data and analysis
Does AGI mean taxable income?
Adjusted Gross Income Adjusted Gross Income (AGI) is defined as gross income minus adjustments to income. To e-file your federal tax return, you must veri...
Category: Data And Analysis
data and analysis
Can L2 dependent stay in US without L1?
You can stay in L-2 status only as long as your spouse continues to maintain L-1 status. You could apply to change your status to B-2 visitor. Can L2 visa...
data and analysis
Is a child born out of live in relationship legitimate?
The Supreme Court in Vidyadhari v Sukhrana Bai passed a landmark judgement wherein the Court granted inheritance to the children born from the live in rel...
data and analysis
How can I add taxes owed to current installment plan?
When your return is processed and it shows you owe additional taxes, the IRS will default your payment arrangement and send you a notice. You can then cal...
data and analysis
When to file Form 966 for corporate dissolution?
(1) Within 30 days after the adoption by the corporation of a resolution or plan for the dissolution of the corporation or for the liquidation of the whol...
data and analysis
Do you pay for factory warranty?
Since factory warranties are included in the price of a vehicle, you pay for the manufacturer’s coverage upfront, even through an auto loan. Mechanical br...
data and analysis
What are the expertise of an accountant?
Top Accounting Skills for Success Analytical Skills. Accounting work requires a meticulous, detail-oriented eye. Organization. Critical Thinking. Interper...
data and analysis
How to receive a letter requesting additional information?
Note: If you did not request electronic communications in your Individual Online Services account before we notified you about this letter, you will not s...
data and analysis
Can a dependent claim Lifetime Learning Credit?
The IRS treats the American Opportunity and Lifetime Learning tax credits similarly regarding whether a parent or dependent gets to claim them. But if you...
data and analysis
Can I file taxes for2 years?
The IRS does not have any rule forbidding you from filing two years of taxes at one time. You are free to file your return at any time, but if you owe tax...
data and analysis
How long does it take to apply for Social Security Online?
You can use the Social Security Administration’s online application process, which should take no more than 30 minutes as long as you’ve gathered all of t...
data and analysis
When do you claim a child as a dependent?
There are a few simple rules to help you decide who you should and shouldn’t claim as a dependent: DO claim all children that were born within the tax yea...
data and analysis
Are you a resident of Canada for tax purposes Yes or no?
You are a factual resident of Canada for tax purposes if you keep significant residential ties in Canada while living or travelling outside the country. T...