updates
How do I sell a portion of my business?
To sell a portion of a business, such as a company unit, store or product department, one of the best ways of doing so is through selling a list/portfolio...
Category: Updates
updates
What happens if you file a tax return without a 1099-R?
If you file a tax return without a 1099-R you received, your information will not match the records the IRS has. In the case of a form such as a W2 or a 1...
updates
Can a daughter claim property?
In case of ancestral property, you have a right to it by virtue of birth and can make a claim over it. In case of self-acquired property, since your fathe...
updates
Is a dividend A cash payment to owners?
Small and large businesses pay dividends as a way of returning cash to their shareholders. A dividend payable is a liability on a company’s balance sheet,...
updates
Is there a federal tax credit for a 2020 Chevy Bolt?
However, if you bought a 2017 to 2020 Chevy Bolt EV between 1/1/10 and 3/31/19, you might be eligible for up to a $7,500 tax credit. If you purchased a Bo...
updates
What are the new tax rates for 2018?
Change in tax rates. For 2018, most tax rates have been reduced. The 2018 tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Standard deduction amount i...
updates
Do physicians qualify for Qbi?
Physicians (and other Specified Service Trade Businesses) may be eligible. Oddly, only certain professions are allowed to take full advantage of the QBI d...
updates
Are dividends payments on common stock guaranteed?
If you own shares of a company’s common stock and that company announces that it will pay a dividend to its shareholders, then you will receive the divide...
updates
What should I do if my employer is not withholding my taxes?
If you notice that your employer is not withholding the right amount of taxes, contact your payroll or HR department immediately to correct any errors. Th...
updates
Is a SIMPLE IRA a SEP IRA?
Key differences between the two programs include the following: The SEP IRA allows only employers to contribute to the plan, and employees are not allowed...
updates
What does funded mean in mortgage?
Funding is the disbursing or wiring of money from your lender to your title or escrow company to pay for the home you’re purchasing. “If no loan is involv...
updates
How do states treat capital gains?
Simply put, California taxes all capital gains as regular income. It does not recognize the distinction between short-term and long-term capital gains. Th...
updates
Can my daughter claim head of household if she lives with me?
“If you’re writing the checks and you’re not married, you probably qualify as head of household,” Zollars said. You must live with a “qualified dependent”...
