data and analysis
How do I add another child to my income tax?
How Do I Claim Someone as a Dependent on Taxes? Step 1: Form 1040/1040A. Use either Form 1040 or Form 1040A to file your income taxes. Step 2: Provide dep...
Category: Data And Analysis
data and analysis
Can you claim 2 cars on tax?
The cents per km method of claiming motor vehicle expenses can be a lucrative claim, but you can only claim up to 5,000kms. Interestingly, the 5,000kms is...
data and analysis
Do you pay tax on rent in NYC?
Tax Rates. The tax rate is 6% of the base rent. All taxpayers are granted a 35% base rent reduction, which reduces the effective tax rate to 3.9%. In addi...
data and analysis
What are the boxes on the 1099 MISC form?
Royalties (Box 2) Gross royalties (before reduction for fees, commissions or expenses paid by a publisher to an author or literary agent. Other income (Bo...
data and analysis
Where can I find total payments and withholding?
In box 17 of the W-2, you will find your annual state withhold. Total payments and withholdings are the sums of boxes 17 on your W2 forms, plus any additi...
data and analysis
How do I transfer money from my account to another person?
Thanks to electronic banking options, you can send money to another person’s bank account by visiting your local branch and requesting the transfer, using...
data and analysis
What is an LLC seal for?
An LLC Seal is a small handheld device that allows you to imprint an official-looking emblem with your company name and the year it was founded on paper, ...
data and analysis
What happens to your taxes when your spouse dies?
The tax filing status after the death of a spouse is fairly straightforward. If your spouse dies during the year, the IRS considers you married for the en...
data and analysis
Can a foreigner live in China permanently?
With permanent presidency, the foreigner is allowed to live and work in China without any restriction – they do not need to apply for other residence and ...
data and analysis
What do you need to know about the Form 1040?
Form 1040 for 2015 tax year. Form 1040 (officially, the U.S. Individual Income Tax Return) is one of three IRS tax forms (see variants section for explana...
data and analysis
Why do companies send their employees for training?
Training your employees can increase their efficiency and productivity in completing their daily work tasks. Training can also help your organization achi...
data and analysis
What is money invested in a company by the shareholders?
Share capital (shareholders’ capital, equity capital, contributed capital,Contributed SurplusContributed surplus is an account in the shareholders’ equity...
data and analysis
Does my business have to file taxes if it made no money?
Corporation owners must file Form 1120, U.S. Corporation Income Tax Return. If you had no income, you must file the corporation income tax return, regardl...