updates
Do I have to file Schedule C if no income?
During a year with no income and no expenses, you generally don’t need to file Schedule C. If you have no income but did have expenses, you may be eligibl...
Jun 28, 2026 • 1 READS
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Updates
updates
Does it make sense to have two IRAs?
Key Takeaways: There is no limit to the number of traditional individual retirement accounts, or IRAs, that you can establish. However, if you establish m...
Jun 28, 2026 • 1 READS
updates
Do I have to file taxes for side jobs?
Income from freelancing, running your own small business, or working at a second job brings in extra income without requiring you to quit your day job. Bu...
Jun 28, 2026 • 1 READS
updates
Can mortgage insurance premiums be deducted on Schedule A?
Yes, through tax year 2020, private mortgage insurance (PMI) premiums are deductible as part of the mortgage interest deduction. What is a qualified mortg...
Jun 28, 2026 • 0 READS
updates
How do I claim my childs tuition tax credit?
Your child can claim a federal and provincial tax credit for the tuition amount. To claim the tax credit, they must file their income taxes and complete b...
Jun 28, 2026 • 0 READS
updates
When to file a FBAR for a foreign bank account?
A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of...
Jun 28, 2026 • 1 READS
updates
Can my IRA own my business?
In fact, you can invest your IRA assets in nearly anything you can conceive, as long as it is not expressly prohibited by law. You can also use a Roth IRA...
Jun 28, 2026 • 1 READS
updates
Are landlords responsible for tenants debts?
Are Landlords Responsible For Unpaid Utility Bills? Not usually. As long as it is the tenant’s name on the bill, and it is stated in the tenancy agreement...
Jun 28, 2026 • 1 READS
updates
When did Hurricane Florence hit in North Carolina?
NORTH CAROLINA — Victims of Hurricane Florence that took place beginning on Sept. 7, 2018 in North Carolina may qualify for tax relief from the Internal R...
Jun 28, 2026 • 1 READS
updates
Has anyone tried living in a storage unit?
For starters, living in a storage unit is unsafe. In 2019, a man was found dead inside a storage unit when the facility caught on fire. In another instanc...
Jun 28, 2026 • 1 READS
