culture and society
Why was my tax return rejected by someone else?
My return was rejected because “someone else claimed me as a dependent “ on their taxes. No one should be claiming me. How do I fix this issue? First, you...
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culture and society
Can you claim back gambling losses?
The big question is one of time. There is nothing in the laws from the Gambling Commission to say that those losses have to be paid back unless the victim...
environment and climate
How do I remove a valid work only from my Social Security card?
How do I change my work status on my Social Security card? Step 2: Complete an Application for a Social Security Card; and. Step 3: Take or mail your comp...
culture and society
What number do I call to get a real person at the IRS?
800-829-1040 Contact an IRS customer service representative to correct any agency errors by calling 800-829-1040. Customer service representatives are ava...
global affairs
Can a partner take self-employed health insurance deduction?
“Self-employed health insurance premiums. A partner who qualifies can deduct 100% of the health insurance premiums paid by the partnership on his or her b...
culture and society
Is the cash inheritance from deceased parents bank account taxable?
The cash inheritance is not taxed by the federal although your state my impose a tax. You will have to report the gains from the stocks whenever you sale ...
news
Who are the remaindermen in a life estate?
The people who stand to receive title to the property upon the passing of the life estate holder are called remaindermen, or, in the case of a single pers...
civics and society
Does CA 100S accept federal extension?
There is no automatic extension period for business entities suspended on or after the original due date. An automatic extension does not extend the time ...
news
Where do I report 1099-OID on my tax return?
On Form 1099-OID, report the qualified stated interest in box 2 and the OID in box 1, 8, or 11, as applicable. You may choose to report the interest on Fo...
news
Do you need an attorney to sell a house in Massachusetts?
Massachusetts requires that buyers use a bank attorney at closing instead of a title company. Because of this, 99.99% of sellers also hire a real estate a...
data and analysis
Is self-employment considered a second job?
Whether your side gig is a seasonal endeavor or occasional work that takes a relatively small amount of your time, the IRS still considers these types of ...
global affairs
When do married couples have to file a W-4?
If you’re married by Dec. 31 of the tax year for which you file the return, you can file jointly, whether you were married one month of the year or 12...
media and communication
Do you have to pay taxes when you inherit money from a trust?
For income taxes, it’s important to realize that assets in a trust will not receive a step-up in income tax basis if they were not included in the deceden...