health and wellbeing
Is a fixed annuity qualified or nonqualified?
An annuity contract funded with pre-tax dollars is a qualified annuity. Qualified annuity contracts are available through IRAs, and some employer 401(k)s,...
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data and analysis
What is the short form of amount?
AMT Acronym Definition AMT Amount AMT Aircraft Maintenance Technology (magazine) AMT Aviation Maintenance Technician AMT Amtrak What is short form for con...
health and wellbeing
How many years can the IRS go back to audit you?
three years Generally, the IRS can include returns filed within the last three years in an audit. If we identify a substantial error, we may add additiona...
civics and society
Do long term contractors have rights?
Contractors don’t need employment rights, but situations do arise where a long-term relationship between a contractor and a client starts to resemble havi...
environment and climate
What are number sense concepts?
Number sense refers to a group of key math abilities. It includes the ability to understand quantities and concepts like more and less. Some people have s...
health and wellbeing
Will the CARES Act be extended into 2021 401k?
Given the financial hardship many Americans faced as a result of the COVID-19 pandemic, the CARES Act provided many avenues of financial relief for indivi...
health and wellbeing
Do you have to pay every month for a debit card?
The Good Things About Debit Cards Debit cards work like cash, so you don’t accrue debt. You don’t make any monthly payments. You don’t pay interest. There...
civics and society
What is a legal client?
A person who employs or retains an attorney to represent him or her in any legal business; to assist, to counsel, and to defend the individual in legal pr...
news
Do you use wages tips and other compensation?
Definition. Wages, tips and other compensation describes the total federal taxable income reported by your employer. The total dollar mount is a combinati...
science and technology
How to make payments to the Internal Revenue Service?
Make monthly payment directly from a checking or savings account (Individuals only) Make monthly payment electronically online or by phone using Electroni...
global affairs
How do I request an acceptance letter from an S corp?
To request an S corp verification letter, contact the IRS’ Business & Specialty Tax Line at 1-800-829-4933. It’s open from Monday through Friday from ...
health and wellbeing
What does submitted mean in unemployment?
Submitted (questions have been answered for the requested week). 2. Payment Issued (this shows the date the payment was issued. It will reflect the paymen...
media and communication
Is it a good idea to cash in your pension?
Is it worth taking 25% of your pension? Yes: If you are likely to pay higher rate income tax on your retirement income, it is more tax efficient to take a...