Is there a tax deduction for alimony in a divorce?
Skip to main content. Amounts paid to a spouse or a former spouse under a divorce or separation instrument (including a divorce decree, a separate mainten...
Category: General
Do you need a PTIN to prepare a tax return?
REMINDER: Everyone described above must have an IRS issued preparer tax identification number (PTIN) in order to legally prepare your tax return for compe...
What if I overestimate my income for Obamacare 2019?
86% of ACA planholders in 2019 were eligible for an income-based discount, called a subsidy. But if you overestimate your income for Obamacare, you may ha...
Do landlords get 1099 MISC or NEC?
Landlords and property managers should be aware that starting in the 2020 tax year and going forward, the IRS has revised Form 1099-MISC and re-introduced...
Do non-competes apply to spouses?
Generally, only signatories to a non-compete can be bound by the restrictions. That is why if other parties are involved in a transaction (i.e. in the sal...
How do I stop my student loan tax offset?
How to avoid a tax offset in the first place Make your student loan payments on time. Consider deferment or forbearance. Consolidate or refinance your stu...
How much is a 20×20 addition?
Most homeowners spend between $42,000 to $88,000 to add a 20×20 room addition, with an average cost of $65,000. Building a 20×20 room addition can give yo...
How many times can a dog be put under anesthesia?
As is the case for us, our four-legged friends may require anesthesia as part of a surgery or procedure. Puppies receive anesthesia when they are spayed o...
How to create a single member tax partnership?
Assume that in 2013 Clint contributes $35,000 in cash to a newly formed LLC to operate a small service business. [1] As a result of the contribution, the ...
What do I do if I receive a 1099-s?
If you do receive Form 1099-S, you must report the sale of your home on your tax return, even if you do not have to pay tax on any gain. You must meet all...
