When can a pastor opt out of Social Security?
Ministers cannot opt out of Social Security because they think it’s a bad investment. When filing Form 4361, a minister makes some representations under p...
Jan 16, 2026 1 VIEWS
Topic: News
3625 Articles 
Can a husband and wife be a sole proprietor in Texas?
Unless a business meets the requirements listed below to be a qualified joint venture, a sole proprietorship must be solely owned by one spouse, and the o...
Jan 16, 2026 1 VIEWS
How do garage conversions affect property?
There is no guarantee that a garage conversion will subtract from home value- in fact in many cases, the additional square footage is appealing to home bu...
Jan 16, 2026 1 VIEWS
What does it mean to have student loans discharged?
When you have your federal student loans discharged, it means: you no longer have further obligation to repay the loan, you will receive a reimbursement o...
Jan 16, 2026 1 VIEWS
How can tax changes affect a business?
Tax cuts increase household demand by increasing workers’ take-home pay. Tax cuts can boost business demand by increasing firms’ after-tax cash flow, whic...
Jan 16, 2026 1 VIEWS
Do I have to pay taxes on a house I inherit from my parents?
The bottom line is that if you inherit property and later sell it, you pay capital gains tax based only on the value of the property as of the date of dea...
Jan 16, 2026 1 VIEWS
Does mileage deduction include tolls?
The mileage rates do not include the cost of parking and tolls. The mileage rates do not vary by geography. Taxpayers cannot deduct personal use of a vehi...
Jan 16, 2026 1 VIEWS
Do couples lose first-time buyer status if one partner bought in the past USA?
Therefore, if one of the purchasers of a property has previously owned a property, none of the parties to the purchase is entitled to first-time buyer sta...
Jan 16, 2026 1 VIEWS
Can I amend 2015 tax return?
Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct your tax return. It can’t be e-filed. You can get the form on at any time. See the F...
Jan 16, 2026 1 VIEWS
Can a corporation and LLC have the same EIN?
An existing partnership converts to an LLC classified as a partnership. The LLC name or location changes. An LLC that already has an EIN chooses to be tax...
Jan 16, 2026 1 VIEWS
What mortgage closing costs can be negotiated?
What closing costs are negotiable? Fees you can negotiate Fees you can’t negotiate Homeowners insurance Stamp and tax service fees Title insurance Recordi...
Jan 16, 2026 1 VIEWS
What is the maximum modified adjusted gross income?
If you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $139,000 for the tax year 2020 and under $140,000 for the t...
Jan 16, 2026 1 VIEWS