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
general
What should I do if my husband filed a joint tax return?
If you didn’t sign the joint return, it isn’t valid. 3. At the very least, ask for a credit for 1/2 the tax refund in your decree of dissolution. If you b...
Jul 20, 2026 • 1 READS
general
How does a partnership file an income tax return?
Each person contributes money, property, labor or skill, and shares in the profits and losses of the business. A partnership must file an annual informati...
Jul 20, 2026 • 1 READS
general
How long does it take for 2019 taxes to be approved?
Most refunds will be issued in less than 21 days, as long as the return doesn’t require further review, according to the Internal Revenue Service. Refund ...
Jul 20, 2026 • 1 READS
updates
Can I deduct IRA contributions in 2019?
Eligible taxpayers can usually contribute up to $6,000 to an IRA for 2019. The limit is increased to $7,000 for taxpayers who were age 50 or older by the ...
Jul 20, 2026 • 1 READS
news
Why is a corporation taxed separately from individuals?
Because a corporation is a separate legal entity from its owners, the company itself is taxed on all profits that it cannot deduct as business expenses. W...
Jul 20, 2026 • 1 READS
news
What does tax RFD mean?
That would be your California refund only. The deposit stands for Franchise Tax Board California State Tax Refund. This would NOT include your Federal ref...
Jul 20, 2026 • 0 READS
