news
Can two trusts own one bank account?
It does not make sense for two trusts to have a joint account any more than it would for two corporations to have a joint account. What the attorney is tr...
Jul 22, 2026 • 1 READS
general
Can a SMLLC pay rent to a sch e LLC?
One SMLLC files a schedule C and the other a schedule E. The Sch C LLC pays a fair arms-length rent to the Sch E LLC. Since both have EINs, separate bank ...
Jul 22, 2026 • 1 READS
news
Where on your W-2 does it show how much you made?
Box 1 Box 1 of the W-2 shows your taxable wages for federal income tax purposes. To arrive at your total salary using Box 1, add your federal taxable wage...
Jul 22, 2026 • 1 READS
news
Can an enrolled agent go to tax court?
United States Tax Court (USTC) Typically, only attorneys can represent a person in court; however, other Circular 230 professionals, including enrolled ag...
Jul 22, 2026 • 1 READS
news
Do you have to ask questions to get tax deductions?
Many business owners make spending decisions with the hopes that it will be deducted, and yet neglect to ask the question first! According to the IRS, any...
Jul 22, 2026 • 1 READS
general
What cars can you buy with 50 000 dollars?
The 10 Least Boring Luxury Cars Under $50,000 You Can Buy 2021 Lexus IS350 F Sport ($43,925) 2021 Tesla Model 3 ($45,490) 2021 Audi A5 Sportback Premium P...
Jul 22, 2026 • 0 READS
updates
Can I mail a check with Form 7004?
Keep in mind that this is not an extension of time to pay your taxes. If you have any taxes due, they must be paid by the original tax filing deadline. Be...
Jul 22, 2026 • 1 READS
general
Can a LLC be owned by a husband and wife?
That is the case, except for husband and wife-owned LLCs in community property states. In community property states the husband and wife are treated as on...
Jul 22, 2026 • 1 READS
updates
Can employers ask What your current salary is?
At the time of publication, it’s illegal for employers to ask candidates about salary history or current wages, including: California. Can an interview as...
Jul 22, 2026 • 1 READS
news
How does a new business pay employees?
Hourly wages are based on an hourly rate. The employee’s pay is determined by how much time they work during a pay period. You might decide to pay a new h...
Jul 22, 2026 • 1 READS
