education
Can an individual issue a 1099-Misc?
As a private person, you are not required to issue a form 1099-MISC. however, the IRS takes the position that you may issue the form if you want to, on th...
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Education
education
What does it mean to have a single member LLC?
Your single-member LLC is a “disregarded entity.” In this case, that means your company’s profits and your own income are one and the same. At the end of ...
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education
Does it make sense to prepay a car lease?
When the cost of a lease is computed, the money factor is included into your lease’s total cost. So, if you want to put cash down, or prepay a lease, it d...
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education
Why are used BMW X5 so cheap?
One of the reasons that BMWs are so cheap is that the used market for them is oversaturated. Cars are products, just like any other, and when there’s a lo...
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education
How many businesses are bought and sold each year?
The numbers for 2018 are the culmination of a three-year record run with a total of 10,312 businesses reported sold for the year. This was a 4% increase f...
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education
What is gifts of individual?
What Is a Gift? A gift is property, money, or assets that one person gives to another while receiving nothing or less than fair market value in return. Un...
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education
What happens if I close 2 credit cards?
If you close any card older than your average account age, you’ll reduce your average and your score will take a whack. Close both the older cards and the...
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education
How to answer a question about your previous experience?
Let’s have a look at 7 sample answers. My list includes some typical choices, but also some creative and philosophical answers, including answers for peop...
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education
When does a state consider you a full year resident?
A state with a 183-day residency rule, for example, will consider you a full-year resident for tax purposes if you spent more than half the year there. Su...
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education
Can corporations use cash basis accounting?
Revenue procedure 2000-22 allows any company that meets a sales test to use the cash method of accounting for tax purposes. This includes sole proprietors...
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