health
Is motor vehicle an expense in accounting?
Motor vehicle expenses, other than business mileage, can only be claimed if the vehicle is a company vehicle (in the company’s name) and is not owned pers...
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Are 1099s issued to S corporations?
You are not required to send a 1099-MISC form to a corporation. This rule includes both C corporations and S corporations. You should still send a 1099-MI...
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Should I claim my 20 year old as a dependent?
If your 20-year old child lives with you but isn’t a full-time student, you can’t claim them as a qualifying child because they fail the age test. But as ...
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What form do I need from a vendor?
Form W-9 provides you with a vendor’s name, address, tax ID number, and taxation status. Source: irs.gov. At the beginning of every year, businesses issue...
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How long does it take to fund a Wells Fargo brokerage account?
Note: Transfers with a brokerage account are typically completed within one to three business days. What is a brokerage cash account Wells Fargo? Wells Fa...
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What is a toxic ex wife?
The toxic ex-wife or husband doesn’t respect the boundaries of their relationship with their ex. They have never really let go of their mates and will han...
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What is a revoked exclusion?
The revoked exclusion rule is designed to prevent taxpayers abroad from switching each year between FEIE and FTC. Simply put, if you had been using FEIE t...
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How much should be invested monthly?
Most financial planners advise saving between 10% and 15% of your annual income. A savings goal of $500 amount a month amounts to 12% of your income, whic...
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What do you need to know about Form 990-EZ?
The Form 990-EZ is an annual information return required to be filed with the IRS by many organizations exempt from income tax under section 501(a), and c...
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Is it OK if I return birthday gift to person who gave me?
—since it is now theirs.” It is OK for them to reject the gifts and you can still feel good because you gave in the spirit of true unconditional, non-dema...
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