your employer is not under the AIS)*, ‘trade income’ or...
global affairs
Can I amend Form 7200?
You can’t file a corrected or amended Form 7200. If you made an error on Form 7200, the error will be resolved when you claim the credit on your Form 941,...
environment and climate
What to do if your phone PIN is not working?
Reboot your phone Press and hold down the Power button > tap Restart and let the phone restart. When the Android lock screen comes on, give it a minute...