culture and society
How long do federal and state tax returns take?
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If ...
Category: Culture And Society
culture and society
What is mandatory for companies?
Every Company shall get its name, address of registered office, CIN, telephone and email printed on all business letters, billheads, letter papers. Notice...
culture and society
What is considered temporary residence?
Temporary residence means a place where a person lives, abides, lodges, or resides for a period of less than five (5) consecutive days or fourteen (14) da...
culture and society
Can a contractor receive a W-2?
Simply put, 1099s and W-2s are two separate tax forms for two different types of workers. If you’re an independent contractor, you get a 1099 form. If you...
culture and society
What is a college affidavit?
An affidavit is a sworn, self declaring statements which are declared before an authority/ official with the power to witness an oath. The person who crea...
culture and society
When do you need an EIN number for a LLC?
If your business structure is a partnership or multi-member LLC, you will need to get an EIN number. This is because the LLC must file a partnership retur...
culture and society
When to use Form 6252, Installment Sale Income?
Use this form to report income from an installment sale on the installment method. Generally, an installment sale is a disposition of property where at le...
culture and society
Can a tourist get a TIN number?
The visitor must have an ITIN before any payment can be processed. To apply for an ITIN, the visitor should complete a Form W-7 (Application for IRS Indiv...
culture and society
Can I make my billing address different?
There are three easy ways to change your credit card billing address: Log into your online account and change the billing address associated with your pro...
culture and society
How long does it take for the IRS to process my information?
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If ...
culture and society
What schedule do I use for 1099-MISC?
Schedule C When you receive a 1099-MISC with income in Box 7 that is for nonemployee compensation, the IRS requires that this income be reported on a Sche...
culture and society
Can a S-Corp pay health insurance premiums for owners only?
You must pay income tax on the health insurance premium payments made by your S corporation. However, such payments are not subject to Social Security and...
culture and society
Does the federal government control sales tax?
Income taxes (including taxes on individual and corporate income; and for the federal government, deductions from payrolls for social insurance and retire...