How do you respond to a unintended email?
Maintain a warm and courteous tone while responding to an email sent to you by mistake. Be sensitive to the content of the email. Respond to an urgent ema...
Category: Updates
How much can you make with a side job?
The Ascent recently conducted a survey of 493 respondents who all had their own side hustles. It found that the average man earned about $8,948 per year f...
Do you have to file income tax in Texas?
Since Texas does not collect an income tax on individuals, you are not required to file a TX State Income Tax Return. However, you may need to prepare and...
What is excess advance payment of PTC?
A taxpayer’s excess APTC is the amount by which the taxpayer’s advance payments of the Premium Tax Credit (APTC) exceed their Premium Tax Credit (PTC). Do...
Do I need to file 1098 if taking standard deduction?
You are required to report the interest paid. It will not affect your tax return negatively, because if your standard deduction is more than your itemized...
Does TurboTax Premier handle k1?
Yes – You need to use the Premier version of TurboTax to enter a Schedule K-1 in TurboTax. In TurboTax CD/Download: Go to Business Investment and Estate/T...
When do you need to file a 3115 tax form?
Well, we’re here to simplify tax jargon so you don’t file a form that doesn’t need to be filed and help you plan ahead if a 3115 is required. According to...
Does the transfer of the partnership interest result in a required change in the tax year of the partnership?
For tax purposes, the allocation generally must follow the economics and all tax items must be allocated to partners. Your partnership interest changes du...
How can I register for tax registration?
Easy steps: Go to Select ‘Register Now’ Follow the prompts. Request a Notice of Registration – it will reflect your income tax registration number. How ca...
How does inheritance work in Puerto Rico real estate?
Where inheritance can get tricky is when it comes to real estate, especially property in Puerto Rico. Whether you’re making plans to bequeath your propert...
