data and analysis
Does the IRS monitor business bank accounts?
The Short Answer: Yes. The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in...
Category: Data And Analysis
data and analysis
Can your employer charge you for mistakes?
No, employers cannot charge employees for mistakes, shortages, or damages. Only if you agree (in writing) that your employer can deduct from your pay for ...
data and analysis
What is W-2 vs w4?
The difference between a W-2 and W-4 is that the W-4 tells employers how much tax to withhold from an employee’s paycheck; the W-2 reports how much an emp...
data and analysis
How do you calculate gross income from income tax?
Where Gross Total Income is calculated by summing up earnings received as per all five heads of income. Total income is arrived at after deducting from Gr...
data and analysis
Can my employer require me to use my personal computer for work?
In most cases, an employer can require you to use your own computer at work, and offer you no compensation, though for a variety of reasons it is rare to ...
data and analysis
Does cashback get refunded?
Card issuers take the money for cash back bonuses from the fees they charge merchants on each sale. If a transaction is reversed due to a return or if the...
data and analysis
Can you use personal bank account for company?
Although it is possible to use your personal bank account for your small business, it is better to separate the two. Doing so will allow you to clearly di...
data and analysis
Do you need a tax transcript to buy a house?
When you apply for a mortgage you are usually required to submit a 4506-C form that enables the lender to access your tax transcripts for the prior three ...
data and analysis
How long does it take to get my refund after efile?
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 ...
data and analysis
How much payroll tax goes from employees salary?
The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for th...
data and analysis
What can I use a Coverdell ESA for?
Coverdell ESAs can be used only to pay for qualified education expenses, such as tuition and fees; the cost of books, supplies and other equipment; and in...
data and analysis
What are the months for quarterly tax payments?
When to Pay Estimated Tax Payment Period Due Date January 1 – March 31 April 15 April 1 – May 31 June 15 June 1 – August 31 September 15 September 1 – Dec...
data and analysis
How much can you earn when receiving SS?
Can I collect Social Security and earn my full salary with out penalty? @MarylouC888469 The earnings limit is $50,250, with $1 in benefits withheld for ev...