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Can an S corp be a contractor?
When comparing an S corp vs 1099, the two do not have to be mutually exclusive. The IRS requires companies to use 1099s on all employees working as indepe...
Category: General
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Can you win big on a cruise ship casino?
Yes, every cruise ship casino has penny slots. But they offer so many variations of ways to win that, at 1 cent per variation, your 1 cent bet can easily ...
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Are IRA contributions based on tax year?
To be counted as a contribution for the prior year, you have to place your money in the account by the tax filing deadline for that year. For example, if ...
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What is the GVWR of a Isuzu NPR?
Isuzu NPR: Isuzu NPR specs include a GVWR (gross vehicle weight rating) of 12,000 pounds and a GCWR (gross combination weight rating) of 18,000 pounds wit...
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Can you write-off building on taxes?
You can take a write-off for a separate structure on your property that you use exclusively and regularly for business. The deduction includes expenses ti...
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Is rental income considered when buying a house?
Generally, rental income can be counted when you’re applying for a mortgage or refinancing an investment property. However, like all other sources of inco...
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Do I have to file taxes on long term disability?
You must report as income any amount you receive for your disability through an accident or health insurance plan paid for by your employer: If both you a...
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What is an objection to confirmation of plan?
An objection to confirmation is a response filed in a chapter 13 bankruptcy to an original or amended plan that is filed in the case. The plan has to meet...
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How can I get TDS remit online?
Following is the procedure that a deductor needs to follow: Login TIN NSDL Portal. To pay TDS online visit the website of income tax department. Select th...
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What is a federal income tax report?
A federal tax return is a tax return you send to the IRS each year through Form 1040, U.S. Individual Income Tax Return. It shows how much money you earne...
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Is Texas CHIP considered Medicaid?
Children in Texas without health insurance might be able to get low-cost or free health coverage through Children’s Medicaid or the Children’s Health Insu...
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What is the difference between Intuit Online Payroll and QuickBooks Online payroll?
QuickBooks lets you manage your business and view bookkeeping information, while Intuit Online Payroll lets you accurately pay employees and deduct requir...
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How is unpaid overtime legal?
Yes, many white-collar workers do overtime without extra pay. Their employment contract states they are required to “provide a reasonable amount of unpaid...
