updates
Are dance classes exempt from VAT?
According to tax rules, private tuition counts as education in subjects that are ordinarily taught in schools and universities. Dance instructors, teachin...
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How do you write off a car for an LLC?
Gather your mileage logs. Determine the amount of business miles you traveled in the car. Calculate the percentage that you used the car for your LLC. Mul...
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What is abatement penalty?
Relief from IRS penalties Abatement is simply removing the penalties after they are assessed to the taxpayer. For example, the estimated tax penalty is ge...
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Can you pay the IRS in person?
Taxpayers who owe taxes can choose among the following payment options: IRS Direct Pay allows payment directly from a checking or savings account. Check o...
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How much does the average 48 year old have in 401K?
Assumptions vs. Reality: The Actual 401k Balance by Age AGE AVERAGE 401K BALANCE MEDIAN 401K BALANCE 35-44 $72,578 $26,188 45-54 $135,777 $46,363 55-64 $1...
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Is capital gains only taxable profit?
Capital gains are profits from the sale of a capital asset, such as shares of stock, a business, a parcel of land, or a work of art. Capital gains are gen...
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What is the CT individual tax rate?
Connecticut state income tax rates Tax rate Single or married filing separately Head of household 5.5% $50,001–$100,000 $80,001–$160,000 6% $100,001–$200,...
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Can you divorce even if my husband refuses?
As stated, if you don’t respond to your spouse petition for divorce or separation or you file a response but don’t reach an agreement, your divorce will b...
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At what age can your parents stop claiming you?
You can claim dependent children until they turn 19, unless they go to college, in which case they can be claimed until they turn 24. If your child is 24 ...
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How are real estate investments structured?
Private real estate investment deals are structured in different ways. There’s the Single LLC structure, where the sponsor contributes equity as a class A...
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