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What makes you inadmissible for green card?
The general categories of inadmissibility include health, criminal activity, national security, public charge, lack of labor certification (if required), ...
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Why would a business purchase life insurance?
Organizations can use life insurance as a valuable benefit to attract top talent and build loyalty by helping employees protect their loved ones. Business...
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Do I fill out W9 or W8?
Foreign financial institutions ask you to complete Form W9 to comply with FATCA reporting requirements imposed on them. Form W9 is intended for US persons...
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What to say to someone who lost a child to cancer?
You can meet the needs of a grieving parent by keeping the following in mind: Offer sincere condolence. “I am so sorry for your loss” is a good example. O...
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Can S Corp trade stocks?
S Corp Trading Entity There is one possible exception: If you form an S corporation and its primary business is stock trading, then, as noted in IRS Publi...
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Can doctors charge less?
Ask to lower the bill Reach out, be nice, and tell the provider that you can’t afford to pay the bill. Then, ask for a reduction. Uninsured patients are u...
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How are SEP contributions reported?
The IRS requires contributions to a SEP-IRA to be reported on the Form 5498 for the year they are actually deposited to the account, regardless of the yea...
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Do I need to report 8938?
To get into the nitty gritty of it, if you’re a U.S. taxpayer who lives outside of the U.S. and holds a total combined value of foreign assets worth more ...
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How long will the IRS have me on hold?
In our study, the average wait time for a call to the IRS Automated Collections for Business (ACS-B) line is just over 70 minutes. When you take into acco...
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Can an S Corp make a loan to a shareholder?
Often times a payment or payments to S corporation shareholders will be booked or accounted for as a loan to shareholder. If the shareholder does not have...
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