news
Can an LLC File 2553?
If so, the LLC will be taxed under Subchapter C of the Code. And, once it has elected to be taxed as a corporation, an LLC can file a Form 2553, Election ...
Jul 30, 2026 • 1 READS
news
How do you account for dividends reinvested?
How to Account for a Dividend Reinvestment Record the amount of your dividend. Add the dividend amount to your initial cost basis. Divide your total combi...
Jul 30, 2026 • 1 READS
news
How do you qualify for additional Child Tax Credit?
To be eligible for the child tax credit, the child or dependent must: Be 16 years or younger by the end of the tax year. Be a U.S. citizen, national, or r...
Jul 30, 2026 • 1 READS
news
Do you have to have a LLC for a rental property?
Make sure that your LLC is registered in the same state as your rental property. Transferring Your Rental Property Into an LLC If your rental property alr...
Jul 30, 2026 • 1 READS
updates
Is inheritance community property in Louisiana?
Louisiana does not impose any state inheritance or estate taxes. It’s also a community property estate, meaning it considers all the assets of a married c...
Jul 30, 2026 • 1 READS
updates
Can you sell NFL season tickets?
Every single NFL team now allows ticket reselling, although they are fairly insistent that you do it through NFL Ticket Exchange, which is run by Ticketma...
Jul 30, 2026 • 1 READS
updates
What is H1B I-140 approved?
An I-140 petition is the second step in the employment based Green Card process. Once your PERM Labor Certificate is approved, your employer will file a F...
Jul 30, 2026 • 0 READS
updates
What to do when you owe state taxes?
What to Do When You Owe State Taxes 1 Pay Taxes Directly. If you pay your state tax bill when you file taxes, you don’t incur any penalties or interest ch...
Jul 30, 2026 • 1 READS
general
Which defines an excise tax?
Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. These goods are referred to ...
Jul 30, 2026 • 1 READS
updates
What type of tax generates the most revenue for states?
property taxes State and local governments collect tax revenues from three primary sources: income, sales, and property taxes. Income and sales taxes make...
Jul 30, 2026 • 1 READS
