news

Is renting out a house a good investment?

Owning a rental property in addition to your primary residence can be a way for you to build wealth, especially if you may be averse to investing in the s...

Jul 20, 2026 • 1 READS

news

Why did my refund go down when I added 1098-T?

Two possibilities: Grants and /or scholarships are taxable income to the extent that they exceed qualified educational expenses to include tuition, fees, ...

Jul 20, 2026 • 1 READS

news

Do S corp owners pay Social Security?

The big benefit of S-corp taxation is that S-corporation shareholders do not have to pay self-employment tax on their share of the business’s profits. Thi...

Jul 20, 2026 • 1 READS

news

Why is a corporation taxed separately from individuals?

Because a corporation is a separate legal entity from its owners, the company itself is taxed on all profits that it cannot deduct as business expenses. W...

Jul 20, 2026 • 1 READS

news

What does tax RFD mean?

That would be your California refund only. The deposit stands for Franchise Tax Board California State Tax Refund. This would NOT include your Federal ref...

Jul 20, 2026 • 0 READS

news

Can you be employed and pay your own tax?

You pay tax on your self-employed profits at the same time as you pay tax on all of your other income for a tax year under Self Assessment. Remember you p...

Jul 19, 2026 • 1 READS

news

What happens if I inherit my parents house?

What this means is, you may be able to sell the house and collect tax-free profits based on its current value – not what your parents paid many years ago....

Jul 19, 2026 • 1 READS

news

Can interest be reported on 1099-MISC?

Interest paid that must be reported on a 1099-INT will include interest on bank deposits, accumulated dividends paid by a life insurance company, indebted...

Jul 19, 2026 • 1 READS

news

What is personal virtual assistant?

A virtual assistant is a self-employed worker who specializes in offering administrative services to clients from a remote location, usually a home office...

Jul 19, 2026 • 1 READS

news

What happens if a company refuses to provide a 1099?

A company must issue you a Form 1099-MISC to document the expenditure. If they fail to give you a 1099-MISC by the IRS deadline, which is usually in mid t...

Jul 19, 2026 • 1 READS