updates
What does it mean when TurboTax says accepted?
Accepted means your tax return is now in the government’s hands and has passed the initial inspection (your verification info is correct, dependents haven...
Aug 02, 2026 • 1 READS
general
What is the due diligence stage?
Due diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration. In the financial world, due dil...
Aug 02, 2026 • 0 READS
news
Can you rent a building to yourself?
You can rent to yourself but the benefits of doing so may depend on what your entity structure looks like. Additionally, you will need to understand the “...
Aug 02, 2026 • 1 READS
updates
Do casinos Issue 1099s?
Casinos usually don’t issue 1099s for cashback, even if you collect a large amount at one time. However, a very few casinos do issue a 1099 if it’s more t...
Aug 02, 2026 • 1 READS
updates
Do you have to pay tax on digital downloads?
California – Digital products are tax exempt in California. The “sale of electronic data products such as software, data, digital books (eBooks), mobile a...
Aug 02, 2026 • 1 READS
general
When a non spouse is the sole beneficiary of IRA?
Non-spouse beneficiaries cannot roll the inherited IRA into their own IRA, nor can they contribute to an inherited IRA. After January 1, 2020, most non-sp...
Aug 02, 2026 • 1 READS
general
When a trustee dies does the trust become irrevocable?
A revocable trust becomes irrevocable at the death of the person that created the trust. Typically, this person is the trustor, the trustee, and the initi...
Aug 02, 2026 • 0 READS
general
How do I pay back taxes without penalty?
Here are some of the most common options for people who owe and can’t pay. Set up an installment agreement with the IRS. Request a short-term extension to...
Aug 02, 2026 • 1 READS
news
Do you have to pay taxes for a seasonal job?
However, seasonal hires are subject to federal and state income taxes, just like any other worker. Unless the employee is an independent contractor, you m...
Aug 01, 2026 • 1 READS
general
What is passthrough deduction?
The pass-through deduction is a personal deduction you may take on your Form 1040 whether or not you itemize. It is not an “above the line” deduction on t...
Aug 01, 2026 • 1 READS
