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Can I still file my 2018 taxes after deadline?
The timely tax filing and efile deadlines for all previous tax years—2019, 2018, and beyond—have passed. At this point, you can only prepare and mail in t...
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How do I estimate my tax rate in retirement?
Calculating Your Tax Rate Your tax rate in retirement will depend on the total amount of your taxable income and your deductions. List each type of income...
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How to protect myself and others from COVID-19?
Protect yourself and others from COVID-19 Maintain at least a 1-metre distance between yourself and others to reduce your risk of infection when they coug...
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Do you need tax write-offs for LLC?
Can I write off business expenses if I don’t have an LLC or an S-Corp? Yes, even if you are filing as an individual, you can still write off business expe...
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Can retirement accounts be seized?
The general answer is no, a creditor cannot seize or garnish your 401(k) assets. 401(k) plans are governed by a federal law known as ERISA (Employee Retir...
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Can an entity be a US person?
United States person means United States citizens (including minor children); United States residents; entities, including but not limited to, corporation...
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What do you need to know about CP2000 notices?
What you need to know about CP2000 notices. When your tax return doesn’t match income information the IRS has (like Forms W-2 and 1099), the IRS sends a n...
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What schedule1 1040?
The first part of Schedule 1 looks at additional income, which is all income that isn’t bank interest, investment dividends, or wages reported on a W-2 fo...
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What is a non profit determination letter?
A Letter of Determination is the official, written documentation of the Internal Revenue Service’s approval of a nonprofit’s request for 501(c), tax-exemp...
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Can you sell handmade clothing?
A few of the top online marketplaces that are preferred sites for handmade clothing shops include Etsy, DaWanda, Bonanza, iCraft, and Zibbet. Check out wh...
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Does Wells Fargo give refunds?
There is an option to request a refund by calling Wells Fargo’s customer service. Their general banking number is 1-800-869-3557, and the department works...
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Can I dispute a charge on my checking account?
Oftentimes, you can dispute a charge with your bank or credit card company by filling out a form online and providing some information about the fraudulen...
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How do I know if the IRS received my letter?
If you are expecting a refund you can check the IRS website Where’s My Refund 4 weeks after mailing your return. After 2-3 weeks have passed you may also ...