education and learning
Do you need to fill out a new W4 when you have a child?
According to the Internal Revenue Service, you should give your employer a new W-4 within 10 days of the birth. It’s not a good idea to add just one allow...
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health and wellbeing
How can I file ITR for free?
2. Online: Enter the relevant data directly online at e-filing portal and submit it. Taxpayer can file ITR 1 and ITR 4 online. Go to the Income Tax e-Fili...
global affairs
How do I remove information from TaxSlayer?
To remove or delete a state return, from the Main Menu of the Tax Return (Form 1040) select: State Return. Delete State(s) Return or 47. Delete State(s) R...
data and analysis
Can both spouses file for Social Security?
Each spouse can claim their own retirement benefit based solely on their individual earnings history. You can both collect your full amounts at the same t...
news
Does cashing out stocks count as income?
If you sell stock for more than you originally paid for it, then you may have to pay taxes on your profits, which are considered a form of income in the e...
environment and climate
Can I refile a rejected tax return?
Probably the most common reason that the IRS will reject a tax return is because of errors that are discovered during e-filing. You’ll be able to resubmit...
data and analysis
Is dividend from mutual fund exempt?
Dividend income from mutual funds was exempt under Section 10(35). On the other hand, there was no provision regarding deduction of TDS on any income earn...
media and communication
How much did I owe in taxes last year?
Owe less than $1,000 for this year’s taxes. (Nope, my taxes owed were almost $5000!) Withhold 100% of last year’s tax liability. (I met this requirement. ...
health and wellbeing
Will current green card holders be deported?
Can Green Card Holders Be Deported? U.S. permanent residency entitles you to live and work in the U.S. legally. Therefore, you are unlikely to face the lo...
culture and society
Can my wife sell our house if I die?
To sell a house after your husband dies, the recorded title to the property must be cleared of his name, officially transferring his interest in the real ...
news
What kind of property can be sold on Form 4797?
Form 4797 – Sale of Business Property Type of Property Held 1 year or less Held more than 1 year 1 Depreciable trade or business property: a Sold or excha...
education and learning
Do all businesses pay Corporation Tax?
All limited companies must pay Corporation Tax on their profits, and one of the first things you will do as a new company owner is to register your new co...
media and communication
Can I start a business as an S Corp?
You can start an S corporation (S corp) by forming a limited liability company (LLC) or a corporation and electing S corp status from the IRS when you app...