news
What is EIN in full?
An Employer Identification Number (EIN) is a unique identification number that is assigned to a business entity so that it can easily be identified by the...
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culture and society
How does the 1098-T affect my taxes?
A form 1098-T, Tuition Statement, is used to help figure education credits (and potentially, the tuition and fees deduction) for qualified tuition and rel...
environment and climate
How long can a taxpayer carry forward a 2020 NOL?
5 years Section 2303 of the CARES Act amended section 172 as revised by the Tax Cuts and Jobs Act (TCJA), section 13302, for tax years 2018, 2019, and 202...
culture and society
Is it mandatory to have health insurance in 2021?
Is there a penalty for not having insurance? There is no federal government penalty for being uninsured in 2021, but you still need coverage! The ACA’s fe...
culture and society
Will HMRC pay back overpaid tax?
If HMRC are taking the money from your tax credits, and you can manage on the reduced amount, you don’t need to do anything. Your tax credits will be redu...
data and analysis
Who Must File IL 990?
If the organization has more than $25,000 in gross revenue and assets, they must file Form AG990-IL with a copy of their IRS Return or Report (IRS 990, 99...
science and technology
How does de facto work in Australia?
A de facto relationship is a relationship in which a couple lives together on a genuine domestic basis. A person would not have a de facto partner unless ...
education and learning
Does a 501c3 expire?
In other words, there is no expiration date on a 501(c)(3) organization. However, there are other actions that need to be taken to maintain its tax-exempt...
environment and climate
What is Chapter 4 status W-8BEN E?
The term chapter 4 status means a person’s status as a U.S. person, specified U.S. person, foreign individual, participating FFI, deemed-compliant FFI, re...
civics and society
Should I file 1040-NR or NR EZ?
You should file 1040NR-EZ instead of Form 1040NR only if you are filing for years prior to 2020 and then if any of the below sounds like you: Your taxable...
global affairs
Can you get money back from a company in liquidation?
If the business has gone into liquidation, write to the administrator dealing with the company to register your claim, explaining exactly how much money y...
global affairs
What questions can you ask a potential renter?
Top Tenant Screening Questions What date would you like to move in? Do you have pets? How long have you lived in your current home? Why are you moving? Ho...
global affairs
How much can you put in a self-directed IRA?
In some ways, a self-directed IRA is like a traditional IRA or a Roth IRA. The account is designed to provide tax advantages, and participants must follow...