updates
Do companies still give Christmas bonuses?
Holiday bonuses are customary in many types of companies but not all and not for all employees within the company. According to the 2014 Bank of America s...
Category: Updates
updates
When can you claim gambling winnings?
You Have to Report All Your Winnings Whether it’s $5 or $5,000, from the track or from a gambling website, all gambling winnings must be reported on your ...
updates
How are incentive payments reported on Form 1099-MISC?
Incentive payments are still taxable income, but not in quite the same way as income that appears in box 7 of Form 1099-MISC, “Nonemployee Compensation.” ...
updates
Do I need an EIN for my blog?
Employer Identification or Tax ID Number. You will be required to obtain an EIN for your blog. For more information on how to do this, visit this post. Yo...
updates
Which states do not allow legal separation?
Most states allow couples to become legally separated. There are only six states that do not offer some form of legal separation….The states that do not a...
updates
Can I keep my permanent address as my parents house?
Matthew J. Galvin. It is not illegal to use the address under certain circumstances. Your “address” for legal purposes is based on your domicile – place w...
updates
How do you leave the house when someone dies?
Include Your Home in Your Will. A will is a legal written document in which you specify who you want to inherit your assets when you die. Set Up a Living ...
updates
Does your LLC have to be your brand name?
No, your LLC name does not have to BE your business name or MATCH your website name. Your LLC name is your company’s legal entity name while your business...
updates
Can I transfer capital losses to my spouse?
You may be able to transfer a portion of your unrealized capital losses to your spouse by selling the securities in a loss position to your spouse at FMV....
updates
Can You claim the mortgage interest deduction with a Home Office?
You just have to make sure that you use the property enough. According to the IRS, you must visit your second home more than 14 days or more than 10% of t...
updates
How do I get proof of non filing?
Available from the IRS by calling 1-800-908-9946. Non-filers can expect to receive a paper IRS Verification of Non-filing Letter at the address provided i...
updates
Is there a penalty for taking an early distribution from an IRA?
However, if you take an early distribution, you also owe a penalty unless an exception applies. You can find an IRA withdrawal calculator online to figure...
updates
What happens if I cash a check made out to an estate?
If the executor has closed the account or moved the money, or if the bank freezes the account, the check you received may bounce and remain unpaid. If it ...
