updates
How do I correct a mistake on filed taxes?
If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X, enter...
Jul 20, 2026 • 1 READS
general
When do you have to pay taxes on a mutual fund?
For any time during the year you bought or sold shares in a mutual fund, you must report the transaction on your tax return and pay tax on any gains and d...
Jul 20, 2026 • 1 READS
news
Can my mother transfer her property into mine and My?
She wants to do this in case she has to got to go into a care home in the future and does not want to sell her property to pay for it? Answer: From a tax ...
Jul 20, 2026 • 0 READS
news
When to use a 1099-MISC form for self employment?
Long answer: This lie has an understandable origin. The most common use of the 1099-MISC form is a business letting a contractor know how much he received...
Jul 20, 2026 • 1 READS
news
What is 1099-MISC income?
Form 1099-MISC: Miscellaneous Income (or Miscellaneous Information, as it’s called starting in 2021) is an Internal Revenue Service (IRS) form used to rep...
Jul 20, 2026 • 1 READS
news
Can an unmarried couple buy a home together?
Naturally, like married couples, some unmarried couples want to buy a home together. But unmarried couples face more risk and cost than their married coun...
Jul 20, 2026 • 1 READS
news
Is renting out a house a good investment?
Owning a rental property in addition to your primary residence can be a way for you to build wealth, especially if you may be averse to investing in the s...
Jul 20, 2026 • 1 READS
general
How to calculate depreciation on a rental property?
There are two methods you can use to calculate the amount of depreciation you can claim on rental property plant and equipment assets: 1) the prime cost m...
Jul 20, 2026 • 1 READS
news
Why did my refund go down when I added 1098-T?
Two possibilities: Grants and /or scholarships are taxable income to the extent that they exceed qualified educational expenses to include tuition, fees, ...
Jul 20, 2026 • 1 READS
news
Do S corp owners pay Social Security?
The big benefit of S-corp taxation is that S-corporation shareholders do not have to pay self-employment tax on their share of the business’s profits. Thi...
Jul 20, 2026 • 1 READS
