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How do you qualify for a 990-EZ?

In order to qualify to file Form 990-EZ, a nonprofit should have gross income of more than $50,000, but less than $200,000 during the past fiscal year. In...

Jul 26, 2026 • 1 READS

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Can a property be inherited jointly by siblings?

While inheritances are generally divided so that each beneficiary gets property they own outright, some pieces of property can be transferred so that sibl...

Jul 26, 2026 • 1 READS

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Do minors pay Social Security tax?

Under current law, wages paid to a child under age 18 are not subject to FICA taxes (Social Security and Medicare taxes). Both the FICA and FUTA tax exemp...

Jul 26, 2026 • 1 READS

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Why do I have to keep activating TurboTax?

Resolution. This error is caused by the internet connection being unable to establish a connection to our server for license activation. If they’re succes...

Jul 26, 2026 • 1 READS

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What Is self-employment tax 2018?

The self-employment tax rate is currently, approximately 15.3%. This rate consists of the two parts mentioned above. Medicare taxes are (2.9%) of earned i...

Jul 26, 2026 • 1 READS

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Are there any tax breaks for a widow?

I was widowed this year, and a friend told me she heard there are some tax breaks for widows. Can you help? Yes. As a widow, you may file a joint return f...

Jul 26, 2026 • 1 READS

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Who qualifies for EIC TurboTax?

Eligibility is limited to low-to-moderate income earners Taxpayers must file as individuals or married filing jointly. If married, you, your spouse and yo...

Jul 26, 2026 • 1 READS

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Do I have to report mutual funds on my taxes?

Generally, yes, taxes must be paid on mutual fund earnings, also referred to as gains. Whenever you profit from the sale or exchange of mutual fund shares...

Jul 25, 2026 • 1 READS

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Do LLCS get 1098?

To be eligible to claim the AOTC or LLC, the law requires a taxpayer (or a dependent) to have received Form 1098-T, Tuition Statement PDF, from an eligibl...

Jul 25, 2026 • 1 READS

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How are mutual fund distributions reported?

The funds report distributions to shareholders on IRS Form 1099-DIV after the end of each calendar year. For any time during the year you bought or sold s...

Jul 25, 2026 • 1 READS