data and analysis
What portion of scholarship is taxable?
Scholarship money is generally tax free provided you are a candidate for a degree at an eligible institution and use the money to pay for qualified expens...
Category: Data And Analysis
data and analysis
Why is my tax refund not what I expected?
If you answered that you haven’t received the first or second stimulus checks, a recovery rebate credit is calculated increasing your refund, but if the I...
data and analysis
What should I do if my husband owes back taxes?
The easiest way is to avoid filing a joint married return with him, but this may not work in all cases. With one or two exceptions, spouses are not respon...
data and analysis
Is 20 years old too old for college?
No, 20 is not too late to go to college. My son, an excellent and motivated student, started just before his 22nd birthday because he had something he wan...
data and analysis
Can I find my W-2 online somewhere?
You can get a wage and income transcript, containing the Federal tax information your employer reported to the Social Security Administration (SSA), by vi...
data and analysis
What does a Form 1120S Schedule K-1 look like?
Here’s what the Schedule K-1 looks like, for Form 1120S: Each form has three sections. Part I asks for information about your company. Part II asks for in...
data and analysis
What does refund issued by PayPal mean?
It usually takes 2-7 business days for the money to become available in your PayPal balance. Refunded or Partially Refunded: If your refund status is Refu...
data and analysis
When to write a letter to the IRS?
Contact us. Typically, you only need to contact us if you don’t agree with the information, if we requested additional information, or if you have a balan...
data and analysis
What happens on the first day of remote job?
Your first day on the new job checklist Set up a dedicated workspace. Review your welcome information. Get dressed for work. Hop right into weekly meeting...
data and analysis
Why does it say my stimulus check will be mailed?
(updated May 13, 2021) Your payment may have been sent by mail because the bank rejected the deposit. This could happen because the bank information was i...
data and analysis
Can the IRS take your stimulus check if you owe them money?
The next popular question is, “Can my stimulus check be garnished for unpaid debts?” The answer to this is yes AND no. The new checks cannot be garnished ...
data and analysis
Are points paid on purchase deductible?
Points are prepaid interest and may be deductible as home mortgage interest, if you itemize deductions on Schedule A (Form 1040), Itemized Deductions. If ...
data and analysis
What is a requirement for using payroll in QuickBooks?
What is a requirement for using payroll in QuickBooks? Payroll Summary Report. Employer taxes for each employee. and total payroll costs. What needs to be...