media and communication
Do you get money back on taxes when you refinance?
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...
Category: Media And Communication
media and communication
Is a single-member LLC an individual?
A single-member LLC is a limited liability company with a single owner, and LLCs refer to owners as members. Single-member LLCs do not file a separate bus...
media and communication
Can you claim a baby not born yet?
To claim a baby as a dependent, the baby must have been born alive during the current tax year. If your child wasn’t born until the next year, you can’t c...
media and communication
Can you deduct bad debt on cash basis?
Generally, to deduct a bad debt, you must have previously included the amount in your income or loaned out your cash. If you’re a cash method taxpayer (mo...
media and communication
How do you deal with property encroachment?
If you’re in an argument with a neighbor over a property issue, follow these steps: Stay civil. Hire a surveyor. Check your community’s laws. Try to reach...
media and communication
Should inheritance go into a trust?
If your assets amount to a small amount of money, then an outright inheritance is likely your best bet. On the flip side, if your assets amount to a signi...
media and communication
How much money do you need to start a renovation business?
If you are simply offering up your own skills and time as a part-time remodeler, the start-up cost will be around $50,000 to $75,000 as you will need a co...
media and communication
Do 100% disabled veterans pay property tax in California?
The Disabled Veterans’ Exemption reduces the property tax liability on the principal place of residence of qualified veterans who, due to a service-connec...
media and communication
What is a short sale exactly?
A short sale in real estate is one in which a house is sold for a price that is less than the amount still owed on the mortgage. It is up to the mortgage ...
media and communication
Do you have to report income if you do not receive a 1099?
Many people assume a 1099 would have been received if the income is required to be reported. However, there are many reasons why you may not receive a 109...
media and communication
Do you have to have an LLC for a podcast?
It really depends on how risk-tolerant you are. If you’re worried about your assets, you might want to form a corporation or an LLC sooner rather than lat...
media and communication
What is the purpose of form 1310?
IRS Form 1310 is used to claim a federal tax refund due to a recently deceased taxpayer. In general, Form 1310 is filed by a surviving spouse or the execu...
media and communication
Do I need a lawyer for a trust?
You do not need an attorney to make a trust, but you will need to know how to form a trust on your own. Many people who want to create a living trust cont...