data and analysis
How to know if your tax return has been filed?
After transmitting your return, it is your responsibility to ensure that it is accepted by the IRS or state agency. If you do not receive an email confirm...
Category: Data And Analysis
data and analysis
Can passive income offset active losses?
Nonpassive losses include losses incurred in the active management of a business. Nonpassive income and losses are usually declarable and deductible in th...
data and analysis
How do I file an employee W-2?
You have two options when it comes to filing your W-2 documents. You can fill out paper forms or file electronically on the SSA’s Business Services Online...
data and analysis
What are after tax payroll deductions?
An after-tax deduction, also known as a post-tax deduction, is an amount of money that is subtracted from a taxpayer’s earnings after taxes (federal, stat...
data and analysis
Can 1098-T be corrected?
You will need to generate two 1098-T’s: The first will be marked Corrected. It must include the incorrect SSN. * It must also include zeroes in place of a...
data and analysis
What to do when a debt is canceled due to insolvency?
Lenders will typically issue a Form 1099-C to you when they cancel a debt. In order to show that some or all of the canceled debt is not taxable due to in...
data and analysis
Is menopause possible at 34?
Most women begin menopause between the ages of 45 and 55, with an average age of 51 in the United States. But for some women, menopause comes early. If yo...
data and analysis
Why does my W-2 have no federal tax withheld?
You must meet certain requirements to be exempt from withholding and have no federal income tax withheld from your paychecks. Your employer might have wit...
data and analysis
Do you send 1099s to government agencies?
Business owners are not required to send Form 1099 to government agencies, tax-exempt organizations or corporations (unless the corporation provides legal...
data and analysis
What happens to your property if your spouse passes away?
If your spouse had children with somebody else and owned community property, the children will inherit your deceased spouse’s one-half (1/2) interest and ...
data and analysis
Can I use my daughters 1098-t on my tax return?
If you claim a dependent, only you can claim the education credit. Therefore, you would enter Form 1098-T and the dependent’s other education information ...
data and analysis
Will Amazon refund sales tax?
Amazon does refund the appropriated amount of sales tax but you actually have nothing to do with that. If the buyer actually said they did not receive tha...
data and analysis
Can Kindle books be sold out?
Amazon has patented a means to sell used e-books within the Kindle system. A book will be branded within the system when it is bought, and when the buyer ...