media and communication
How long do IRS Electronic refunds take?
We issue most refunds in less than 21 calendar days. It is taking the IRS more than 21 days to issue refunds for some 2020 tax returns that require review...
Category: Media And Communication
media and communication
Can you pay owed taxes in cash?
Taxpayers can also pay their taxes by debit or credit card online, by phone, or with a mobile device. Pay with cash. Taxpayers can make a cash payment at ...
media and communication
Can I deposit 9k in my bank account?
If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transacti...
media and communication
What should I put as my occupation on my tax return?
Your occupation is whatever you want to enter on your tax return. It doesn’t matter what you enter. Just enter your W-2 occupation. Is paying a consultant...
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What type of corporation should I form for real estate?
The Limited Liability Company (known as LLC) is the best entity for most real estate and mortgage investors who “buy and hold” their investments. For that...
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Is it worth living in Lancaster?
Lancaster used to be safe, local businesses were fruitful, and housing cost was affordable. Now crime has increased, housing cost increased, and due to CO...
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What is a information request?
A request for information (RFI) is a common business process whose purpose is to collect written information about the capabilities of various suppliers. ...
media and communication
Do green card holders need to file taxes?
As a green card holder, you generally are required to file a U.S. income tax return and report worldwide income no matter where you live. When visa or gre...
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How do I get my IRS corporate transcript?
You can order a transcript of your business return by calling the IRS hotline 1-800-908-9946. Keep in mind that a transcript isn’t a photocopy of your ret...
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Can you have different filing status for federal and state in California?
California requires the same filing status used on the federal return. Exceptions: A taxpayer who is an RDP, and who files single for federal tax purposes...
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Do affiliates need a 1099?
If you pay a subcontractor (or affiliate) more than $600 in a single calendar year, a 1099-MISC is required. Sole proprietors, LLCs, and partnerships are ...
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Is shareholders loans equity or liability?
what you draw out, the shareholder loan will be a liability on the balance sheet. When your owner cash draws exceed contributions, the shareholder loan wi...
media and communication
Can you write off a personal loan to a business?
When using a personal loan to finance both business and personal expenses, you only can deduct the interest on the business-related payments. If the under...