general
Where can I open a custodial account for my child?
Ally Bank is our choice for the best custodial bank account because it offers Online Savings Accounts that can be easily opened for minors. Its online sav...
Jul 28, 2026 • 1 READS
general
How local taxes might be used?
Local taxes fund government services including police and fire services, education and health services, libraries, road maintenance, and other programs an...
Jul 28, 2026 • 1 READS
updates
How are MLP capital gains taxed?
When you sell an MLP, you will calculate your gain or loss, just as you would with any other investment. Your taxable gain is the difference between the s...
Jul 28, 2026 • 1 READS
updates
Does a 1095-C need to be filed?
You do not need form 1095-C to complete your taxes. Form 1095-C does not get filed with your tax return. Keep a copy of the form with your tax records for...
Jul 28, 2026 • 1 READS
general
What is the meaning of AGI number?
Adjusted Gross Income (AGI) is defined as gross income minus adjustments to income. Your AGI will never be more than your Gross Total Income on you return...
Jul 28, 2026 • 1 READS
updates
Do independent contractors file taxes?
For tax purposes, the IRS treats independent contractors as self-employed individuals. You’ll need to file a tax return with the IRS if your net earnings ...
Jul 28, 2026 • 0 READS
updates
What is minimum threshold for payout?
Payment thresholds involve two factors: (1) minimum payment – $25, $50, $100, etc. This continues until the accumulated commission is greater than the min...
Jul 28, 2026 • 1 READS
updates
Does getting a new job affect taxes?
But when you change jobs, your new employer must withhold the tax on the amount they pay you up to the wage base, even though you don’t really owe more. O...
Jul 28, 2026 • 1 READS
news
Does TurboTax home and business cover LLC?
Self-employment has its benefits. An LLC can help reduce your liability without reducing your freedom to run your business as you see fit. And we have you...
Jul 28, 2026 • 1 READS
news
What happens to unused sick leave when you retire?
When you retire, unused sick leave will be converted into retirement months. If you retire under CSRS, each month’s worth of unused sick leave will increa...
Jul 28, 2026 • 1 READS
