Can a Schedule C owner be on payroll?
if so, you have a mess on your hands. your salary would not be deductible on schedule C nor reportable as wages on the 1040. Sole proprietors of businesse...
Jan 19, 2026 1 VIEWS
Topic: Business And Economy
3594 Articles 
Can I claim my 24 year old disabled son on my taxes?
Dependents: You may be able to claim your child as a dependent regardless of age if they are permanently and totally disabled. Permanently and totally dis...
Jan 19, 2026 1 VIEWS
Do debts get written off when someone dies?
Who pays your debts when you die? Your debts become the responsibility of your estate after you die. The executor of your estate is the person(s) responsi...
Jan 19, 2026 1 VIEWS
Does California have an estate or gift tax?
California does not levy a gift tax. However, the federal gift tax does still apply to residents of California. For 2021, the annual gift-tax exclusion is...
Jan 19, 2026 1 VIEWS
Should a single-member LLC receive a 1099?
Yes. If the LLC is taxed as a partnership or is a single-member LLC (disregarded entity), the contractor needs to receive a 1099 form. But for all other c...
Jan 19, 2026 1 VIEWS
Are green card holders considered foreign nationals?
Lawful Permanent Residents (LPR) (persons issued a ‘green card’) showing they have been granted the right to permanently reside in the U.S., are considere...
Jan 19, 2026 1 VIEWS
Can I work for the airforce as a civilian?
The Air Force Civilian Service (AFCS) hires individuals in nearly all occupational areas and provides numerous opportunities for employment. If you are el...
Jan 19, 2026 1 VIEWS
How much off can you get buying a car at an auction?
We recently completed a study of the savings a buyer could expect at auction. On average, you will save 20% or more. That’s a savings of $4,000 on a $20,0...
Jan 19, 2026 1 VIEWS
Is S Corp good for small business?
An S corporation is the most common corporate structure for small businesses. S corporations can be particularly beneficial to small businesses due primar...
Jan 19, 2026 1 VIEWS
How do you describe the fiction?
A fiction is a deliberately fabricated account of something. It can also be a literary work based on imagination rather than on fact, like a novel or shor...
Jan 19, 2026 1 VIEWS
What is the bargain element of a stock option?
The bargain element is the difference between the exercise price and the market price on the day you exercised the options and purchased the stock. How do...
Jan 19, 2026 1 VIEWS
Does the IRS need original receipts?
Receipts are not required when submitting the return, but the IRS can ask for supporting proof during an audit. If the IRS disallows reported deductions, ...
Jan 19, 2026 1 VIEWS