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
news
How to file an estate income tax return?
If more time is needed to file the estate return, apply for an automatic 5 month extension of time to file using IRS Form 7004, Application for Automatic ...
Jul 24, 2026 • 1 READS
news
What to do if you have more than one Form 1095-A?
Form 1095-A Line 33 Column A. If you have more than one Form 1095-A, add the amounts together and enter the total on Form 8962, line 11, column (a). This ...
Jul 24, 2026 • 1 READS
news
How do I cancel my EIR business account?
How to cancel your eir services To cancel your eir service you will need to give us 30 days notice. Please call us on 1901 or visit our switching page for...
Jul 24, 2026 • 1 READS
