general
What is advance assessment in taxation?
Advance tax: You need to pay advance tax if you are a salaried taxpayer with other sources of income like interest on deposits and your tax liability for ...
Jul 29, 2026 • 1 READS
general
What are the tax requirements for donating property?
The American Jobs Creation Act of 2004 created additional reporting requirements for individual taxpayers making noncash charitable contributions. This we...
Jul 29, 2026 • 1 READS
updates
Do foundation repairs increase home value?
In most cases, it’s worth the investment to have the repairs done before you list the home. Then both parties can negotiate the home’s sale price, with al...
Jul 29, 2026 • 1 READS
updates
Where can I get Form 1099-HC Ma?
This form is provided by your health insurance carrier and not the GIC. To download an electronic copy of your Form 1099-HC, you may sign into your medica...
Jul 29, 2026 • 1 READS
general
Can a company ask for your tax return?
Although it is not illegal under federal law to ask a job applicant for a tax return or W-2, it is “unlawful for a person to disclose, use or compel the d...
Jul 29, 2026 • 1 READS
news
Should HSA contributions be on W-2?
Short Answer: Both the employer and pre-tax employee HSA contributions made through payroll are reported on the Form W-2 in Box 12 with Code W. Employers ...
Jul 29, 2026 • 0 READS
general
How do I report a section 1256 option contract?
Use Form 6781 to report: Any capital gain or loss on section 1256 contracts under the mark-to- market rules, and • Gains and losses under section 1092 fro...
Jul 29, 2026 • 1 READS
news
How many hip operations go wrong?
Hip replacement surgery is done in an ultra-clean operating theatre and antibiotics are given during the operation. But in less than 1 in every 100 operat...
Jul 29, 2026 • 1 READS
news
Can you roll a traditional IRA into a simple?
Transfers to SIMPLE IRAs A new law in 2015 now allows a SIMPLE IRA to also accept transfers from traditional and SEP IRAs, as well as from employer-sponso...
Jul 29, 2026 • 1 READS
general
Is a trustee the same as an administrator?
A trustee is the person in charge of a trust. An administrator is the person appointed by the probate court to oversee a decedent’s estate when there is n...
Jul 29, 2026 • 0 READS
