health and wellbeing
What happens if I exercise my options?
The hope is the value of the shares will go up and you’ll be able to sell them for (much) more than you paid. Exercising stock options means purchasing sh...
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environment and climate
Do you have to pay taxes in two states if you work remotely?
Do I Need to File Taxes in Two States? In general, if you’re working remotely you’ll only have to file and pay income taxes in the state where you live. S...
education and learning
Is it worth leaving a full-time job for a contract job?
Before leaving a full-time job for a contract position, a candidate considers their risk. In some cases, the good qualities of contract work outweigh the ...
health and wellbeing
Do you need a LLC to own a rental property?
I’ll elaborate on the reasons below, but if you own a rental property and want to protect your personal assets, starting an LLC is definitely something yo...
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,...
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...