updates

Is 15% a good EBITDA?

1 EBITDA measures a firm’s overall financial performance, while EV determines the firm’s total value. 2020, the average EV/EBITDA for the S&P 500 was...

Jul 24, 2026 • 1 READS

updates

Can I deduct unreimbursed partnership expenses?

You can deduct unreimbursed partnership expenses (UPE) if you were required to pay partnership expenses personally under the partnership agreement. You ca...

Jul 24, 2026 • 1 READS

updates

What does a tax credit reduce?

A tax credit is a dollar-for-dollar reduction of the income tax you owe. Tax credits reduce the amount of income tax you owe to the federal and state gove...

Jul 23, 2026 • 1 READS

updates

How do I activate my TurboTax account?

Go to activate.turbotax.com to sign in or create an account, and then enter your activation code (even if you’ve already started your taxes for tax year 2...

Jul 23, 2026 • 1 READS

updates

How do you divorce an estranged spouse?

If you do not know where your estranged spouse is, you can still file your petition for divorce after making an effort to locate him or her. You will need...

Jul 23, 2026 • 1 READS

updates

Is a nonprofit corporation 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 23, 2026 • 1 READS

updates

How long are Montana tax refunds taking?

The Montana Department of Revenue says that if you file your return in January, it may process your refund within a week. However, you may wait up to eigh...

Jul 23, 2026 • 1 READS

updates

When can you claim 4th self employed grant?

This guidance has been updated with information about the fifth SEISS grant. Claims for the fourth grant have now closed. The last date for making a claim...

Jul 23, 2026 • 0 READS

updates

Can I claim my 18 year old son on my taxes if he works?

Yes, a child under age 19 or a full time student under age 24 can still be claimed as a dependent regardless of the amount of income she has. Can you clai...

Jul 23, 2026 • 1 READS

updates

Are there any exceptions to selling your home for medical reasons?

This exception would apply if you started a new job or if your current employer required you to move to a new location. If you’re selling your house for m...

Jul 23, 2026 • 1 READS