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
updates
Where does excess business interest expense go?
Once excess business interest expense is treated as business interest expense paid or accrued by the partner, such business interest expense is subject to...
Aug 05, 2026 • 1 READS
updates
What box on W-2 is federal withholding?
Box 2 Box 2 — Shows the total federal income tax withheld from your paycheck for the tax year. Include this amount on the federal income tax withheld line...
Aug 05, 2026 • 1 READS
news
How do I get a copy of my quarterly 941?
If you need a copy of a past Form 941 that you have filed, you can request a copy through the Internal Revenue System. Each copy costs $57. How do I colle...
Aug 05, 2026 • 1 READS
updates
Do all businesses pay Corporation Tax?
All limited companies must pay Corporation Tax on their profits, and one of the first things you will do as a new company owner is to register your new co...
Aug 04, 2026 • 1 READS
news
How do I ask a friend for a recommendation?
How to Ask a Friend for a Reference Ask for permission. The first thing you need to do is ask if this person would be comfortable being a reference. Discu...
Aug 04, 2026 • 1 READS
news
Do directors of nonprofits get paid?
Even though there is no federal rule against compensating board members of charitable nonprofits, most charities do not pay board members. 3 However, boa...
Aug 04, 2026 • 1 READS
general
What is an ESOP allocation?
ESOPs are a highly-tax-favored way for employees to share ownership in their company through a trust fund. ESOPs allocate shares to each eligible employee...
Aug 04, 2026 • 1 READS
