updates
How can I get 1040 years?
To get a transcript, people can: Order Online. Use the ‘Get Transcript’ tool available on IRS.gov. There is a link to it under the red TOOLS bar on the fr...
Aug 05, 2026 • 1 READS
general
How is interest on savings account calculated?
As per the new RBI mandate, interest on savings account is calculated on a daily basis based on your closing amount. The interest accumulated will be cred...
Aug 05, 2026 • 1 READS
updates
Can a life insurance policy gain interest?
The life insurance company generally invests this money in a conservative-yield investment. As you continue to pay premiums on the policy and earn more in...
Aug 05, 2026 • 1 READS
news
Can a brother and sister buy out a house together?
Q: My sister and I own a property together as tenants-in-common (our recently deceased brother’s home). I am planning on buying her out. How to sell the H...
Aug 05, 2026 • 1 READS
general
What happens when you cancel a debt with a 1099-C?
But it’s the Form 1099-C, Cancellation of Debt, that plagues people the most. When your lender forgives debt responsibility, you’re then obliged to pay ba...
Aug 05, 2026 • 1 READS
updates
Do you have to pay taxes on Facebook donations?
Funds that you receive through a personal fundraiser on Facebook may be taxable. Note: If you raise more than $20,000 in donations from fundraisers on Fac...
Aug 05, 2026 • 1 READS
general
Is it legal to sell books on Amazon?
If you sell them as used, then you are fine. You are correct that Amazon doesn’t need to allow anyone to sell on their marketplace, but Amazon and ANY pri...
Aug 05, 2026 • 1 READS
news
What is the minimum amount for 1099 reporting?
$600 More In Forms and Instructions File Form 1099-MISC for each person to whom you have paid during the year: At least $10 in royalties or broker payment...
Aug 05, 2026 • 1 READS
news
Do you have to amend your tax return if you made a mistake?
If you’ve made errors related to basic math, you don’t have to amend your tax return. The IRS will actually make the changes for you! A lot of taxpayers a...
Aug 05, 2026 • 1 READS
general
Can I claim 1098-T if my parents paid my tuition?
Even if the 1098-T is in the student’s name, as long as you are eligible to claim the student as a dependent, you are also eligible to claim the education...
Aug 05, 2026 • 1 READS
