news
Will my tax rate decrease in retirement?
If your income is lowered enough, you may retire in a lower tax bracket. But even if you retire in the same tax bracket, your effective tax rate may be lo...
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news
Who qualifies for CA stimulus?
To qualify for the payment, you need to have been a California resident for more than half of last year, still live in the state, have an adjusted gross i...
general
Should your friend be your real estate agent?
If you’re 100% comfortable entering a business relationship with them, go for it! A good agent who is also a good friend “is going to work harder for you ...
general
Who worked as a farmer in the agriculture field?
A farmer (also called an agriculturer) is a person engaged in agriculture, raising living organisms for food or raw materials. The term usually applies to...
updates
Can I file bankruptcy without my spouse in Georgia?
Yes, you can file Chapter 7 or Chapter 13 bankruptcy in Georgia without your spouse. Thus, you may be required to produce your spouse’s paystubs to the ba...
news
Is interest on cooperative societies taxable or not?
insofar as the provisions of the Income Tax Act are concerned, under section 80P(2)(d) thereof, it is only the income by way of interest or dividends deri...
general
How do you report day trading income?
So, how to report taxes on day trading? If you’re a trader, you will report your gains and losses on form 8949 and Schedule D. You can deduct only $3,000 ...
general
Can a divorce be forced?
If you agree on everything, then you can file for a dissolution or an uncontested divorce. However, if you are unable to agree on the terms of your divorc...
general
What is your personal idea of going green?
“Going green” means to pursue knowledge and practices that can lead to more environmentally friendly and ecologically responsible decisions and lifestyles...
updates
Are delivery charges sales taxable?
Generally, if the tangible personal property being shipped is taxable, delivery charges are taxable; if the sale is exempt, delivery charges are also exem...
updates
Do you get a tax deduction for contributing to a Roth IRA?
Contributions to Roth IRAs are not deductible the year you make them: they consist of after-tax money. However, you may be eligible for a tax credit of 10...
general
What is a 1244 stock?
Section 1244 of the Internal Revenue Code is the small business stock provision enacted to allow shareholders of domestic small business corporations to d...
general
Why did the 1099 form change?
Background. The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) moved the due dates for filing Forms 1099-MISC that report nonemployee compensa...
