general
When to use a 1099 are for life insurance?
Form 1099-R is used to report distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance contracts, etc. Proceeds from li...
Jul 23, 2026 • 1 READS
general
Can you use an LLC as an umbrella company?
A Series LLC is one way to structure an umbrella company without needing to file separate subsidiary entities. The members can divide the LLC into an unli...
Jul 23, 2026 • 1 READS
general
Are personal promissory notes legally binding?
Promissory notes are legally binding whether the note is secured by collateral or based only on the promise of repayment. If you lend money to someone who...
Jul 23, 2026 • 1 READS
updates
Is a QDRO distributions subject to 10 penalty?
Assets distributed from a qualified plan under a QDRO are exempt from the usual 10% early withdrawal penalty. What is separation from service distribution...
Jul 23, 2026 • 1 READS
updates
Can I overestimate my taxes?
What Happens If I Overestimate My Income for the Year? Anytime you file your taxes for a previous year, your income will be reconciled if you have overest...
Jul 23, 2026 • 1 READS
updates
Can S Corp provide health insurance?
Just like other business structures, S corporations can offer health insurance premium coverage for their non-owner employees as a tax-free fringe benefit...
Jul 23, 2026 • 1 READS
general
What establishes residency in a home in Florida?
There are no general rules for establishing residency in Florida. Residency is program specific. That is, it is attached to a specific purpose or need, su...
Jul 23, 2026 • 1 READS
updates
What is the income cut off for Social Security?
Maximum Taxable Earnings Each Year Year Amount 2017 $127,200 2018 $128,400 2019 $132,900 2020 $137,700 How do I check on my Social Security check? If you ...
Jul 23, 2026 • 1 READS
general
When do you need to file an amended tax return?
However, you’ll need to file an amended return if there is a change in your client’s filing status, income, deductions or credits. Use Form 1040X, Amended...
Jul 23, 2026 • 1 READS
updates
How do you scale a tutoring business?
Here are a few actionable steps to accelerate the growth of your online tutoring business: Establish yourself as a thought leader in the community. Scale ...
Jul 23, 2026 • 1 READS
