updates
Is the supplemental check taxable?
All supplemental wages are subject to FICA taxes (Social Security/Medicare tax) and federal unemployment tax. No matter how you pay these wages, make sure...
Jul 31, 2026 • 1 READS
news
Is IRC414H taxable?
Contributions are shown in Box 14, IRC414H. Pension contributions are not subject to federal income tax, but are subject to state, city, Social Security, ...
Jul 31, 2026 • 1 READS
updates
Are partners entitled to reimbursement?
Many Partnership Agreement include a reimbursement provision which usually provides wording which specifically requires reimbursement for defense costs an...
Jul 31, 2026 • 1 READS
updates
What does rollover IRA activation mean?
A Rollover IRA is an account that allows you to move funds from your old employer-sponsored retirement plan into an IRA. With an IRA rollover, you can pre...
Jul 31, 2026 • 1 READS
news
What happens if your spouse owes back taxes?
If your spouse has tax debt from before your marriage, the IRS may still take the whole refund to pay the taxes if you file a joint return for married cou...
Jul 31, 2026 • 0 READS
news
How are partnerships formed in restaurants?
It is crucial to: Make sure that you select the right partner. Come to an agreement on the restaurant’s goals. Make sure you have outlined each partner’s ...
Jul 31, 2026 • 0 READS
news
Do independent graduate students get more financial aid?
FAFSA for graduate school: Grad students are typically considered independent students. Less financial aid for graduate school. Interest rates for graduat...
Jul 31, 2026 • 1 READS
updates
How does giving a rental property as a gift work?
There are two ways to handle this is “your” tax return. 1) your mother gifts you her original cost basis in the property along with all the prior deprecia...
Jul 31, 2026 • 1 READS
updates
Does living with someone Affect SSDI?
Because you pay into the retirement system through your paycheck (or taxes) and individual work history, the government won’t reduce your benefits if you ...
Jul 31, 2026 • 1 READS
updates
Are 990s extended to July 15?
The upcoming July 15 deadline applies to many forms that were originally due May 15, including: Form 990-series annual information returns (Forms 990, 990...
Jul 31, 2026 • 1 READS
