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Can an S Corp move to another state?
The best option for most S Corps moving to a new state is to form a new corporation in your new state and then merge your existing corporation into the ne...
Category: General
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Is there a non filers form?
An IRS Verification of Nonfiling Letter (VNF) will provide proof from the IRS that there is no record of a filed tax form (1040, 1040A, or 1040EZ) for the...
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Is the sale of an estate a capital gain or loss?
The gain or loss is treated as a capital gain or loss, which may be deductible on the estate’s fiduciary income tax return. This is the case even though t...
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Do directors get stock options?
In a private company setting, after the founders have been issued fully vested or restricted stock under their stock purchase agreements, the employees, c...
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How do I deduct business trips?
On a business trip, you can deduct 100% of the cost of travel to your destination, whether that’s a plane, train, or bus ticket. If you rent a car to get ...
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How long can you claim a qualifying relative?
Live with you the entire year (365 days) or be one of these: Your child, stepchild, foster child, or a descendant of any of them. Your brother, sister, ha...
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Can a company not send you a 1099 MISC?
If an organization pays you less than $600 in a year as a contractor, it may not send you a 1099-MISC. In the event the client does not file a 1099-MISC w...
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What healthcare do you get when you turn 65?
Medicare Medicare is a federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with permanen...
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When do I need to update my partnership tax return?
The Partnership Tax Return form and notes have been added for tax year 2018 to 2019. The form and notes have been added for tax year 2017 to 2018. The for...
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Is it okay to support your girlfriend financially?
Maybe, not loaning them money ended up saving what would have otherwise been a doomed relationship! Overall, large financial gifts and loans should be avo...
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Why do I have two W-2 forms from the same employer?
I have two W-2 forms from the same employer with different amounts, and can’t figure out why. I’m using Turbotax to file I have two W-2 forms from the sam...
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What is Box D in W-2?
Box D: This is a control number that identifies your unique Form W-2 document in your employer’s records. This number is assigned by the company’s payroll...
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Who is the owner of a family farm?
a family farm partnership where an interest is owned by the individual, their spouse, parent or child; (b) Shares of a family farm corporation owned by th...
