science and technology
How does Upwork work for taxes?
If you’re a freelancer whom the Internal Revenue Service (IRS) defines as a “U.S. Person” and earn money working with your client through Upwork, you need...
Category: Science And Technology
science and technology
When did my daughter leave to go to college?
My daughter left for college last August. This is the letter I gave her during our last family dinner at home. We laughed…we cried…and surprisingly, we le...
science and technology
Is 15% a good EBITDA?
1 EBITDA measures a firm’s overall financial performance, while EV determines the firm’s total value. 2020, the average EV/EBITDA for the S&P 500 was...
science and technology
Are 529 contributions deductible in CT?
Its goal is to help families save for college, the State of Connecticut offers the Connecticut Higher Education Trust (CHET), Connecticut’s 529 College Sa...
science and technology
Can uncle gift to nephew?
Consequently, any sum of money gifted by uncle to his nephew shall not be chargeable to tax in the hands of the nephew. However, reverse shall be taxable ...
science and technology
How long does it take for EDD to pay after certification?
Once you receive your debit card, payments should be posted to your card about three days after we receive your certification. Benefit payments by check w...
science and technology
When did I buy my first apartment complex?
That junky old house was the first piece of true investment real estate we ever bought. That property kicked off the journey that four and a half years la...
science and technology
Can EE bonds be cashed online?
And if you cash it in before it’s 5 years old, there’s a penalty. Depending on whether you have a paper or electronic savings bond, you can cash it in at ...
science and technology
Why is a corporation taxed separately from individuals?
Because a corporation is a separate legal entity from its owners, the company itself is taxed on all profits that it cannot deduct as business expenses. W...
science and technology
How do I start my own financial advice business?
Start a financial consulting firm by following these 10 steps: STEP 1: Plan your business. STEP 2: Form a legal entity. STEP 3: Register for taxes. STEP 4...
science and technology
What does the first quarter end?
In a calendar year, the first quarter (Q1) starts on January 1 and ends on March 31. The second quarter (Q2) goes through April 1 to June 30. The third qu...
science and technology
Do I need to file FBAR 2019?
Deadline for reporting foreign accounts 15, 2019, to file the FBAR. In general, the filing requirement applies to anyone who had an interest in, or signat...
science and technology
Are teachers pensions federally taxable?
Eleven states have no special tax provisions for teacher pensions and, for income tax purposes, treat them the same as other forms of income. These states...