What are the new rules for Roth IRA?
Only earned income can be contributed to a Roth IRA. You can contribute to a Roth IRA only if your income is less than a certain amount. The maximum contr...
Jan 13, 2026 5 VIEWS
Topic: News
3625 Articles 
Can I issue a 1099 to my employee?
Entities provide a Form 1099-Misc to independent contractors and Form W-2 to employees. However, there may be instances where a worker may be serving as a...
Jan 13, 2026 6 VIEWS
Who is considered an heir in NJ?
In order to inherit under New Jersey’s intestate succession law, the heir in question must survive the decedent by at least 120 hours. In addition, relati...
Jan 13, 2026 5 VIEWS
Can I write off meals for my employees?
Meals with employees or business partners are only deductible if there is a direct or indirect business purpose. I’ve listed out common items that fall in...
Jan 13, 2026 4 VIEWS
Can a sole proprietor open a NOW account?
Question: Can a sole proprietorship have a NOW Account? Thus, deposits of an individual used in his or her business including a sole proprietor or an indi...
Jan 13, 2026 4 VIEWS
What is net income on a rental property?
Net rental income is the income you receive from your rental property after expenses associated with the home are deducted. If you’re a landlord, you’ll n...
Jan 13, 2026 5 VIEWS
Do short term losses cancel out short term gains?
Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted against short-term gains, and...
Jan 13, 2026 4 VIEWS
What is the difference between dissolving a company and going bankrupt?
Permanent outcome – While both bankruptcy and liquidation are temporary processes, liquidation results in a permanent closing down of the business. The co...
Jan 13, 2026 5 VIEWS
What is tax form W-4P?
Form W‐4P is for U.S. citizens, resident aliens, or their estates who are recipients of pensions, annuities (including commercial annuities), and certain ...
Jan 13, 2026 4 VIEWS
Does TurboTax have Form 5695?
To enter your Residential Energy Credits (Form 5695) in TurboTax Online: Open (continue) your tax return in TurboTax Online. In the topic box, highlight 5...
Jan 13, 2026 4 VIEWS
Do I have to pay taxes on house I inherited?
Luckily, the state of California doesn’t have estate taxes or inheritance taxes! This means you don’t have to pay taxes because you inherited a property. ...
Jan 13, 2026 5 VIEWS
Are stock options taxed differently?
Generally, the gains from exercising non-qualified stock options are treated as ordinary income, whereas gains from an incentive stock option can be eithe...
Jan 13, 2026 4 VIEWS