civics and society
How many years of tax records should I maintain?
three years In almost all cases, you can shred or throw away any documents such as W-2s, 1099s or other forms or receipts three years after you file your ...
Category: Civics And Society
civics and society
What is reported on Form 706 Schedule F?
Use Schedule F: Other Miscellaneous Property Not Reportable Under Any Other Schedule, when filing federal estate tax returns (Form 706), to report propert...
civics and society
What does it mean to pay mortgage on a house?
A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a s...
civics and society
What happens if my Social Security number is wrong on my birthday?
You can contact the SSA at 800-772-1213 and the IRS at 800-829-1040 to correct an incorrect birthdate. If you confirm your date of birth is on file correc...
civics and society
When must I deposit the contributions into the SEP IRAs?
You must deposit contributions for a year by the due date (including extensions) for filing your federal income tax return for the year. If you obtain an ...
civics and society
Is it better to file single or divorced?
Divorced or separated taxpayers who qualify should file as a head of household instead of single because this status has several advantages: there’s a low...
civics and society
When do you have to pay taxes on a mutual fund?
For any time during the year you bought or sold shares in a mutual fund, you must report the transaction on your tax return and pay tax on any gains and d...
civics and society
Can an unmarried couple have a joint bank account?
Joint Bank Accounts You should have no problem opening a joint checking or banking account under both your names. Many unmarried couples have peacefully m...
civics and society
Can I find my routing and account number online?
Find Your Routing Number Using Online Banking Log into online banking. Select an account from The Hub. Click on Account Numbers & More. How do I find ...
civics and society
How do I check to see if someone is using my SSN?
To see if your Social Security number is being used by someone else for employment purposes, review your Social Security Statement at to look for suspicio...
civics and society
What type of organization is a 501c6?
A 501 C (6) organization is tax speak for a business association such as a chamber of commerce. Although they’re organized to promote business, they don’t...
civics and society
Do S corp owners pay Social Security?
The big benefit of S-corp taxation is that S-corporation shareholders do not have to pay self-employment tax on their share of the business’s profits. Thi...
civics and society
What government agencies and organizations are involved in addressing Covid 19?
National Government Agencies (NGAs) Bureau of Customs (BOC) Department of Budget and Management (DBM) Department of Education (DEPED) Department of Foreig...