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Who needs a sales tax permit in Texas?
You must obtain a Texas sales and use tax permit if you are an individual, partnership, corporation or other legal entity engaged in business in Texas and...
Category: News
news
Is OPT Under F1 visa?
Optional Practical Training (OPT) is temporary employment that is directly related to an F-1 student’s major area of study. However, all periods of pre-co...
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What happened Tradera?
In an email sent out to affiliates, Tradera has announced it is “ceasing all operations effective immediately”. Tradera’s e-wallet provider, merchant part...
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Should I disable Windows Update?
As a general rule of thumb, I’d never recommend disabling updates because security patches are essential. But the situation with Windows 10 has become int...
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What is included in personal income tax?
The individual income tax (or personal income tax) is a tax levied on the wages, salaries, dividends, interest, and other income a person earns throughout...
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How is executor fee taxed?
A fee paid to an executor is taxed as ordinary income, but a bequest given to a beneficiary isn’t taxable. The exception is if the estate is large enough ...
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How much federal tax do I pay on my pension?
If your employer funded your pension plan, your pension income is taxable. Both your income from these retirement plans as well as your earned income are ...
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Will I get my stimulus direct deposit or check?
Taxpayers with direct deposit information on file will receive the payment that way. Those without current direct deposit information on file will receive...
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How do I contact IRS about EIP?
Please check the IRS Economic Impact Payment Information Center webpage for the latest information about the second EIPs or you can call the IRS’ EIP hotl...
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How do I correct a W-2 with the wrong Social Security number?
To correct a Form W-2 with an incorrect SSN (and/or employee name), simply complete boxes d – i on Form W-2c. These boxes show what you previously reporte...
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What is the last date for filing income tax return for senior citizens?
For the financial year 2019-20, the income tax return deadline has been extended to December 31, 2020 from the usual deadline of July 31. If the ITR is fi...
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Are health insurance premiums going up in 2021?
Many insurers expect that health costs will increase in 2021 due to pent-up demand following deferred care, direct costs related to COVID-19 testing and t...
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Is gift received in marriage taxable?
Gift received by any person (without limit) on the occasion of the marriage is tax free in the hands of individual . For example: If your friend or relati...