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What are capital improvements to a property?

A capital improvement is the addition of a permanent structural change or the restoration of some aspect of a property that will either enhance the proper...

Jul 07, 2026 • 0 READS

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How many tax rates were there for 2017?

Taxpayers for 2017 fall into one of seven brackets, depending on their taxable income: 10%, 15%, 25%, 28%, 33%, 35% or 39.6%. Because the U.S. tax system ...

Jul 07, 2026 • 1 READS

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Does S Corp pay unemployment tax?

Every S corporation must pay the federal unemployment insurance (FUTA) for you, its employee. This is a maximum $420 tax. Some states require payment of s...

Jul 07, 2026 • 1 READS

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When to file an injured spouse Allocation form?

The Injured Spouse Allocation Form should only be filed with your joint tax return or your joint amended tax return if you are seeking a joint tax refund ...

Jul 07, 2026 • 1 READS

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Can citizens of Puerto Rico work in the US?

Puerto Ricans have the exact same passport as every other US citizen, except where it says “place of birth”, it says “Puerto Rico, USA”. Puerto Ricans (an...

Jul 07, 2026 • 0 READS

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When do you need an accountant to file your taxes?

Failing to Pay your Taxes in the Past: If you have not filed your taxes in the past, then you should reach out to a professional for help. A tax accountan...

Jul 07, 2026 • 1 READS

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Do you have to file a 1099 when selling real estate?

When real estate is sold, the seller is often subject to a capital gains tax. A 1099-S can also be used to report income made on rental property or invest...

Jul 07, 2026 • 1 READS

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What is a non construction contractor?

Non-Construction Contracts means any written agreement, and amendment(s) thereto, where the recipient is committed to expend or does expend funds in retur...

Jul 07, 2026 • 1 READS

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Is Social Security taken out of dividends?

Pension payments, annuities, and the interest or dividends from your savings and investments are not earnings for Social Security purposes. You may need t...

Jul 07, 2026 • 0 READS

general

What info do you need to sign up for Medicare?

What do you need to bring when applying for Medicare? Birth certificate. Proof of U.S. citizenship or legal residency. Your Social Security card (if alrea...

Jul 07, 2026 • 1 READS