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What happens if my spouse does not pay the IRS?

If you’re married filing jointly and your spouse doesn’t pay the IRS, then you could be on the hook unless you take these steps. Free Debt Analysis Contac...

Jul 19, 2026 • 1 READS

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Can children collect parents SSI?

When you start receiving Social Security retirement or disability benefits, your family members also may be eligible for payments. If you are a parent, ca...

Jul 19, 2026 • 1 READS

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Who will take care of me when my parents die?

A legal guardian, or conservator, is an adult who has the legal authority to care for a child should the natural parents die before the child reaches adul...

Jul 19, 2026 • 1 READS

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Can I elect to be taxed as an S Corp?

However, an LLC can elect to be treated as an association taxable as a corporation by filing Form 8832, Entity Classification Election. And, once it has e...

Jul 19, 2026 • 1 READS

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How to report sale of real estate property to the IRS?

If you receive a Form 1099-S, you must report the sale to the IRS regardless of your gain exclusion. You’ll need to attach the form to your Form 1040, and...

Jul 19, 2026 • 1 READS

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What makes a bad balance sheet?

There are numerous reasons why a business might not have a strong balance sheet – poor financial performance, taking on unserviceable debt, stripping too ...

Jul 19, 2026 • 1 READS

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How do you calculate gross bonus from net?

How to Gross-Up a Payment Determine total tax rate by adding the federal and state tax percentages. Subtract the total tax percentage from 100 percent to ...

Jul 19, 2026 • 1 READS

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Do tax credits impact tax basis?

Tax credits do not decrease the amount of taxable income, like deductions, but instead decrease the amount of tax owed dollar-for-dollar. Credits do not a...

Jul 19, 2026 • 1 READS

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How do I file IRS Form 433-D?

There are two ways to submit the form: Electronically. There’s not a way to submit this form electronically, but you can view and pay your balance by goin...

Jul 19, 2026 • 1 READS

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What is an S Corp basis schedule?

Unlike a C corporation, each year a shareholder’s stock and/or debt basis of an S corporation increases or decreases based upon the S corporation’s operat...

Jul 19, 2026 • 1 READS