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Are 401k hardship withdrawals subject to penalty?

A hardship withdrawal is a taxable event, so you will have a mandatory 20 percent withholding tax taken out of the check. You may end up owing more, depen...

Jun 25, 2026 • 1 READS

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How does payroll work for S corp?

Your S corp and you as an employee will each pay 7.65% of your salary in taxes for Social Security and Medicare payroll taxes. For example, if your salary...

Jun 25, 2026 • 1 READS

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Can you be a contractor and a subcontractor?

Subcontractors can be anything from an individual self-employed person – eg a plumber carrying out work for a building contractor – to a large national or...

Jun 25, 2026 • 0 READS

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Is advertising and marketing tax deductible?

According to the IRS, yes, marketing expenses are tax deductible . The government allows you to deduct expenses that help you bring in new customers and k...

Jun 25, 2026 • 1 READS

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When to send a thanks letter for payment?

If you want to send thanksgiving to the payee then you can use the letter for thanking the payment and confirming the receipt to the client, customer, bus...

Jun 25, 2026 • 0 READS

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How do I get clients to sell insurance?

Here are five top methods to attract new clients. Find your niche. Insurance agents often want to be all things to all people, but niche marketing may be ...

Jun 25, 2026 • 1 READS

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Can SSI stimulus be garnished?

Your SSDI and Social Security retirement benefits can also be garnished for child support. The CARES Act specifically says that Economic Impact Payments (...

Jun 25, 2026 • 1 READS

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What stores went out of business in 2017?

15 Retailers That Went Bankrupt in 2017 Toys ‘R’ Us. Radio Shack. Hh gregg. Gymboree. The Limited. Wet Seal. Payless ShoeSource. BCBG Max Azria. What reta...

Jun 25, 2026 • 1 READS

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How long must stock be held for capital gains?

one year You must own a stock for over one year for it to be considered a long-term capital gain. If you buy a stock on March 3, 2009, and sell it on Marc...

Jun 25, 2026 • 1 READS

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Where does the VA disability money come from?

VA Disability is funded by a specific VA budget for the Veterans Administration rather than taxes paid by military personnel. Is VA disability a source of...

Jun 25, 2026 • 1 READS