global affairs
What makes an independent contractor a 1099 contractor?
W-2 positions direct employees as to how, when, and where they do a job. Workers who complete tasks or work on individual projects will fall under a 1099....
Category: Global Affairs
global affairs
What if you did get the first stimulus check?
If you are missing money from the first stimulus check, claim the amount by filing a tax return. You can also claim the Recovery Rebate Credit on your 202...
global affairs
What happens to your tax return if your spouse dies?
If you qualify, you can use this filing status for the two tax years after the death of your spouse. However, you can’t use it for the year of death. To q...
global affairs
How soon do you get paid after starting a new job?
Payroll checks may be issued at the end of each pay period worked, or there may be a lag and your paycheck may be issued a week or two (or longer) after y...
global affairs
How is a house handled in a divorce?
There are three main ways to handle the home: Sell the house and split the proceeds. One ex-spouse keeps the home and refinances the mortgage to remove th...
global affairs
What taxes do businesses pay in Pennsylvania?
Pennsylvania’s corporate net income tax has a flat rate of 9.99% (this makes it one of the highest corporate tax rates in the country). Is my 1099 R taxab...
global affairs
Can you file a tax return for 2014?
I need to file 2014 return. I filed for an extension using Form 4868 on my 2019 return, but I never filed that past-year return. I should receive a refund...
global affairs
Is rental property a capital gain?
Most rental properties are held for over a year. But if you sell real estate at a profit after owning it for one year or less, the profit is a short-term ...
global affairs
How much does it cost to file business taxes with TurboTax?
TurboTax is one of the most popular tax software providers, but it’s not the cheapest. TurboTax’s three DIY packages cost between $60 and $120 for federal...
global affairs
Why is my tax return less this year?
Federal Tax Refund Offset Another major reason why some folks refund is actually less than the amount they were expecting or provided by their e-filing to...
global affairs
How do I pay less taxes on W4 2020?
To adjust your withholding is a pretty simple process. You need to submit a new W-4 to your employer, giving the new amounts to be withheld. If too much t...
global affairs
Can I still eFile my 2016 taxes electronically?
The IRS allows electronic filing of tax returns for the current tax year only. Prior year returns can only be filed electronically by registered tax prepa...
global affairs
Can corporate NOLs be carried back?
For NOLs arising in tax years beginning after December 31, 2020, a corporation can elect to waive the entire carryback period and instead carry the NOL fo...