education and learning
Do C corps have to file 1099s?
No, corporations (S Corps and C Corps) are exempted from requiring a 1099-MISC, therefore, you do not normally have to send this form to any corporations ...
Category: Education And Learning
education and learning
How are capital gains calculated when selling farmland?
Q – Regarding capital gain rates and selling farmland – Am I correct to use the difference between a stepped up ( appraisal / time of death ) value of inh...
education and learning
Do you get a receipt for your stimulus check?
You should have received a receipt — Notice 1444 for the first round and Notice 1444-B for the second round — detailing the payments. How do you know if y...
education and learning
Is a refinance payout taxable?
The IRS doesn’t view the money you take from a cash-out refinance as income – instead, it’s considered an additional loan. You don’t need to include the c...
education and learning
How much exercise should a 64 year old do?
Seniors age 65 and older should get at least 2.5 hours of moderate aerobic exercise (such as brisk walking) every week. That averages out to about 30 minu...
education and learning
What day should I get my stimulus check?
The Internal Revenue Service announced on Tuesday that it expects millions of people who receive federal benefits to get their third stimulus check in the...
education and learning
How do I challenge a property tax assessment in NJ?
To appeal your property’s assessment, File Form A-1 and Form A-1 Comp. Sale with the County Board of Taxation. Occasionally, property owners make changes ...
education and learning
Do you have to fill out a W-4 form for an employer to determine tax withholding?
A W-4 form, formally titled “Employee’s Withholding Certificate,” is an IRS form employees use to tell employers how much tax to withhold from each payche...
education and learning
Does home office deductions trigger audit?
Every year more people are concerned that taking a home office deduction isn’t worth the risk because the deduction could trigger an IRS audit. There is n...
education and learning
How do I remove excess contributions?
If you’ve contributed too much to your IRA for a given year, you’ll need to contact your bank or investment company to request the withdrawal of the exces...
education and learning
How do I change my PIN on my EIP card?
Call Customer Service at 1.800. 240.8100, select your language and select the prompt for Customer Service. Then, follow the menu prompts to create a new P...
education and learning
How much money can I put into an IRA at age 62?
For our example, we have an individual who has a pre-tax income requirement of $75,000 per year. The individual has significant IRA assets available. If h...
education and learning
Is it normal to not hear heartbeat at 16 weeks?
Keep in mind that a baby’s heartbeat is much faster than an adult’s. If you’re in your first trimester and you can’t hear your baby’s heartbeat, don’t wor...