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
updates
What do I need to do to fill out Form 709?
If you’ve figured out you must fill out a Form 709, follow the instructions below. First, complete the General Information section on part one of the form...
Aug 01, 2026 • 1 READS
news
What is Box 14 A?
Line 14A – Net Earnings (Loss) from Self-Employment – Amounts reported in Box 14, Code A represent the amount of net earnings from self-employment. For Li...
Aug 01, 2026 • 1 READS
news
How do you find out where I did my taxes last year?
Order a Transcript Online Using Get Transcript. They can use Get Transcript Online on IRS.gov to view, print or download a copy of all transcript types. B...
Aug 01, 2026 • 1 READS
news
Is the IRS still using the e file pin?
After the April filing deadline, the IRS announced it was closing its e-filing PIN service in June 2016. While shuttering the e-file PIN program means you...
Aug 01, 2026 • 1 READS
news
What is Box 12 on a W-2 form?
The W-2 box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. Include this tax on Form 1040 Schedule 2, line 8, check box c and identify ...
Aug 01, 2026 • 0 READS
updates
Why is my import duty so high?
Welcome to Canada, where everything costs 15-25% more expensive than same product south of the border in the US. Well, that is because Government of Canad...
Aug 01, 2026 • 1 READS
news
When does the IRS file a federal tax lien?
The good news is that the IRS cannot just file a Notice of Federal Tax Lien (NFTL) without any warning or notice. Several things must first occur before a...
Aug 01, 2026 • 1 READS
general
How do you find the consumer price paid?
Price consumers pay is obtained from demand equation PT = 20 – QT = 20 – 12 = 8, or taxed supply equation PT = QT/3 + 4 = 12/3 + 4 = 8. 3. Government reve...
Aug 01, 2026 • 0 READS
general
How do you apologize the wrong way?
Understand Reasons to Apologize Acknowledge that you were wrong. Discuss what is allowed and not allowed in your relationship. Express your regret and rem...
Jul 31, 2026 • 1 READS
