Are employers required to send 1095-C?
Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is a mandatory form that applicable large employers (ALEs) must file. Applicable large...
Category: Updates
What to do if you receive a 1099-C?
If you receive a 1099-C for a debt you were not aware was discharged, clarify the status of the debt with the creditor. If they are following the old rule...
Can you be a sole proprietor without an EIN?
A sole proprietor without employees and who doesn’t file any excise or pension plan tax returns doesn’t need an EIN (but can get one). In this instance, t...
When was the first home owner Grant introduced?
General Information. The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. How much do...
Why is Turbo Tax taking so long?
Some tax returns take longer than others to process depending on your tax situation. Some of the reasons it may take longer include incomplete information...
What is the recently passed SECURE Act?
As part of a larger government spending package signed into law on December 20, 2019, Congress included provisions from the Setting Every Community Up for...
Is TurboTax free for Social Security?
Yes, the Free edition supports Form 1040A so that you can use the Free edition to enter Social Security benefits paid from a Form SSA-1099. And pension in...
What happens if a company pays you after you quit?
Under federal law, your employer does not have to give you your final paycheck right after you quit. In most states, an employer must give departing emplo...
Is third party sick pay on a W-2 taxable?
Third-party sick pay reported in box 12 with Code J is not taxable. (Additionally, a return containing a W-2 with $0 in box 1 will reject if e-filed.) Thi...
Can a limited partnership invest in commercial real estate?
Limited partnerships, on the other hand, have targets, but they are not compulsory. One of the best ways to break into the commercial real estate world is...
