data and analysis
Can a part-time student file taxes?
Do College Students Need to File a Tax Return? It depends on their income and whether they had taxes withheld from their paychecks. Students who are singl...
Category: Data And Analysis
data and analysis
When to create a LLC for your rental property?
If you own your property as an individual and someone files a lawsuit against you, then your personal assets are at stake. However, if you create an LLC, ...
data and analysis
What percentage of nonprofits are 501c3?
The 501(c)(3) s represented 68.5 percent of all 501(c) organizations in 2010; by 2017, that percentage had increased to 78 percent, based on figures avail...
data and analysis
What is the penalty for taking retirement money early?
The tax penalty for an early withdrawal from a retirement plan is equal to 10% of the amount that is included in your income. You must pay this penalty in...
data and analysis
Can a single-member LLC open a solo 401k?
You must make the Solo 401k contributions for your sole proprietorship by the time you file your business tax return. A single-member LLC is a disregarded...
data and analysis
How long does it take for an LLC to be approved in Delaware?
What is the processing time to form my Delaware LLC? Filing the Certificate of Formation takes about two weeks, but can be expedited for an additional fee...
data and analysis
Can you get paid more than your manager?
When an employee earns more than his or her supervisor, it is normally because the employee’s technical skills are worth more than those of the supervisor...
data and analysis
Do PPP payroll costs include taxes?
Eligible payroll costs for the PPP are wages where the employer is remitting payroll taxes. From there, you can include your related payroll expenses, suc...
data and analysis
How do you say you appreciate their help?
When you’re feeling a deep appreciation for those who have made a difference in your life, use these phrases to show your gratitude: I appreciate you! You...
data and analysis
Do you have to file tax return to get Stimulus money?
Even if you’re normally not required to file a federal tax return, to get the stimulus money you’re owed, you must file this year. The IRS issued two prev...
data and analysis
Who needs to file a form 5471?
Officially known as Form 5471, Information Return of US Persons with Respect to Certain Foreign Corporations, this form is required along with your expat ...
data and analysis
When can an IRA be opened?
There is no age restriction for opening a new, traditional IRA as long as you fund it via a rollover or transfer from an eligible retirement account. Will...
data and analysis
Where do I send my 3531 form?
To be mailed to: Internal Revenue Service , Submission Processing Center, Kansas City, Mo. 64999; if you send it back to incorrect address, it’d take lo...