updates
How long could your business operate without earning revenue?
Two to three years is the standard estimation for how long it takes a business to be profitable. That said, each startup has different initial costs and w...
Category: Updates
updates
How do I get my 1099 G Online Mississippi?
To access your Form 1099-G online, log into your account at and follow the instructions sent by email on where you can view and print your Form 1099-G. Ho...
updates
When was the ranch land gifted to me?
I am selling 50 acres of ranch land that was gifted to me by my uncle in 2000. That ranch land was gifted to him by my grandfather in approximately 1975. ...
updates
Where is additional Medicare reported on w2?
There is no change to the boxes on Form W-2. An employer will enter the total employee Medicare tax (including any Additional Medicare Tax) withheld on Me...
updates
Can you file a joint tax return with someone who is not married?
You cannot file a joint return with someone to whom you are not legally married. One of you could have filed as Head of Household to claim your child and ...
updates
How are corporate bonds taxed?
The interest you earn from a corporate bond is subject to both federal income tax and state income tax. Interest payments are normally known in both the s...
updates
How do you convert an LLC to an S Corp in California?
If you want to convert to an S Corporation, you will also need to file IRS Form 2553….The statement of conversion need not be complicated; according to CA...
updates
Why do new business ideas come around?
New business ideas come about because of changes in what consumers demand. For example, Activia yoghurts have recently experienced a decrease in demand. T...
updates
What is the procedure to take divorce from wife?
STEP 1: First Motion involves joint filing of divorce petition. STEP 2: Husband & wife appear before court to record statements after filing of petiti...
updates
What is the best state to start a trucking business?
Oklahoma Oklahoma is the best state to start a trucking company as an owner-operator. Oklahoma is in the center of the United States, which allows you to ...
updates
What happens if a spouse moves out?
Moving out of the marital home may require permission from the other spouse to avoid the possible charge of abandonment, and communication with the spouse...
updates
Who decides audit followup?
3. The internal audit activity’s charter should define the responsibility for follow-up. The chief audit executive (CAE) determines the nature, timing, an...
updates
How do I file an extension with 1120-s?
Tax extension for S-Corporation can be obtained using Form 7004. Applying for an extension will give you an additional 6 months of time to file your S-cor...
