news
Do I have to issue 1099 to housekeeper?
You don’t need to issue a form 1099 for any services that was for personal use. You don’t need to issue your housekeeper a form 1099. Your business must f...
Jul 07, 2026 • 0 READS
Browsing Category
News
news
When was the child tax credit established?
1997 The child tax credit is a federal benefit that reduces income tax liability for people with children. It was created in 1997 and since then has expan...
Jul 07, 2026 • 1 READS
news
Can home equity be stolen?
Home equity fraud can occur in any number of ways. Home equity fraud can also be committed by lenders when a homeowner is behind on her mortgage payments....
Jul 07, 2026 • 1 READS
news
Who is likely to receive a K-1 form?
A K-1 is a tax form distributed by many partnerships, S-Corps, estates, and trusts. If you are a general or limited partner of a partnership, a shareholde...
Jul 07, 2026 • 1 READS
news
How much damage does divorce do to kids?
Behavior Problems Children from divorced families may experience more externalizing problems, such as conduct disorders, delinquency, and impulsive behavi...
Jul 07, 2026 • 1 READS
news
What does it mean to defer tax return?
Tax deferral is when taxpayers delay paying taxes to some point in the future. Some taxes can be deferred indefinitely, while others may be taxed at a low...
Jul 07, 2026 • 1 READS
news
How do I recover a lost 1040?
To order by phone, call 800-908-9946 and follow the prompts in the recorded message. To request a 1040, 1040A or 1040EZ tax return transcript through the ...
Jul 07, 2026 • 1 READS
news
What is the minimum amount required to report in 1099-MISC form?
$600 1099-MISC. The “general rule” is that business owners must issue a Form 1099-NEC to each person to whom they have paid at least $600 in rents, servic...
Jul 07, 2026 • 0 READS
news
How can I add taxes owed to current installment plan?
When your return is processed and it shows you owe additional taxes, the IRS will default your payment arrangement and send you a notice. You can then cal...
Jul 07, 2026 • 1 READS
news
Is a pension lump sum taxable?
You can usually take up to 25% of the amount built up in any pension as a tax-free lump sum. The tax-free lump sum doesn’t affect your Personal Allowance....
Jul 07, 2026 • 0 READS
