news
Can I deduct child care expenses paid to a friend?
The IRS offers a child care tax credit to those who pay child care costs, which enable taxable income to be earned. You don’t need to pay a child care fac...
Aug 02, 2026 • 0 READS
updates
Do premiums change on whole life insurance?
Whole life policies are structured to pay death benefits to beneficiaries in exchange for regular premium payments, assuming premiums are paid and other t...
Aug 02, 2026 • 1 READS
updates
What is a limited liability company in Wyoming?
A Wyoming Limited Liability Company (LLC) is a business entity formed in Wyoming and governed by Wyoming statutes. What makes the Wyoming LLC an appealing...
Aug 02, 2026 • 1 READS
updates
What was the death benefit for my mother?
If your mother worked long enough to qualify for Social Security benefits, a death benefit of $255 is available to one specified family member as of 2011....
Aug 02, 2026 • 1 READS
updates
Can I put money directly into my HSA?
Direct contributions: You can choose to add funds to your HSA at any time. While these contributions aren’t tax-free, they can be deducted on your tax ret...
Aug 02, 2026 • 1 READS
news
Is Labor taxable on an invoice?
Charges for fabrication labor are generally taxable, whether you itemize your labor charges or include them in the price of the product. This is true whet...
Aug 02, 2026 • 1 READS
news
Do you have to file Form 982 if you file bankruptcy?
If a debt is discharged in bankruptcy, it is not treated as cancellation of indebtedness income, and it is not taxable. The IRS has provided a simple fix ...
Aug 02, 2026 • 1 READS
general
Does Ameritrade send you a 1099?
Please note: While the K-1 form itself accounts for distributions or other items being passed through to the partners, proceeds from the sale of partnersh...
Aug 02, 2026 • 1 READS
general
When completing i-9 forms an employer must require that all employees?
You are required to complete and retain a Form I-9 for every employee you hire for employment in the United States, except for: Individuals hired on or be...
Aug 02, 2026 • 1 READS
updates
Can I deduct cleaning supplies?
Yes! There are plenty of home costs you can deduct from your tax return, including home security system, phone charges, office supplies, equipment and cle...
Aug 02, 2026 • 1 READS
