education
How do I claim S Corp status?
To elect Corporation status, the LLC must file IRS Form 8832 – Entity Classification Election. To elect S Corporation status, the LLC must file IRS Form 2...
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Education
education
Are health insurance premiums tax-deductible for retirees?
Medical and Dental Expenses Fortunately, some of these expenses are deductible if you itemize your personal deductions. These include health insurance pre...
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education
What numbers are premium rate calls?
Premium rate numbers are a sub-set of numbers under the wider banner of ‘non-geographic’ numbers and start with the prefixes 09, 118, 0871, 0872 and 0873....
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education
How do you create a cost analysis?
Follow these steps to do a Cost-Benefit Analysis. Step One: Brainstorm Costs and Benefits. Step Two: Assign a Monetary Value to the Costs. Step Three: Ass...
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Are prescription copays deductible?
Prescription drug co-pays count as a qualified expense for the medical and dental expenses deduction. According to IRS Publication 502, if it’s prescribed...
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What does final return mean?
A final return for decedent is an income tax return that has been filed for an individual in the year of that taxpayer’s death. Taxpayers who die in any g...
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Do you need a credit card to make a reservation?
You can book a hotel room with either a credit card or a debit card in most cases. Many hotel chains will also accept prepaid cards, though they are more ...
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How much saving do you need to retire?
Retirement experts have offered various rules of thumb about how much you need to save: somewhere near $1 million, 80% to 90% of your annual pre-retiremen...
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education
Can you buy index funds on you invest?
You can buy index funds through your brokerage account or directly from an index-fund provider, such as BlackRock or Vanguard. When you buy an index fund,...
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education
How long after refinance closing is mortgage paid off?
three days A mortgage refinance usually is not funded until three days after closing. This is because refinancing borrowers have a right to rescind — canc...
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