updates
Is health insurance a deductible expense?
Health insurance premiums are deductible on federal taxes, as these monthly payments for coverage are classified as a medical expense. The general rule is...
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How long does it take NY state to deposit your refund?
If you expect a refund from your New York (NY) personal income tax return, you can check the status of the refund 14 days after you e-file. If you filed a...
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Does Australia recognize trusts?
Also, a foreign trust will be an Australian tax resident trust if at anytime during an Australian tax year (to 30 June) one or more of the trustees of the...
general
How do I file a 1098 if I refinance?
If you have multiple 1098 mortgage forms, you’ll enter them one at a time….To add your second1098: Click Federal Taxes. Click Deductions & Credits. Cl...
news
Can an employer contribute more to a SIMPLE IRA?
Contributions to a SIMPLE IRA are tax-deductible in the year they are made, and both employers and employees can contribute. The annual employee contribut...
news
How do I delete a payment from QuickBooks desktop?
Deleting a bill payment check Go to Vendor Center, click the vendor’s name and open the credit. From the credit screen, select Bill and hit Save & Clo...
general
How much interest can you charge on a promissory note?
Pursuant to California law, the maximum interest rate an individual may charge on a loan primarily for personal, family or household purposes is 10% per y...
general
Does IRS look at 1099?
Taxpayers must report any income even if they did not receive their 1099 form. However, taxpayers do not need to send the 1099 form to the IRS when they f...
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What is it called when only one company sells a product?
What Is a Product Line? A product line is a group of related products all marketed under a single brand name that is sold by the same company. Companies s...
updates
What was the first independent record label?
Sun Records The following is a list of notable independent record companies and the creatives/founders behind the labels: Sun Records (US, 1950– ); was th...
updates
Why would a corporation consider a convertible bond issuance?
Companies issue convertible bonds to lower the coupon rate on debt and to delay dilution. A bond’s conversion ratio determines how many shares an investor...
general
How long does it take for mailed returns?
Tax refund process Delivery type Delivery time (date filed – receipt of tax refund) E-file with direct deposit 1-3 weeks Paper file with direct deposit 3 ...
general
What are the chances of a single mother getting married?
At the risk of overstating the point; when you reverse the percentage to look at ‘odds of success’ instead of failure; the odds of having a successful mar...
