updates
Can a spouse be a sole proprietor of a business?
Such a spouse is also ordinarily treated as a sole proprietor if he or she forms a one-owner limited liability company (LLC) to run the business. The fact...
Jul 27, 2026 • 1 READS
updates
How is MAGI income calculated?
To find your MAGI, take your AGI and add back: Any deductions you took for IRA contributions and taxable Social Security payments18 Excluded foreign inco...
Jul 27, 2026 • 1 READS
general
Will my employer pay for grad school?
Employers generally only pay for your Master’s degree if they will reap the benefits of your education, so when you embark upon a Master’s degree program ...
Jul 27, 2026 • 1 READS
updates
What is a statement of insolvency?
A Statement of Affairs is a document detailing a company’s assets and liabilities. Generally prepared by a liquidator or appointed professional during cer...
Jul 27, 2026 • 1 READS
general
Can you claim 2 cars on tax?
The cents per km method of claiming motor vehicle expenses can be a lucrative claim, but you can only claim up to 5,000kms. Interestingly, the 5,000kms is...
Jul 27, 2026 • 1 READS
news
Can you change corporation to LLC?
A domestic (California) stock corporation can convert into a California other business entity; a California limited liability company (LLC), limited partn...
Jul 27, 2026 • 1 READS
general
Do employers have to report health insurance on W-2 for 2019?
All employers that provide applicable employer-sponsored coverage must include the aggregate cost of employer-sponsored health coverage on their employees...
Jul 27, 2026 • 1 READS
general
Can I file 1099 and W-2 separately?
If you are stating that you have W-2 and 1099 income for your personal tax return, then you will need to file all of your income together on your one retu...
Jul 27, 2026 • 1 READS
general
Should proceeds from stock sales appear on W-2 and then also a 1099 B?
Should proceeds from stock sales appear on w2 and then also a 1099-B? Yes, on the W2 the amount is reported in box 12 with “V”. on the 1099-B, it has a bi...
Jul 27, 2026 • 1 READS
news
Does Arizona tax out of state pensions?
Tax-friendly factors in Arizona cited by Kiplinger include a modest income-tax rate that tops out at 4.54 percent, no inheritance taxes or estate taxes, a...
Jul 27, 2026 • 1 READS
