updates
Can S Corp contribute to owners HSA?
Any contributions from the S Corp business to the owners’ HSAs are considered taxable income—you can’t make pretax contributions to your HSA. But while th...
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news
Can you claim previous years student loan interest?
How many years can you deduct student loan interest? There is no limit to the number of years you can deduct student loan interest. You can take this dedu...
general
How do I deal with late paying tenants?
What to Do (and What Not to) When a Tenant’s Rent Is Late Check Your Lease Documents and Payment Records. As silly as it may sound, double-check your reco...
general
What to do when you slip and fall on ice?
If you fall on ice, it’s important to do the following: Seek medical attention if you are in pain and make sure your injuries are documented. Record witne...
general
What does it mean when a job asks you to relocate?
It’s a way of gauging just how committed a candidate is to the role and the company. When someone’s willing to move for the job (whether immediately or do...
news
How do I get a copy of my EIN award letter?
If you have lost your EIN Verification Letter from the Department of Treasury, you can request a new one. To do so, call the IRS Business & Specialty ...
updates
Why did Social Security stop getting deducted from my paycheck?
Some workers are exempt from paying Social Security taxes if they, their employer, and the sect, order, or organization they belong to officially decline ...
general
What is an unfunded retirement plan?
Unfunded pension plans do not have any assets set aside, meaning that retirement benefits are usually paid directly from employer contributions. Also call...
news
Do IRAS have penalties?
If you withdraw contributions before the five-year period is over, you might have to pay a 10% Roth IRA early withdrawal penalty. This is a penalty on the...
updates
Are insurance agents trustworthy?
Avoid Any Agent Who Suggests You Lie to Your Insurer While most insurance agents and brokers are honest, trustworthy individuals, the industry has a few b...
updates
What does it mean to start a social enterprise?
A social enterprise is a revenue-generating organization whose objective is to have a social impact. Social enterprises include “non-profit organizations”...
news
What is a revocable trust mean?
Deeper definition A revocable trust is a legal document that places the grantor’s assets into a trust during his lifetime and then distributes them to his...
news
How is the sale of a patent taxed?
Non-capital assets are usually intangible properties, such as patents. Typically, the sale or trade of a capital asset is taxed at the capital gain or los...
