updates
Can I change my employer identification number?
Request a new EIN from IRS To change an existing EIN, check the IRS requirements. If you are eligible for a new EIN, then submit Form SS-4 to the IRS. Can...
Jul 20, 2026 • 1 READS
general
Can a LLC elect an S corporation on IRS Form 2553?
However, IRS Form 2553 allows LLCs and Corporations to elect “S” corporation status. The S corporation election is a tax designation granted through the I...
Jul 19, 2026 • 1 READS
news
Can you be employed and pay your own tax?
You pay tax on your self-employed profits at the same time as you pay tax on all of your other income for a tax year under Self Assessment. Remember you p...
Jul 19, 2026 • 1 READS
updates
Do you pay capital gains on reinvested money?
Capital gains generally receive a lower tax rate, depending on your tax bracket, than does ordinary income. However, the IRS recognizes those capital gain...
Jul 19, 2026 • 1 READS
general
How do I pay how much I owe on 1040X?
If you owe money as a result of the correction, you should include a check or money order with your 1040X submission. You can pay the balance you owe onli...
Jul 19, 2026 • 1 READS
news
What happens if I inherit my parents house?
What this means is, you may be able to sell the house and collect tax-free profits based on its current value – not what your parents paid many years ago....
Jul 19, 2026 • 1 READS
news
Can interest be reported on 1099-MISC?
Interest paid that must be reported on a 1099-INT will include interest on bank deposits, accumulated dividends paid by a life insurance company, indebted...
Jul 19, 2026 • 1 READS
news
What is personal virtual assistant?
A virtual assistant is a self-employed worker who specializes in offering administrative services to clients from a remote location, usually a home office...
Jul 19, 2026 • 1 READS
updates
What is Form 8288-A used for?
Form 8288. The tax withheld on the acquisition of a U.S. real property interest from a foreign person is reported and paid using Form 8288. Form 8288 also...
Jul 19, 2026 • 1 READS
updates
What expenses can a student claim on taxes?
I’m a student: What tax credits and deductions can I claim? Tuition, education, and textbook amounts. Interest paid on your student loans. Public transit ...
Jul 19, 2026 • 1 READS
