Is stock in an S corporation a capital asset?
S corp capital gains refer to increases in the value of an S corporation’s capital assets, such as stocks, bonds, or properties. An S corp is an entity th...
S corp capital gains refer to increases in the value of an S corporation’s capital assets, such as stocks, bonds, or properties. An S corp is an entity th...
You can request an additional extension of time to file taxes beyond the six-month period, but you cannot ask for multiple tax extensions. If the IRS does...
A living person creates an Inter Vivos trust during that person’s lifetime. An Inter Vivos trust can be established as revocable or irrevocable. An Inter ...
Social Security OIG is receiving many reports of scam calls made from (410) 965-2671, which is used to receive press inquiries about OIG audits and invest...
Alert: Important Pending Legislation in New Jersey Unlike the Federal Government and most other States, New Jersey does not allow participants to make pre...
Because genuine compensatory payments are not taxable, there is a real attraction to employers paying as much settlement moneys under this heading as poss...
To calculate a bonus for an employee who earns “X” dollars in sales, multiply the sales total by the bonus percentage you established. For example, let’s ...
Register or activate QuickBooks Desktop Go to the Help menu once you open QuickBooks. Click QuickBooks Desktop Help or press F1 on your keyboard. Select C...
Dealing with a Property Line Dispute: Don’t Fence Me In (or Out) Stay civil. Don’t use this disagreement to vent months or years of anger at your neighbor...
Report other information like you did in the original return. Prepare a new Form 1096 with corrected information (to send with Copy A to the IRS) Mail the...
You can take money out of an IRA whenever you want, but be warned: if you’re under age 59 ½, it could cost you. (It’s a retirement account, after all.) If...
There are a variety of 1099 forms since there are many types of income, including interest income, local tax refunds, and retirement account payouts. Whet...