general
Can I gift my daughter money?
Yes, you can gift money to children under the age of 18, although it’s important to be aware of certain rules. There’s a limit of £100 on the amount of in...
Jul 24, 2026 • 1 READS
news
What do you need to know about a 1099-S?
A form 1099-S is a tax document used to ensure that the full amount received for a real estate sale of some kind is accurately reported. When real estate ...
Jul 24, 2026 • 1 READS
news
What does your refund has been applied mean?
But what does it mean when, instead of your refund check, you get a notice informing you that the IRS applied your refund to unpaid taxes? This happens wh...
Jul 24, 2026 • 1 READS
general
Where is retirement income reported?
You reported your income by attaching a Schedule C, Profit or Loss From Business (Sole Proprietor) and Schedule SE, Self-employment Tax to your Form 1040....
Jul 24, 2026 • 1 READS
news
What is additional liability pending?
IRS Code 570 Additional Liability Pending or Credit Hold, which indicates that you could owe money to another government agency or something is amiss with...
Jul 24, 2026 • 1 READS
updates
Are trusts subject to estate tax?
Although a revocable trust may help avoid probate, it is usually still subject to estate taxes. Also, since the assets have been transferred to the trust,...
Jul 24, 2026 • 1 READS
updates
Can a boyfriend claim a child as a dependent?
Your boyfriend may be able to claim your child on his taxes. A child can’t provide her own care, so she definitely counts as someone’s dependent come tax-...
Jul 24, 2026 • 1 READS
general
Can an individual be tax exempt?
Personal exemptions no longer exist. Tax deductions generally are expenses you’ve incurred that whittle down the amount of your income that’s subject to t...
Jul 24, 2026 • 1 READS
news
How do you know if your future house has bad neighbors?
First, look for signs of disrepair and neglect. Make sure you look at all the homes surrounding your potential buy, as well as homes down the street and b...
Jul 24, 2026 • 0 READS
general
When do single owner LLCs file a Schedule K-1?
Single-owner LLC’s don’t use a Schedule K-1 to report the business income; they use a Schedule C-Profit or Loss from Business. 2 Partners and shareholde...
Jul 24, 2026 • 1 READS
