updates

Do people take out loans to invest in stocks?

A traditional lender such as a bank will not give you a loan so you can use the money to invest in the stock market. The stock brokerage industry, working...

Jul 06, 2026 • 0 READS

updates

Is Tax Day extended this year?

Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. The dea...

Jul 06, 2026 • 1 READS

updates

Are S Corporation 1099 reportable payments?

You are not required to send a 1099-MISC form to a corporation. This rule includes both C corporations and S corporations. An easy way to remember the IRS...

Jul 06, 2026 • 1 READS

updates

What do you do if your deceased father owes back taxes?

MY DECEASED FATHER OWES BACK TAXES! So you suffered the loss of your dad last year, and you are filing his taxes this year and uh-oh! You find out that he...

Jul 06, 2026 • 1 READS

updates

How does the IRS define family member?

A member of the family includes any spouse, ancestors, children, grandchildren, great grandchildren, and spouses of children, grandchildren, and great gra...

Jul 06, 2026 • 1 READS

updates

How do I get my paper statement from Citibank?

Getting a Paper Copy of a Statement or a Notice You can print your statement or a notice, save it to a file on your computer, or call the number on your s...

Jul 06, 2026 • 1 READS

updates

What is the criteria to claim a dependent?

The dependent must be one of these: Under age 19 and younger than you (or your spouse if married filing jointly) Under age 24, a full-time student, and yo...

Jul 06, 2026 • 1 READS

updates

How much interest expense is deductible for corporations?

Business Interest Expense Deduction Before 2018, taxpayers were able to deduct business interest with some rare exceptions. With the Tax Cuts and Jobs Act...

Jul 06, 2026 • 1 READS

updates

Why is QuickBooks not withholding federal taxes?

Here are the possible reasons QuickBooks aren’t calculating federal taxes properly: Total annual salary exceeds the salary limit. The gross wages of the e...

Jul 06, 2026 • 1 READS

updates

Is a non-profit automatically a 501c3?

Actually, no! These terms are often used interchangeably, but they all mean different things. Nonprofit means the entity, usually a corporation, is organi...

Jul 06, 2026 • 0 READS