health and wellbeing
When do you have to file personal and business taxes?
Your business and personal taxes aren’t always due at the same time. While your personal taxes are always due — well, except for 2020 — on April 15, your ...
Category: Health And Wellbeing
health and wellbeing
When is the deadline to file your 2017 tax return?
How to E-file Your Tax Return By October 15. The 2017 Tax Return e-file deadline is October 15, 2018. This deadline applies to you if you filed or e-filed...
health and wellbeing
What happens if you spell your name wrong on taxes?
The IRS matches the first 4 letters of your last name with your Social Security Number, if that is incorrect then your return will reject and you can fix ...
health and wellbeing
Is Social Security Taxable over 70?
Here’s why: Every dollar you earn over the 85% threshold amount will result in 85 cents of your benefits being taxed, plus you’ll have to pay tax on the e...
health and wellbeing
How do I get my stimulus check if my address changed?
In-person by visiting a local IRS office. By calling 1-800-829-1040 from 7 a.m. to 7 p.m. local time. By filing Form 8822, Change of Address. Who do you c...
health and wellbeing
Where does a 1099-OID go on 1040?
Generally this is reported as tax-exempt interest on the tax return on Form 1040, Line 8b. However, in certain cases a portion of this amount may be consi...
health and wellbeing
Can I give a tax free gift to my parents?
The IRS basically ignores gifts that don’t breach the annual gift tax exclusion. For tax years 2020 and 2021, the annual gift tax exclusion stands at $15,...
health and wellbeing
When do I need to file a business tax return?
If your business is a C corp or LLC that has elected S corp status, you need to file a separate corporate tax return, but you will use From 1120S. S corp ...
health and wellbeing
How to fill out a Schedule C for a sole proprietor?
Schedule C (Form 1040) is a form attached to your personal tax return that you use to report the income of your business as well as business expenses, whi...
health and wellbeing
Do casinos file Ctrs?
Currency Transaction Report (CTR), must be filed by casinos to report each transaction in currency involving cash-in and cash-out of more than $10,000 in ...
health and wellbeing
What should I do if I am a victim of tax identity theft?
If you find out that you are a victim of tax identity theft, you take these two critical actions immediately: Contact the IRS Identity Protection Speciali...
health and wellbeing
Can I sell online as a hobby?
The short answer is, yes, you’re liable for the tax. So whether you’re selling cakes or ceramics, trading vintage coins or toy cars, selling online or at ...
health and wellbeing
How many stimulus payments did my spouse get?
Stimulus check update: My spouse got a payment but I didn’t. Why not? About 127 million stimulus payments from the $1.9 trillion coronavirus relief bill h...