culture and society
Can I show my parents LIC for tax exemption?
3. Tax exemptions on LIC policies under section 80D: Under section 80D tax exemption is allowed for people who deposit a certain amount of money with the ...
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data and analysis
What is a SSA-1042S?
Social Security has made requesting or replacing your annual Benefit Statement even easier. The Benefit Statement is also known as the SSA-1099 or the SSA...
culture and society
Will you still receive stimulus check if you owe money?
Under the American Rescue Plan, which authorized the latest round of stimulus checks, payments are protected from all offset. That means you’ll get the fu...
science and technology
Will tax deadline be extended 2021?
Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. In addi...
science and technology
How do you explain tax?
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in ...
culture and society
How do I change a multi-member LLC to a single-member?
The only things that are officially required for a multiple-member LLC to become a single-member LLC are the sale of the membership interest of the leavin...
culture and society
How much do you get for claiming head of household?
There’s a good reason many people want to claim head-of-household filing status with the IRS: It’s a great deal. The head of household can claim a 50% lar...
news
What happens if you sell your house but have nowhere to go?
If you’ve sold your house with nowhere to go you should step up your search for a place to buy, but at the same time find somewhere to rent. If you don’t ...
education and learning
CAN a corp be a partner?
Corporations as Partners Any corporation can be a partner in a general partnership, including an S corporation. While a general partnership is not a legal...
science and technology
Do you have to file back taxes if you did not pay last year?
Back tax returns cannot be filed electronically. You will need to include any payment you owe when you submit your prior year return. Since you did not fi...
health and wellbeing
Is there a charge to change your mailing address?
Go to to change your address online. There is a $1.05 charge to change your address online. You will need a credit or debit card and a valid email address...
environment and climate
When do you get your first social security check?
En español | Once you have applied, it could take up to three months to receive your first benefit payment. Social Security benefits are paid monthly, sta...
culture and society
Does Square report cash to IRS?
The IRS requires Payment Settlement Entities, such as Square, to report the payment volume received by U.S. account holders. A Form 1099-K is the informat...