What does the standard deduction do when filing taxes?
The standard tax deduction is a flat amount that the tax system lets you deduct, no questions asked. Tax deductions allow individuals and companies to sub...
Category: Updates
How does a tax lien work on a property?
How Tax Liens Work. In the Tax Lien States, when a property becomes delinquent for non-payment of property taxes, the county will sell a “tax lien certifi...
Why is my import duty so high?
Welcome to Canada, where everything costs 15-25% more expensive than same product south of the border in the US. Well, that is because Government of Canad...
Where can I find out if my state tax return was received?
To see if your state tax return was received, you can check with your state’s revenue or taxation website. There, you can find out whether your refund is ...
How do I change the percentage of ownership in an LLC in Texas?
File a certificate of amendment with the Texas Secretary of State’s office to reflect changes in LLC membership. Download the certificate from the SOS web...
Do I need to get a new W9 every year?
After they are completed, your vendors’, freelancers’ and contractors’ W-9 forms do not expire. However, the IRS requires them to be replaced when specifi...
Can you run a business out of a home you rent?
Is it legal for a tenant to run a business from a rental property? Yes and no. The type of business being conducted, zoning laws and regulations, or expli...
Does FaceTime audio have a time limit?
FaceTime usually stops around 12-13 hours . What is the age limit for FaceTime? 13 Kids under the age of 13 should be supervised when using the app and yo...
What is a foreign assessment?
Comprehensive tax-based assessment method. Foreign-sourced income is the difference between total (pre-tax) foreign income and the deductions that would b...
Is a relocation bonus taxable income?
The short answer is “yes”. Relocation expenses for employees paid by an employer (aside from BVO/GBO homesale programs) are all considered taxable income ...
