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How do you record mileage reimbursement?
How to Log Mileage for Taxes in 8 Easy Steps Make Sure You Qualify for Mileage Deduction. Determine Your Method of Calculation. Record Your Odometer at St...
Category: News
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How to report 1099-R for deceased spouse?
Would like to report the 1099-R on the wife’s return (since she obviously received the income), but not sure how best to reflect since it’s husband’s SS# ...
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How do I activate my TurboTax account?
Go to activate.turbotax.com to sign in or create an account, and then enter your activation code (even if you’ve already started your taxes for tax year 2...
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Is it hard to pass the enrolled agent exam?
Enrolled Agent Exam Pass Rate: How Hard Is the Enrolled Agent Exam? As the average Enrolled Agent exam pass rate is 71%, many people find the EA exam to b...
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Can a Realtor be self employed?
Most real estate agents and brokers receive income in the form of commissions from sales transactions. You’re generally not considered an employee under f...
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Can a restaurant be a limited liability partnership?
Can a restaurant be an LLC? Yes, a business owner of a restaurant may elect to form an LLC. In fact, both an LLC and a sole proprietorship can be a reward...
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Why is NJ state Refund taking so long?
A number of things could cause a delay in your New Jersey refund, including the following: If the department needs to verify information reported on your ...
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Can a hardship withdrawal be made from a retirement account?
A hardship withdrawal, though, allows funds to be withdrawn from your account to meet an “immediate and heavy financial need,” such as covering medical or...
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What kind of tax credit do I get for solar?
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovolta...
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Do you have to attach a copy of your K-1 to a 1041?
You must furnish a copy of each K-1 to the appropriate beneficiary, and attach all copies to Form 1041 when you file the return with the Internal Revenue ...
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Does Roth IRA affect fafsa?
A return of contributions from a Roth IRA is tax-free. The full amount of the distribution is counted as income on the FAFSA, as part of adjusted gross in...
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Can I file a corrected 1099-MISC online?
Once the original e-filing is accepted: To file a corrected W-2, go to the SSA website and file the corrected form, W-2C electronically. You can also use ...
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What is 12 month rental guarantee?
As well as covering the rent, usually for six to 12 months, if your tenant defaults, a rent guarantee insurance policy could also cover: Legal expenses an...