business
Do I need to include form 5498 on my tax return?
Form 5498 is for informational purposes only. You are not required to file it with your tax return. This form is not posted until June because you can con...
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Business
business
How much cash advances do credit cards give you?
What is the maximum you can withdraw through a credit card cash advance? Cash advances are typically capped at a percentage of your card’s credit limit. F...
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business
How long does it take for a sell order to go through?
The Securities and Exchange Commission has specific rules concerning how long it takes for the sale of stock to become official and the funds made availab...
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business
Is Optima Insurance Medicaid?
Optima Family Care is our Medicaid Medallion health plan. It covers babies, children, and teens, including those in foster care. Is Optima Family Care the...
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business
How do you distribute money from an S Corp?
Here’s a simple strategy that you can try, and it’s called the 60/40 rule: Pay 60% of your business income to yourself in the form of employee salary. Pay...
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business
Are pastors exempt from federal income tax?
Since they are considered self-employed, ministers are exempt from federal income tax withholding. However, ministers can request that their employers wit...
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business
How long is inpatient rehab for stroke?
This period can last from 14 days to 6 weeks to 6 months. The length of stay is very much dependent on the progress of the patient and the severity of the...
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business
What happens if you buy a stock after the record date of a split?
The tax basis of each share owned after the stock split will be one-tenth of what it was before the split. The new shares will be treated as if they were ...
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business
Do transfer agents pay dividends?
Transfer agents work for the security issuer to record changes of ownership, maintain the issuer’s security holder records, cancel and issue certificates,...
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business
What financial statements are needed for taxes?
Taxes appear in some form in all three of the major financial statements: the balance sheet, the income statement, and the cash flow statement. Deferred i...
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