general

What schedule do I use for 1099-MISC?

Schedule C When you receive a 1099-MISC with income in Box 7 that is for nonemployee compensation, the IRS requires that this income be reported on a Sche...

Jul 17, 2026 • 1 READS

general

Can I move my business?

If you have an existing business and you want to move that business to your home, you will need to notify your locality that you intend to work from your ...

Jul 17, 2026 • 1 READS

general

What can you do with an irrevocable trust?

At its most basic level, Asset Protection and Estate Planning with an Irrevocable Trust stems from this fact: if properly drafted a person can give assets...

Jul 17, 2026 • 0 READS

general

What is the 14 year rule for IHT?

This is often referred to as ‘the 14 year rule’. The tax on gifts in the seven years before death must be recalculated at the death rate of 40%. Any charg...

Jul 17, 2026 • 1 READS

general

Do officer wages count for 199A?

For purposes of Sec. 199A, this includes officers of an S corporation and common law employees. Wages paid to statutory employees (on Forms W-2, Wage and ...

Jul 17, 2026 • 1 READS

general

Are investment advisory fees deductible for net investment income tax?

The recent tax overhaul has repealed the deduction for investment-advisory fees and effectively will eliminate your ability to deduct them. This will effe...

Jul 17, 2026 • 0 READS

general

Can a lender cancel a refinance after closing?

The lender has no right of rescission. Once you have signed loan documents, you have entered into a binding contract, and the lender is legally bound to h...

Jul 17, 2026 • 1 READS

general

How do I report an employer contribution to a Solo 401k?

For pass-through businesses, the employee and employer portion of the Solo 401k contribution is reported on line 15 of Schedule 1. There is a direct conne...

Jul 17, 2026 • 1 READS

general

Are small businesses closed in California?

According to data compiled by the San Francisco Chamber of Commerce, 48% of the city’s small businesses remain closed. That’s worse than New York where 41...

Jul 17, 2026 • 1 READS

general

What is W-2 Box 14 RSU?

w2 box 14 The company paid tax for RSU restricted stock units. It is important that Turbotax allows to enter RSU and the amount in box 14. RSU must appear...

Jul 17, 2026 • 1 READS