science and technology
Is online selling business profitable?
Yes, it is profitable to be an online seller! It is just like any other business, any other industry, where you need to take risks and learn on the job. W...
Category: Science And Technology
science and technology
Is the Income Tax Department asking for credit card password?
The Income-Tax Department NEVER asks for your PIN , passwords or similar access information for credit cards, banks or other financial accounts through e-...
science and technology
Do both spouses have to sign 4506?
Transcripts of jointly filed tax returns may be furnished to either spouse. Only one signature is required. Sign Form 4506-T exactly as your name appeared...
science and technology
How much does it cost to set up an installment agreement with the IRS?
Taxpayers are charged a one-time fee to set up an installment agreement with the IRS. A reduced fee is available for qualifying taxpayers. Generally, user...
science and technology
How much of my 401k will I get after taxes?
For traditional 401(k)s, there are three big consequences of an early withdrawal or cashing out before age 59½: Taxes will be withheld. The IRS generally ...
science and technology
Is your accountant liable for mistakes?
The IRS doesn’t care if your accountant made a mistake. Even though you hired an accountant, you are liable to the IRS for any mistake. So, if the IRS adj...
science and technology
What can you write off with an S corp?
S-Corp Tax Deductions Ordinary business expenses such as rent, taxes, advertising, company-provided employee benefits, depreciation and interest can be su...
science and technology
How many death certificates do you need when a spouse dies?
The average needed ranges from 6-10 certificates. We recommend 10 copies. The deceased’s assets will dictate how many will be needed. The family will need...
science and technology
How much should I pay my employees for mileage?
58 cents per mile for business miles driven, up 3.5 cents from 2018. 20 cents per mile driven for medical or moving purposes, up 2 cents from 2018; and. 1...
science and technology
What is an 1120H tax return?
A homeowners association files Form 1120-H as its income tax return to take advantage of certain tax benefits. These benefits, in effect, allow the associ...
science and technology
What is par value for S Corp?
By Stephen Fishman, J.D. “Par value,” also called face value or nominal value, is the lowest legal price for which a corporation may sell its shares. It h...
science and technology
Do I have to file US taxes if I live abroad?
Do I still need to file a U.S. tax return? Yes, if you are a U.S. citizen or a resident alien living outside the United States, your worldwide income is s...
science and technology
Can corporations deduct vehicle mileage?
If an employee uses a personal vehicle for business, The employer typically reimburses the employee for the business mileage incurred at the standard mile...