education and learning
Can you claim someone owes taxes?
Answer: Carolyn – IRS does not withhold taxpayers refund because their depend owes either a tax debt or non-tax debt. Whether you can claim someone as a d...
Category: Education And Learning
education and learning
Can I have H-1B and H4 at the same time?
Yes. H1-B is valid till date of expiry or until H4 application is approved. When applying for change of status via I-539 , you can also request for future...
education and learning
How do I get a wage and income statement?
Transcript You can get a wage and income transcript, containing the Federal tax information your employer reported to the Social Security Administration (...
education and learning
What is the difference between W8 and W8 Ben?
Form W-8BEN is used by foreign individuals who receive nonbusiness income in the U.S., whereas W-8BEN-E is used by foreign entities who receive this type ...
education and learning
What is extended due date 1041?
April 15th More In File A trust or estate with a tax year that ends June 30 must file by October 15 of the same year. Form 1041-A: Form 1041-A is a calend...
education and learning
How far can you backdate disability?
If you qualify for the disability tax credit, you could get up to 10 years of backdated tax breaks, plus additional financial help from the government. Ho...
education and learning
How is ESPP taxed when distributed?
When you buy stock under an employee stock purchase plan (ESPP), the income isn’t taxable at the time you buy it. You’ll recognize the income and pay tax ...
education and learning
Does Florida allow NOL carryback?
A Florida net operating loss cannot be carried back as a deduction to a prior taxable year. A net operating loss can only be carried over to subsequent ta...
education and learning
Why does TurboTax not let me file my taxes?
This is BS.. been using turbos tax free for a few year never had to pay.. first it wouldn’t let me file because of a form I dont even need so I delete it....
education and learning
What to do when unemployment runs out in Arkansas?
If you have not become re-employed by the time your unemployment insurance is exhausted (drawn out), contact your local office to determine if or when you...
education and learning
How long should a nonprofit Keep bank statements?
How Long to Keep Records? All records should be kept by a nonprofit organization until the statute of limitations is up. This means that any documents nee...
education and learning
Can I use de minimis safe harbor apply to rental property?
The de minimis and small taxpayer safe-harbor elections apply to businesses and farms as well as to rental properties. What is safe harbor in real estate?...
education and learning
Do I need a business license to sell in California?
You must obtain a seller’s permit if you: Are engaged in business in California and. Intend to sell or lease tangible personal property that would ordinar...