updates

What if there is no date acquired on 1099 B?

The Form 1099-B you receive may only report the date of the sale and the sales proceeds amount. If it does not report the date acquired or cost basis, you...

Jul 29, 2026 • 1 READS

updates

How long does it take for FICA tax refund?

How long will it take to get my FICA tax refund? It will generally take at least 12 weeks for the IRS to process your Social Security and Medicare tax ref...

Jul 28, 2026 • 1 READS

updates

Are there any new tax deductions for 2018?

Under the new tax law, her personal deduction is zero in 2018 and her standard deduction is $12,000. In this example, the single taxpayer has a larger ded...

Jul 28, 2026 • 1 READS

updates

What happens if I claim my child on another tax return?

You would then need to file a return on paper, claiming the child as appropriate. The IRS will process your return and send you your refund, in the normal...

Jul 28, 2026 • 1 READS

updates

How do I report MISC income from taxes?

When you file taxes, you’ll list your miscellaneous income on a Form 1040 Schedule C, Profit and Loss from Business. Add smaller payments to money that wa...

Jul 28, 2026 • 1 READS

updates

Can you be a dual US and Irish citizen?

Yes, owning two passports is legal in most countries, including Ireland & the United States. However it depends on the country. Dual citizenship has a...

Jul 28, 2026 • 1 READS

updates

Are you engaged in gambling activities as a trade or business?

Groetzinger, 480 U.S. 23 (1987), the Supreme Court held that determining whether a taxpayer is engaged in a trade or business “requires an examination of ...

Jul 28, 2026 • 1 READS

updates

When do non spouses have to withdraw money from Ira?

The “stretch IRA” provision has generally been eliminated for non-spousal IRAs. For IRAs inherited from original owners who have passed away on or after J...

Jul 28, 2026 • 1 READS

updates

How much do nail techs pay in taxes?

For an individual filer in this tax bracket, you would have an estimated average federal tax in 2018 of 12% and an added California state tax of 4%. After...

Jul 28, 2026 • 0 READS

updates

How to form a limited liability company in Massachusetts?

(Information on forming an LLC is free; additional paid services available.) “To form an SMLLC in Massachusetts, here’s everything you need to know.” Lear...

Jul 28, 2026 • 1 READS