news
Can I have both SSN and ITIN?
An alien individual can’t have both an ITIN and a SSN. The SSN will become the primary number and must be used for all future filing purposes. The IRS wil...
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data and analysis
Is alimony tax deductible in 2017?
The Tax Cuts and Jobs Act (TCJA), the massive new tax law enacted by Congress in 2017, permanently eliminates the deduction for alimony payments made for ...
health and wellbeing
Do you need AGI for stimulus check?
With the third stimulus check, your AGI is the main qualification for getting the money or not, due to a change in the rules and formula the IRS uses to c...
environment and climate
Is there a non-filers tool for the third stimulus?
IRS reopens online portal for Non-Filers tool The updated Non-Filer tool is only for people who never filed a 2019 or 2020 tax return and those who did no...
civics and society
Can the bank take your money if they close your account?
The bank can debit it for fees and can close the account for just about any reason, according to CNN Money. But the money is still yours, so if there’s a ...
culture and society
What happens if the account number is wrong?
You incorrectly enter an account or routing number and the number passes the validation check, but your designated financial institution rejects and retur...
science and technology
What is SSI State?
SSI State Supplementary Payments Definition Supplemental Security Income (SSI) state supplemental payments are monthly cash payments offered by the states...
global affairs
Do vehicle leases qualify for PPP?
It is important to note that the application guidance includes “lease agreements for real or personal property” in the definition of eligible rent expense...
environment and climate
How do you answer do you have any further questions?
Always answer this one with a yes. After a little preparation, you’ll be able to ask the right questions at the right time. Always say ‘Yes,’ when an inte...
data and analysis
Who is required to file a 1099 tax return?
Any organization involved in the sale of real estate and certain royalty payments must use Form 1099-S. Is there a way to file a 1099 form for free? All 1...
science and technology
How do I get my tax refund back from the bank?
If the bank rejects a direct deposit, the refund will go back to the IRS. The IRS will create a paper check for your tax refund and mail it to the most up...
data and analysis
What makes a clear question?
Clear. A good question is framed in a clear, easily understandable language, without any vagueness. Students should understand what is wanted from the que...
science and technology
Can access all your ProConnect tax online clients from the same dashboard?
You can keep all client contact info, notes and documents in one place 2. You can access all your ProConnect Tax Online clients from the same dashboard 3....