data and analysis
How your LLC is taxed?
An LLC is typically treated as a pass-through entity for federal income tax purposes. This means that the LLC itself doesn’t pay taxes on business income....
Latest Headlines
media and communication
How long does interbank transfer take in South Africa?
This is one of the biggest frustrations in South African banking, as the transfer time for a local interbank payment can take days. In fact, the standard ...
civics and society
Can sole proprietors hire freelancers?
Sole proprietorship is the default business entity for freelancers. This means that if you start working as a freelancer without forming an LLC or corpora...
data and analysis
When does Turbo Tax Change Your refund amount?
Turbo Tax changed our refund/amount owed after we filed. March 27, 2021 10:03 PM Turbo Tax changed our refund/amount owed after we filed. I’m in the same ...
media and communication
Can I receive both VA disability and Social Security?
An award of VA disability benefits, also known as service-connected disability compensation, is not based on income, so you can receive VA disability comp...
culture and society
What is the depreciation life for HVAC?
The recently-enacted Tax Cuts and Jobs Act of 2017 included a provision to allow HVAC products to be immediately expensed. Under Section 179, all componen...
news
What does time doesnt exist mean?
When physicists say that time doesn’t exist they mean one of two things: 1) The passage of time is an illusion, or 2) Time isn’t fundamental. We can only ...
education and learning
Is the IRS sending out checks for stimulus?
En español | The Internal Revenue Service (IRS) is sending out millions of checks in the third round of stimulus payments. As people start to spend their ...
civics and society
Is it good to join TCS as third party payroll?
Originally Answered: Should I join TCS on a third-party payroll? If you don’t have anything permanent, it is good to start with. Only if you prove your wo...
culture and society
Which is the best quote from Lev Haiba?
Quotes “I am the wind. I am as swift as the wind… I am the forest. I am as quiet as the forest… And… I’m flexible… as a cat!” (To himself, The Arrival of ...
news
Can you receive military retirement and federal retirement?
The general rule is that a retired military member who takes a federal job cannot draw both military retirement and federal retirement pay for the same sp...
environment and climate
Does depositing a check count as income?
Bank deposits are one of the primary methods the government uses to calculate taxable income. Added to that figure are cash expenditures, not otherwise de...
culture and society
Do you have to renew your federal tax-exempt status?
Once an organization earns tax-exempt status, it typically has annual filing requirements with the IRS to maintain that status. However, the process is no...