data and analysis
What happens to your social security if you get a pension?
Pensions are not counted toward the earnings test that can reduce your Social Security payments if you continue to work after claiming benefits. Pensions ...
Category: Data And Analysis
data and analysis
When does the IRS accept your tax return?
Once you receive notice that the IRS has accepted your return, you can be confident the IRS has begun processing it. It will still take time before the re...
data and analysis
How do you pay yourself from your salary?
Here are some ideas to consider: Take a straight salary. It’s simple, easy to manage and account for, and is unlikely to raise any eyebrows. Balance salar...
data and analysis
How do I report Turo income?
Tax Tips for Turo, Getaround, and Car Sharing These deductions are reported on Schedule C, which is a form that is added on to your regular Form 1040 that...
data and analysis
Do you get sales tax back on returns California?
In order to qualify for a returned merchandise deduction, the retailer must refund the full retail selling price less any restocking charges. The retailer...
data and analysis
How much can a self-employed person contribute to a Simple IRA?
Savings Incentive Match Plan for Employees (SIMPLE IRA Plan) You can put all your net earnings from self-employment in the plan: up to $13,500 in 2021 and...
data and analysis
How do I fill out Income and expense declaration?
In order to fill out the Income and Expense Declaration, you should gather the following documents and information: Your previous years’ tax return. Pay s...
data and analysis
Can I reenter the US with an L-1 visa?
The following FAQs address many of the concerns raised regarding the announcement: Q: If I have a valid, unexpired H-1B or L-1 visa, and my visa expires ...
data and analysis
Can international students work in Ohio?
Student Must Find Employment. Prior to degree completion, international students can work part-time for a business in an internship-like relationship call...
data and analysis
How long can you stay in Mexico without residency?
180 days Tourists/visitors can legally remain in Mexico, holding only a valid passport, for 180 days and must then leave. This generous policy allows larg...
data and analysis
What is Box 6 on a 1098?
Box 6 of Form 1098-T reports adjustments made to scholarships or grants reported on a prior year Form 1098-T in Box 5. The amount reported in Box 6 repres...
data and analysis
Does annual exclusion apply to charitable gifts?
The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts...
data and analysis
How are cryptocurrency trades taxed?
How Is Cryptocurrency Taxed Anyway? Tax partner Jon D. Feldhammer of Baker Botts says that, generally speaking, cryptocurrency is treated as property and ...