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Is 401k required in California?

While enrolling in CalSavers is NOT mandatory, all employers in the state with at least five W-2 employees MUST offer a qualified retirement savings plan*...

Jul 18, 2026 • 1 READS

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Do you have to pay state taxes on an annuity?

Do you pay taxes on annuities? You do not owe income taxes on your annuity until you withdraw money or begin receiving payments. Upon a withdrawal, the mo...

Jul 18, 2026 • 1 READS

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Can you capitalize tenant improvements?

Under IRC Sec. 263(a), Capital Expenditures, if a lessee makes a leasehold improvement that isn’t a substitute for rent, the lessee is generally required ...

Jul 18, 2026 • 1 READS

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How much does it cost to build an artist studio?

“A home studio, or a project studio can cost anywhere from three or four hundred dollars up to, you know, 10, 20, $30,000 to build. A professional studio ...

Jul 18, 2026 • 1 READS

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How does gift tax exclusion work?

The annual federal gift tax exclusion allows you to give away up to $15,000 in 2020 to as many people as you wish without those gifts counting against you...

Jul 18, 2026 • 1 READS

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What does refund on return mean?

in the context of shopping, refund means getting money back when you bring back the goods. Return means you bring back the goods, but not necessary for mo...

Jul 18, 2026 • 1 READS

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Can S Corp take 199A deduction?

A1. Section 199A of the Internal Revenue Code provides many owners of sole proprietorships, partnerships, S corporations and some trusts and estates, a de...

Jul 18, 2026 • 1 READS

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How do I know if my 1099-R is pension or IRA?

Look for the unnumbered box to the right of Box 7 Distribution Codes. The box is labeled IRA/SEP/SIMPLE. Examine the IRA/SEP/SIMPLE box to see if it is ma...

Jul 18, 2026 • 1 READS

general

Did Shane ever finish his house on Alaska the last frontier?

Shane & Kelli Kilcher of the Discovery series Alaska: The Last Frontier have built a beautiful cordwood cabin on their land near Homer, Alaska. They u...

Jul 18, 2026 • 1 READS

general

How much do camera lenses depreciate?

bodies 25% a year; flashes and accessories 20% a year; lenses 10% a year. How do you calculate depreciation on a camera? A camera released 5 years ago at ...

Jul 18, 2026 • 1 READS