education
Can you have a negative balance in retained earnings?
If the balance of the retained earnings account is negative it may be called accumulated losses, retained losses or accumulated deficit, or similar termin...
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Education
education
How do you fill out a w9 for LP?
Check the “Limited Liability Company” box. On the tax classification line, write a “P” for partnership, “S” for S Corporation, or “C” for the corporation....
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education
How to contact the IRS for customer service?
How to contact IRS customer service TOPIC IRS PHONE NUMBER Report phishing and other scams; see if 800-366-4484 Check status of a tax refund 800-829-1954 ...
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Do equity holders have limited liability?
Are Shareholders Personally Liable for the Debts of a Company? You can be reassured by the fact that, as a shareholder, you have ‘limited liability’ for t...
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How much should I pay for a 2019 Kia Sportage?
The base 2019 Kia Sportage LX with front-wheel drive starts at a Manufacturer’s Suggested Retail Price (MSRP) of about $24,750. However, you really want t...
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education
How do I know what to withhold?
Here’s your rule of thumb: the more allowances you claim, the less federal income tax your employer will withhold from your paycheck (the bigger your take...
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education
Should I put my airplane in an LLC?
Personal liability protection is the primary reason for placing a plane into an LLC or corporation; tax benefits are secondary. Provided that you act with...
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education
What is a 10 year relationship called?
Wedding Anniversaries Gifts and Names by Year Year Anniversary Name Modern Gift or Present 8th (eighth) Bronze Bronze or Pottery 9th (ninth) Willow Linen ...
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What is wrong with variable annuities?
Drawbacks of a Variable Annuity A variable annuity’s biggest disadvantage is its cost. Variable annuities can charge high fees. These include administrati...
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How do retirement accounts get divided in a divorce?
When dividing an IRA, the couple doesn’t need to go through the QDRO process. Instead, couples can request a direct transfer, or “a transfer incident to d...
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