news
What does it mean to pay mortgage on a house?
A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a s...
Jul 22, 2026 • 1 READS
general
Who is excluded from Social Security?
The Social Security Act of 1935 excluded from coverage about half the workers in the American economy. Among the excluded groups were agricultural and dom...
Jul 22, 2026 • 1 READS
news
Does Mexico have capital gains tax?
Capital Gains Tax in Mexico Currently, the rate is 25% on the gross amount of the transaction or 30% of the total capital gain. For expatriates, the capit...
Jul 21, 2026 • 0 READS
news
What are after tax payroll deductions?
An after-tax deduction, also known as a post-tax deduction, is an amount of money that is subtracted from a taxpayer’s earnings after taxes (federal, stat...
Jul 21, 2026 • 1 READS
updates
What is the phone number for OLT OnLine Taxes?
(816) 232-0095 OnLine Taxes phone support is provided for customers only. We do not provide information on your Federal or State refunds. Those calls must...
Jul 21, 2026 • 1 READS
general
Can sole proprietors deduct startup costs?
Yes, you may be able to deduct your startup business expenses even though you didn’t earn any income. The deduction is reported on Form Schedule C of your...
Jul 21, 2026 • 1 READS
general
What form do you fill out for tax-exempt status?
IRS Form 1023 To apply for tax-exempt status, you must complete IRS Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Int...
Jul 21, 2026 • 1 READS
news
What happens if you Overcontribute to SIMPLE IRA?
Any amount contributed to your SIMPLE IRA above the maximum limit is considered an “excess contribution.” An excess contribution is subject to an excise t...
Jul 21, 2026 • 1 READS
general
Where can I find New York state government payrolls?
The Payrolls section provides a database of names, positions, salaries and/or total earnings for individuals who have been employed by New York State, New...
Jul 21, 2026 • 1 READS
news
How do distributions affect taxes?
Classifying payments as distributions, on the other hand, doesn’t reduce the business’s taxable income, but most distributions are typically payroll-tax-f...
Jul 21, 2026 • 1 READS
