Who qualifies for innocent spouse relief?
Who qualifies for Innocent Spouse Relief? You were/are married and filed a joint tax return. Your former/current spouse improperly reported income on a jo...
Category: General
How much can a disabled person have in savings?
Disabled individuals or their families may establish a single ABLE account, and the individual, family, friends (or anyone else) may contribute a total of...
Can a LLC owner pay themselves as an employee?
In some cases, LLC owners, also called members, can elect to receive compensation as employees. The determination hinges on how the business is classified...
Is price-to-sales useful?
Price-to-sales provides a useful measure for sizing up stocks. The price-to-sales ratio utilizes a company’s market capitalization and revenue to determin...
Can unmarried couples file taxes separately?
When an unmarried couple cohabitates, both partners will need to file an individual tax return at the end of the year. For example, some states recognize ...
What are draws in accounting?
The withdrawal of business cash or other assets by the owner for the personal use of the owner. Withdrawals of cash by the owner are recorded with a debit...
Are staffing agencies the same as temp agencies?
Staffing Agencies: A staffing agency also offers temporary work. But unlike a temp agency, they provide a much wider range of opportunities including long...
Is there a tax treaty between the US and Italy?
Taxes for Expats – The US – Italy Tax Treaty. The US – Italy tax treaty was first signed in 1984, then replaced in 1999, although it was only fully ratifi...
What do you do if you are subject to identity theft?
File a claim with your identity theft insurance, if applicable. Notify companies of your stolen identity. File a report with the FTC. Contact your local p...
Why is self employment tax so high?
Self-employment taxes exist solely to fund the Social Security and Medicare programs. Employees pay similar taxes through employer withholding, and employ...
