environment and climate
Do corporations pay taxes on qualified dividends?
Form 1099-DIV Dividends are the most common type of distribution from a corporation. They’re paid out of the earnings and profits of the corporation. Wher...
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education and learning
What is the recently passed SECURE Act?
As part of a larger government spending package signed into law on December 20, 2019, Congress included provisions from the Setting Every Community Up for...
news
Can you have a baby at 62 years old?
According to the American Society for Reproductive Medicine (ASRM), “Pregnancy may be possible in virtually any woman with a normal uterus, regardless of ...
culture and society
Why is my disability check less?
Your Social Security check will decrease if you owe certain debts like back taxes or student loans. Taking your Social Security benefits early can reduce ...
science and technology
Can I deduct home office expenses in 2019?
As a result of the TCJA, for the tax years 2018 through 2025, you cannot deduct home office expenses if you are an employee. The TCJA did not change the h...
data and analysis
What expenses can you claim for when self employed?
Costs you can claim as allowable expenses office costs, for example stationery or phone bills. travel costs, for example fuel, parking, train or bus fares...
media and communication
What does a negative capital account mean for taxes?
A negative capital account is a partnership tax concept describing the situation in which adjusted basis in partnership assets is less than the outstand- ...
global affairs
Can you claim spousal spouse for non resident in Canada?
To support a spousal tax credit claim for a non-resident spouse, you must provide with your income tax return proof of the amounts contributed as support....
civics and society
How much can I gift to my child tax-free?
The annual gift tax exclusion is $15,000 for the 2021 tax year. (It was the same for the 2020 tax year.) This is the amount of money that you can give as ...
health and wellbeing
Who is the revenue agent for the IRS?
A Revenue Agent, on the other hand, is someone who is employed by the IRS to audit taxpayers. The person who increases your taxes through an audit will no...
environment and climate
Who claims the education credit?
Who can claim an education credit? There are additional rules for each credit, but you must meet all three of the following for both: You, your dependent ...
health and wellbeing
Do copywriters write ads?
In addition to writing scripts for TV commercials and radio ads, copywriters can be asked by clients to write other scripts as well. Even though these scr...
science and technology
Can I send out my own 1099 forms?
You can order physical, blank 1099 forms from the IRS for free, but it may take 10 business days or longer (2+ weeks) to arrive. You’ll need at a minimum,...