updates
Will nonresident aliens get stimulus check?
The U.S. government provided three rounds of Economic Impact Payments (stimulus checks) to all resident aliens and U.S. citizens in 2020 and 2021. Any ind...
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Is a loan modification taxable?
Debt Modifications The modification or restructuring of existing debt may result in taxable COD income even though the debt was not forgiven outright. For...
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What are some good agriculture questions?
With that said, here is our list of the 16 key questions facing production agriculture in 2017. Are farm financial conditions stabilizing – or just gettin...
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Can a Delaware LLC own a Florida LLC?
Your Delaware LLC will have to register as a foreign LLC in Florida. In addition to paying the annual Delaware franchise tax and registered agent fee, you...
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Can you deposit into a checking account?
Making In-Person Deposits One way to deposit money into your checking account is to show up at a bank location during business hours and drop off the fund...
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What number do I call if I owe taxes?
You can call 1-800-829-1040 to get answers to your federal tax questions 24 hours a day. How do I contact IRS about tax debt? You may call the IRS at 800-...
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How is capital gain treated?
What Is Capital Gains Treatment? “Treatment” refers to the amount of time you must own a stock in order for it to be treated as either a short-term or a l...
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What are capital account details?
In accounting, the capital account shows the net worth of a business at a specific point in time. It is also known as owner’s equity for a sole proprietor...
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Are pet rescue fees tax deductible?
Adoption fees to an animal rescue shelter are not tax deductible. However, an unrelated donation would be deductible. Expenses you incur while caring for ...
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Do I have to charge interest on a loan to a friend?
Yes, you should charge interest, even to friends and family. If you don’t charge a minimum rate, the IRS will imply interest in the loan and tax you for t...
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