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When should you consider an LLC?

If you have business partners or employees, an LLC protects you from personal liability for your co-owners’ or employees’ actions. An LLC gives you a stru...

Jul 12, 2026 • 1 READS

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How much is self-employment tax for independent contractor?

The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% f...

Jul 12, 2026 • 1 READS

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What is income received from a limited partnership?

Limited partnerships do not pay income tax. Instead, they will “pass through” any profits or losses to partners. Each partner will include their share of ...

Jul 12, 2026 • 1 READS

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Does husband get pension if wife dies?

(i) Family Pension is payable to widow or widower up to the date of death or re-marriage, whichever is earlier. (ii) Family pension will continue to be pa...

Jul 12, 2026 • 1 READS

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How does the residential energy credit work?

Installing renewable energy equipment in your home can qualify you for a credit of up to 30% of your total cost. The percentage you can claim depends on w...

Jul 12, 2026 • 0 READS

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Is income from farming considered earned income?

Earned income includes all the taxable income and wages you get from working for someone else, yourself or from a business or farm you own. How do you dep...

Jul 12, 2026 • 1 READS

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Does a foreign disregarded entity need an EIN?

Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. A single-member LLC that is a disregarded entity that does not ...

Jul 12, 2026 • 1 READS

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How much does it cost to have a child in daycare?

Depending on your location and the center you choose, prices could exceed $1,500 a month per child for full-time care. Yes, you read that correctly. Once ...

Jul 12, 2026 • 1 READS

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Which immigrants are eligible for Medicaid?

You may be eligible as a qualified non-citizen if you are a: Lawful permanent resident (or green card holder), Immigrant paroled into the U.S. for at leas...

Jul 12, 2026 • 1 READS

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When to file for a tax refund if you owe 2016?

If you owe 2016 Taxes, file your tax return as soon as possible to reduce late filing fees and penalties. You can no longer claim a 2015 Tax Refund. Prepa...

Jul 12, 2026 • 1 READS