news
Can I use TurboTax Business for more than one business?
Can i file more than one business return with turbo tax business? Yes, with TurboTax Business (not to be confused with TurboTax Online Self-Employed or Tu...
Category: News
news
Can a bank issue a 1099-C in 2012?
In 2012 somebody at the bank notices that the debt is no longer collectible and issues you a 1099-C. In 2012, you are solvent. You will want to argue that...
news
How do you recover from a big loss in the stock market?
What to Do After Losing Money in the Stock Market. The best way to recover after losing money in the stock market is to invest again. Don’t “stick your he...
news
What is a commercial property type?
Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and ga...
news
Can a partnership file an amended return?
Mandated Partnerships that cannot meet the requirements of filing an electronic amended Form 1065 can request a waiver to file such amended return electro...
news
How do I get my Social Security back in Germany?
You can’t get a refund for your German pension payments1. You can still make voluntary contributions to your German public pension, so you can’t get a ref...
news
How often are employers required to report payroll related information to employees?
Most employers are required to file Form 941, Employer’s Quarterly Federal Tax Return, to report both the federal income taxes you withheld and the FICA t...
news
Where can I find New York state government payrolls?
The Payrolls section provides a database of names, positions, salaries and/or total earnings for individuals who have been employed by New York State, New...
news
What if I forgot to file my state taxes?
If you fail to file a state income tax return by the due date, it’s still better to file late than to not file at all. Generally, the penalties charged on...
news
How do you calculate fixtures and fittings depreciation?
Your accountant can provide you with some guidance, but a useful rule of thumb is: Plant and machinery — expense around 15% – 20% of the overall value a y...
news
Where on your W-2 does it show how much you made?
Box 1 Box 1 of the W-2 shows your taxable wages for federal income tax purposes. To arrive at your total salary using Box 1, add your federal taxable wage...
news
What happens to my FSA when I change jobs?
When your employment ends, you can no longer participate in the company’s flexible-spending program and forfeit any unused funds, either immediately or at...
news
How much of my laptop can I claim on tax?
If your computer cost under $300, you can claim a one-off, immediate tax deduction for the business use percentage of the purchase price. If your computer...