education
What is an amended 1040 called?
What Is Form 1040-X: Amended U.S. Individual Income Tax Return? The 1040-X: Amended U.S. Individual U.S. Income Tax Return is a form used by taxpayers who...
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Education
education
Where do unclaimed mail packages go?
For the U.S. Postal Service, that would be the Mail Recovery Center (MRC) in Atlanta, its official lost and found department. Known at one time as the Dea...
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education
Can a corporation purchase real estate?
An S corporation, C corporation and a limited liability company (LLC) can all buy real estate, and these business entities shield your personal assets fro...
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education
Can I deposit a check made out to my company?
Just about anyone can deposit a business check into the company’s business checking account—you don’t need to be the owner or an authorized signatory on t...
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education
Can you add a partner to an S Corp?
Re: How Do I Bring in a New Partner into an Existing S Corp It has shareholders. In order to add a shareholder to the corporation either an existing share...
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education
How do you account for inventory when closing a business?
The most basic formula for account for inventory is: Plus Cost of Purchases. Minus Cost of Goods Sold. Equals Ending Inventory (since you’re closing your ...
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education
What is a 4 percent match 401k?
A 401k company match is a percentage of your salary your employer will match. For example, if your employer will match 4% of your salary and you make $1,5...
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education
Are money market funds protected by the SEC?
Many investors use money market funds to store cash or as an alternative to investing in the stock market. Unlike a “money market deposit account” at a ba...
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education
Does Uber driver count as independent contractor?
The National Labor Relations Board’s decision that Uber drivers are independent contractors means that drivers have no federal right to unionize. By Steph...
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education
Was the trust Deadline extended for 2021?
Foreign trusts and estates with federal income tax filing or payment obligations, who file Form 1040-NR, now have until May 17, 2021. Can you file an exte...
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