news
How much of a commercial property is rental?
Rental income: Typically, a business that buys commercial property occupies at least 51% of it. This is because lenders classify the real estate as an inv...
Aug 01, 2026 • 1 READS
updates
Can I W-2 myself as a sole proprietor?
Can I pay myself wages and withhold taxes? Answer: Sole proprietors are considered self-employed and are not employees of the sole proprietorship. They ca...
Aug 01, 2026 • 0 READS
general
Do I need to get a new W9 every year?
After they are completed, your vendors’, freelancers’ and contractors’ W-9 forms do not expire. However, the IRS requires them to be replaced when specifi...
Aug 01, 2026 • 1 READS
updates
Do both spouses need long term care insurance?
It is unlikely, although not impossible, that both spouses will need extended long term care coverage. By purchasing a joint policy, couples can reduce th...
Aug 01, 2026 • 0 READS
news
Is a relocation bonus taxable income?
The short answer is “yes”. Relocation expenses for employees paid by an employer (aside from BVO/GBO homesale programs) are all considered taxable income ...
Aug 01, 2026 • 1 READS
updates
How does a tax lien work on a property?
How Tax Liens Work. In the Tax Lien States, when a property becomes delinquent for non-payment of property taxes, the county will sell a “tax lien certifi...
Aug 01, 2026 • 1 READS
general
What additional taxes do 1099 employees pay?
1099 Contractors and Freelancers The IRS taxes 1099 contractors as self-employed. If you made more than $400, you need to pay self-employment tax. Self-em...
Aug 01, 2026 • 1 READS
general
What is a foreign tax offset?
The foreign income tax offset provides relief from double taxation. You pay tax on your employment income or capital gains you make. To be able to claim a...
Aug 01, 2026 • 1 READS
updates
What is reimbursement for childcare?
A dependent care reimbursement account allows employees to set aside some pretax income (up to $5,000 in 2014) for the express purpose of paying for depen...
Aug 01, 2026 • 1 READS
news
Can an S Corp report a loss?
Assuming you actively participate in the operation of your S corporation and you’re not merely a passive investor, if your S corporation suffers a loss in...
Aug 01, 2026 • 1 READS
