https://blog.tonsmann.netBright celeb buzz with polished internet shine.en-usThu, 13 Aug 2026 08:30:54 -0400https://blog.tonsmann.net/can-you-contribute-directly-to-a-rollover-ira.htmlhttps://blog.tonsmann.net/can-you-contribute-directly-to-a-rollover-ira.htmlContribute to a Rollover IRA If you continue working, you can contribute to your rollover IRA within IRA contribution limits. For 2019, you can contribute up to $6,000 annually, as long as you earned that much in income. Can I contribute to a rollover IRA Vanguard? Once I roll over my retirement pla...Thu, 13 Aug 2026 12:27:20 -0400https://blog.tonsmann.net/can-you-carry-back-real-estate-losses.htmlhttps://blog.tonsmann.net/can-you-carry-back-real-estate-losses.htmlIf you’re not able to deduct your rental losses, the IRS allows you to carry the losses forward into future tax years to deduct against future rental profits. These losses can be carried forward indefinitely. How do real estate losses carry over? If you have a loss to carry over, you also fill out F...Thu, 13 Aug 2026 12:05:42 -0400https://blog.tonsmann.net/do-you-legally-have-to-pay-for-your-child.htmlhttps://blog.tonsmann.net/do-you-legally-have-to-pay-for-your-child.htmlParents have a legal responsibility to provide financially for their children even if they no longer live with them. Non-resident parent /paying parent – The parent who does not have day-to-day care of the child and pays child maintenance to the resident/receiving parent. Do I have to pay child main...Thu, 13 Aug 2026 11:28:19 -0400https://blog.tonsmann.net/which-bank-has-a-euro-account.htmlhttps://blog.tonsmann.net/which-bank-has-a-euro-account.htmlStarling Bank Euro The Starling Bank Euro account is perfect for those who only need to bank in two currencies; those currencies being euros and pounds. Can I get a Euro bank account in the UK? You’ll need a sterling current account with us to open a Euro Account. See our alternative accounts if you...Thu, 13 Aug 2026 11:00:19 -0400https://blog.tonsmann.net/can-i-give-30000-as-a-gift.htmlhttps://blog.tonsmann.net/can-i-give-30000-as-a-gift.htmlAnnual exemption You can give away a total of £3,000 worth of gifts each tax year without them being added to the value of your estate. This is known as your ‘annual exemption’. You can give gifts or money up to £3,000 to one person or split the £3,000 between several people. Do I have to pay capita...Thu, 13 Aug 2026 10:32:47 -0400https://blog.tonsmann.net/how-do-taxes-work-if-i-live-in-nj-and-work-in-pa.htmlhttps://blog.tonsmann.net/how-do-taxes-work-if-i-live-in-nj-and-work-in-pa.htmlPA and NJ have tax reciprocity with regard to W-2 wages. If you lived in NJ the entire tax year, and worked in PA, your W-2 wages are not subject to PA taxes. For tax purposes, your PA wages are considered NJ income, and are fully taxable by NJ. Do I need to file PA state tax return if I live in NJ?...Thu, 13 Aug 2026 10:32:19 -0400https://blog.tonsmann.net/what-to-do-if-you-lost-your-2-step-verification-code.htmlhttps://blog.tonsmann.net/what-to-do-if-you-lost-your-2-step-verification-code.htmlEnter your username and password, then type the letters on the screen. Then go back to the application you’re trying to access and enter your App Password. If you lost the print-out of your backup codes, you can revoke them on your settings page. Click Show codes, then click Get new codes. What happ...Thu, 13 Aug 2026 10:28:44 -0400https://blog.tonsmann.net/what-do-i-bring-to-the-bank-to-open-a-business-account.htmlhttps://blog.tonsmann.net/what-do-i-bring-to-the-bank-to-open-a-business-account.htmlWhat You Need to Open a Business Bank Account Social Security Number or Employer Identification Number (EIN) Personal Identification. Business License. Certificate of Assumed Name. Partnership Agreement. Organizing Documents. Monthly Credit Card Revenue. How do you open up a business account? ...Thu, 13 Aug 2026 10:27:47 -0400https://blog.tonsmann.net/can-a-spouse-file-a-joint-tax-return-after-death.htmlhttps://blog.tonsmann.net/can-a-spouse-file-a-joint-tax-return-after-death.htmlIt is more complicated when the decedent is married and files jointly. When the surviving spouse files a joint return with the decedent for the year of his or her death, the full amount of carryovers can still be used in the year of death, even if they are used to offset income of the surviving spou...Thu, 13 Aug 2026 10:18:26 -0400https://blog.tonsmann.net/how-does-cash-out-refinance-affect-monthly-payments.htmlhttps://blog.tonsmann.net/how-does-cash-out-refinance-affect-monthly-payments.htmlWhen you get a cash-out refinance, you pay off your original mortgage and replace it with a new loan. This means your new loan may take longer to pay off, your monthly payments may be different or your interest rate may change. Be sure to look at the Closing Disclosure from your lender and analyze y...Thu, 13 Aug 2026 09:40:27 -0400https://blog.tonsmann.net/can-you-get-into-grad-school-with-work-experience.htmlhttps://blog.tonsmann.net/can-you-get-into-grad-school-with-work-experience.htmlMost graduate schools take a holistic approach to applicants, looking at both academics and other factors. When applying, focus on your strengths but don’t neglect to address your weaknesses. Solid work experience may help offset a less-than-spectacular GPA. How do I get into grad school after work?...Thu, 13 Aug 2026 09:34:06 -0400https://blog.tonsmann.net/when-do-you-need-to-fill-out-a-w-4-with-two-jobs.htmlhttps://blog.tonsmann.net/when-do-you-need-to-fill-out-a-w-4-with-two-jobs.htmlThe worksheets on the W-4 will help you estimate your tax liability when you have multiple jobs. It is only necessary to calculate estimated tax liabilities for the extra income if the combined income from your two jobs exceeds $40,000 as of the current year. What do I need to fill out for multiple ...Thu, 13 Aug 2026 09:27:27 -0400https://blog.tonsmann.net/what-are-the-new-laws-for-2021-for-california.htmlhttps://blog.tonsmann.net/what-are-the-new-laws-for-2021-for-california.htmlHere a few of the new laws taking effect in 2021 in California: Demilitarizing police uniforms. In case you need another reason not to text and drive. Diversifying executive boards. Hot car rules. Coronavirus exposure law. Minimum wage climbs up. A task force on reparations. Opportunities for...Thu, 13 Aug 2026 09:26:47 -0400https://blog.tonsmann.net/can-i-work-remotely-in-europe.htmlhttps://blog.tonsmann.net/can-i-work-remotely-in-europe.htmlThe COVID-19 pandemic has pushed companies to offer full-time remote work. This opened new opportunities for those who aspire to the digital nomad lifestyle. Several European countries are launching digital nomad visas to welcome foreign remote workers. Can I work remotely from another country Germa...Thu, 13 Aug 2026 08:57:55 -0400https://blog.tonsmann.net/do-i-have-to-pay-quarterly-taxes-if-i-am-retired.htmlhttps://blog.tonsmann.net/do-i-have-to-pay-quarterly-taxes-if-i-am-retired.htmlIf you have substantial income from investments, taxable retirement plan withdrawals or other sources from which you do not have income tax withheld, you probably need to make quarterly estimated payments to avoid penalties and interest. However, if your income is low you may owe little to no federa...Thu, 13 Aug 2026 08:57:08 -0400https://blog.tonsmann.net/do-you-get-a-tax-break-for-paying-alimony.htmlhttps://blog.tonsmann.net/do-you-get-a-tax-break-for-paying-alimony.htmlIn case of recurring payments of alimony: Alimony, in this case, is considered as a revenue receipt. Therefore, it is treated as income that is taxable in the hands of the recipient. Nevertheless, it needs to be noted that the person who makes the payment of alimony may not claim any sort of deducti...Thu, 13 Aug 2026 08:56:00 -0400https://blog.tonsmann.net/what-do-i-need-to-know-about-1099-forms.htmlhttps://blog.tonsmann.net/what-do-i-need-to-know-about-1099-forms.htmlA 1099 form shows you how much money you earned from a given client in a given year. This is what the IRS calls an information return. The IRS requires every client that paid you at least $600 to complete a 1099, sending a copy to you in the process. How do I declare income without a 1099? Reporting...Thu, 13 Aug 2026 08:54:57 -0400https://blog.tonsmann.net/what-is-the-max-simple-ira-contribution-for-2020.htmlhttps://blog.tonsmann.net/what-is-the-max-simple-ira-contribution-for-2020.html$13,500 Salary reduction contributions The amount an employee contributes from their salary to a SIMPLE IRA cannot exceed $13,500 in 2020 and 2021 ($13,000 in 2019 and $12,500 in 2015 – 2018). What is the annual Max for SIMPLE IRA? The annual employee contribution limit for a SIMPLE IRA is $13,500 f...Thu, 13 Aug 2026 08:46:28 -0400https://blog.tonsmann.net/what-is-an-accountable-reimbursement.htmlhttps://blog.tonsmann.net/what-is-an-accountable-reimbursement.htmlAccountable Plans A plan under which an employee is reimbursed for expenses or receives an allowance to cover expenses is an accountable plan only if the following conditions are satisfied: the reimbursement must be for an expense the employee could deduct on his/her tax return. What is an accountab...Thu, 13 Aug 2026 08:32:17 -0400https://blog.tonsmann.net/do-you-need-original-decree-absolute-to-remarry.htmlhttps://blog.tonsmann.net/do-you-need-original-decree-absolute-to-remarry.htmlDo I need a Decree Absolute before I remarry? Oh yes! If you plan to remarry you certainly need to ensure that your previous marriage was legally dissolved with a Decree Absolute. How do I get a copy of my divorce certificate in South Africa? Obtaining a divorce decree in South Africa You will need ...Thu, 13 Aug 2026 07:57:23 -0400https://blog.tonsmann.net/how-long-before-spouse-visa-expires-can-i-renew-uk.htmlhttps://blog.tonsmann.net/how-long-before-spouse-visa-expires-can-i-renew-uk.htmlHow soon can I apply for spouse visa extension/renewal? You can apply for spouse visa renewal any time within 28 days before completing 30 months residence in the UK on spouse visa OR before your spouse visa expires. How long can I stay outside UK on spouse visa 2021? When a person first applies for...Thu, 13 Aug 2026 07:41:56 -0400https://blog.tonsmann.net/do-you-issue-a-1099-for-legal-fees.htmlhttps://blog.tonsmann.net/do-you-issue-a-1099-for-legal-fees.htmlIf you pay $600 or more in legal fees to any law firm or other provider of legal services in the course of your trade or business, you must file a 1099-MISC and report the payment in Box 7. How do I report a 1099 s on my taxes? If you received a 1099-S because of the sale of your primary residence, ...Thu, 13 Aug 2026 07:14:54 -0400https://blog.tonsmann.net/can-i-change-my-withholding-for-a-bonus.htmlhttps://blog.tonsmann.net/can-i-change-my-withholding-for-a-bonus.htmlYou can file another Form W-4 after you receive your bonus, or at any time during the year when you need to change your withholding amount. Are bonuses subject to withholding? While bonuses are subject to income taxes, they don’t simply get added to your income and taxed at your top marginal tax rat...Thu, 13 Aug 2026 06:44:32 -0400https://blog.tonsmann.net/what-does-it-mean-to-be-a-1099-contractor.htmlhttps://blog.tonsmann.net/what-does-it-mean-to-be-a-1099-contractor.htmlA 1099 contractor, also known as an independent contractor, is a classification assigned to certain U.S. workers. The “1099” reference identifies the tax form that businesses must file with the Internal Revenue Service ( IRS ), and it relieves the employer from the responsibility of withholding taxe...Thu, 13 Aug 2026 06:37:38 -0400https://blog.tonsmann.net/is-there-a-limit-on-soft-money-contributions.htmlhttps://blog.tonsmann.net/is-there-a-limit-on-soft-money-contributions.htmlThere are no limits on soft money and some examples are donations for stickers, posters, and television and radio spots supporting a particular party platform or idea but not a concrete candidate. What is the maximum political contribution in Canada? As of 2017, the maximum yearly contribution limit...Thu, 13 Aug 2026 06:23:42 -0400https://blog.tonsmann.net/can-i-claim-a-tax-deduction-for-living-away-from-home.htmlhttps://blog.tonsmann.net/can-i-claim-a-tax-deduction-for-living-away-from-home.htmlA LAFHA paid to you is income tax-free and should not be included as assessable income in your tax return. Conversely, you cannot claim a deduction for expenses which have been covered by a LAFHA. However, your employer may be required to pay Fringe Benefits Tax on the value of the allowance or bene...Thu, 13 Aug 2026 06:13:14 -0400https://blog.tonsmann.net/can-you-reactivate-an-inactive-llc-in-florida.htmlhttps://blog.tonsmann.net/can-you-reactivate-an-inactive-llc-in-florida.htmlAfter a Florida LLC has been administratively dissolved, it can still be reinstated and regain its authority to conduct business in the state at any time after the date of dissolution. To reinstate a Florida LLC, you must file a Limited Liability Company Reinstatement with the Division of Corporatio...Thu, 13 Aug 2026 06:06:49 -0400https://blog.tonsmann.net/is-sales-tax-deductible-in-2019.htmlhttps://blog.tonsmann.net/is-sales-tax-deductible-in-2019.htmlOn your tax return, you can deduct the state and local general sales tax you paid during the year, or you can deduct the state and local income tax you paid during the year. You can’t do both. Can you claim sales tax as deduction? The Internal Revenue Service (IRS) permits you to write off either yo...Thu, 13 Aug 2026 05:42:17 -0400https://blog.tonsmann.net/can-you-withdraw-a-tax-court-petition.htmlhttps://blog.tonsmann.net/can-you-withdraw-a-tax-court-petition.html7 (Mar. 4, 2021), the Tax Court held that a Tax Court petition to review the denial of interest abatement can be withdrawn by the taxpayer without the Tax Court entering a decision in the IRS’s favor. How do I petition Tax Court? If you want to file a petition with the U.S. Tax Court You can downloa...Thu, 13 Aug 2026 05:05:49 -0400https://blog.tonsmann.net/how-much-can-i-gift-without-tax.htmlhttps://blog.tonsmann.net/how-much-can-i-gift-without-tax.html$15,000 The annual federal gift tax exclusion allows you to give away up to $15,000 in 2020 to as many people as you wish without those gifts counting against your $11.58 million lifetime exemption. (After 2020, the $15,000 exclusion may be increased for inflation.) How can I gift more than 15000? I...Thu, 13 Aug 2026 04:42:54 -0400https://blog.tonsmann.net/what-do-you-need-to-know-about-capital-gains-tax.htmlhttps://blog.tonsmann.net/what-do-you-need-to-know-about-capital-gains-tax.htmlFor example, many people buy items at antique stores and garage sales and then resell them in online auctions. Do this in a businesslike manner and with the intention of making a profit, and the IRS will view it as a business. The money you pay out for items is a business expense. The money you rece...Thu, 13 Aug 2026 04:02:20 -0400https://blog.tonsmann.net/what-is-the-maximum-for-ssi-disability.htmlhttps://blog.tonsmann.net/what-is-the-maximum-for-ssi-disability.html$910.72 per month Currently, for California residents, the maximum SSI payment is $910.72 per month for an eligible individual living independently and $1532.14 per month for an eligible couple. For individuals who are legally blind the monthly benefit is $967.23. Does SSDI reduce SSI? Social Securi...Thu, 13 Aug 2026 03:43:42 -0400https://blog.tonsmann.net/can-you-work-in-new-york-if-you-live-in-florida.htmlhttps://blog.tonsmann.net/can-you-work-in-new-york-if-you-live-in-florida.htmlIf you NEVER come to NY for work, and your employer can stipulate that your position is only available to be filled remotely, you will likely be covered. But there are a myriad of factors relating to this such as whether the employer reimburses you for your home office and whether you keep “business...Thu, 13 Aug 2026 03:22:42 -0400https://blog.tonsmann.net/when-do-you-need-to-file-a-1040-tax-return.htmlhttps://blog.tonsmann.net/when-do-you-need-to-file-a-1040-tax-return.htmlForm 1040 is used by citizens or residents of the United States to file an annual income tax return. Form 1040 is used by U.S. taxpayers to file an annual income tax return. Current Revision Form 1040 (PDF) How many years later can you file a tax return? If you are due a refund for withholding or es...Thu, 13 Aug 2026 03:14:21 -0400https://blog.tonsmann.net/do-i-have-to-pay-taxes-for-doordash.htmlhttps://blog.tonsmann.net/do-i-have-to-pay-taxes-for-doordash.htmlNo taxes are taken out of your Doordash paycheck. You will file your own taxes on Doordash (and other independent contractor work) income as a business owner. You’re taxed based on profit, not on the money you get from Doordash. The best ways to use this knowledge and prepare for taxes. How much do ...Thu, 13 Aug 2026 02:48:20 -0400https://blog.tonsmann.net/how-much-do-w-2-employees-get-taxed.htmlhttps://blog.tonsmann.net/how-much-do-w-2-employees-get-taxed.htmlAs a W2 employee, your employer pays 7.65% of your Medicare and Social Security taxes and you pay 7.65%. When you are paid by clients and file a form 1099 at tax-time, you’ll be required to pay the employers-share of these taxes, meaning that the full 15.3% comes out of each client payment you recei...Thu, 13 Aug 2026 02:40:24 -0400https://blog.tonsmann.net/how-much-does-it-cost-to-move-from-nyc-to-florida.htmlhttps://blog.tonsmann.net/how-much-does-it-cost-to-move-from-nyc-to-florida.htmlThe average cost of a move from New York City to Florida is anywhere from $3000-$6000. What company is moving from New York to Florida? What are the best New York to Florida movers? Company Price Storage Proud American Van Lines $$ Yes, free 30 days Safeway Moving $$ Yes, free 30 days JK Moving Serv...Thu, 13 Aug 2026 02:39:46 -0400https://blog.tonsmann.net/can-an-annuity-be-owned-jointly.htmlhttps://blog.tonsmann.net/can-an-annuity-be-owned-jointly.htmlJointly owned annuities are similar to annuities owned by a single person in that the death benefit is triggered by the death of one of the owners. This means that although the second owner is still alive, the annuity will pay out the death benefit to the beneficiary. What is spousal continuation of...Thu, 13 Aug 2026 02:12:53 -0400https://blog.tonsmann.net/what-are-my-rights-as-a-mother-in-massachusetts.htmlhttps://blog.tonsmann.net/what-are-my-rights-as-a-mother-in-massachusetts.htmlIn a never-married parenting situation, the child’s mother is granted legal and physical custody right away even if the father’s paternity has been formally recognized. A Probate and Family Court may order otherwise, and if so, the case will be evaluated. How do you prove a mother unfit in Massachus...Thu, 13 Aug 2026 02:03:20 -0400https://blog.tonsmann.net/do-professional-traders-use-cfds.htmlhttps://blog.tonsmann.net/do-professional-traders-use-cfds.htmlProfessional traders employed by investment banks or trading companies are able to utilise CFDs for speculation or hedging purposes. In this instance their ultimate goal is to gain from or hedge against the risk of, volatility of price movements in market instruments. Can you lose money on CFDs? 77%...Thu, 13 Aug 2026 01:52:21 -0400https://blog.tonsmann.net/what-happens-to-property-when-someone-dies-in-georgia.htmlhttps://blog.tonsmann.net/what-happens-to-property-when-someone-dies-in-georgia.htmlWhenever a Georgia landowner dies intestate, title to the deceased’s intestate property automatically passes (or “descends”) to his or her heirs by operation of law. An “heir” is a person that (i) is related to the deceased by blood or marriage, and (ii) is then living at the time of the deceased’s ...Thu, 13 Aug 2026 01:48:09 -0400https://blog.tonsmann.net/can-i-take-an-unpaid-leave-of-absence-from-work.htmlhttps://blog.tonsmann.net/can-i-take-an-unpaid-leave-of-absence-from-work.htmlAn unpaid leave of absence is used when the employee’s time off from work is not covered under an employer’s existing benefits such as sick leave, paid vacation, paid holidays, and paid time off. (Your boss is not required to pay you for those 12 weeks, however.) How does unpaid leave of absence wor...Thu, 13 Aug 2026 01:46:30 -0400https://blog.tonsmann.net/do-you-issue-a-1099-for-dues.htmlhttps://blog.tonsmann.net/do-you-issue-a-1099-for-dues.htmlIf the company you paid is an S Corp, C Corp, or tax-exempt entity like a not-for-profit, a 1099-MISC would not be required. That said, legal fees and medical services will always be reported using a 1099-MISC regardless of their entity structure. In that case, the third party will issue the 1099-MI...Thu, 13 Aug 2026 01:38:08 -0400https://blog.tonsmann.net/how-long-can-a-us-citizen-live-outside-the-us.htmlhttps://blog.tonsmann.net/how-long-can-a-us-citizen-live-outside-the-us.htmlInternational Travel U.S. Immigration law assumes that a person admitted to the United States as an immigrant will live in the United States permanently. Remaining outside the United States for more than 12 months may result in a loss of lawful permanent resident status. Can US citizens be deported?...Thu, 13 Aug 2026 00:57:36 -0400https://blog.tonsmann.net/who-fills-out-a-w9.htmlhttps://blog.tonsmann.net/who-fills-out-a-w9.htmlW-9 Form: Who Has to Fill It Out? W-9 forms are for self-employed workers like freelancers, independent contractors and consultants. You need to use it if you have earned over $600 in that year without being hired as an employee. Does 1099-MISC need to be reported? Since the IRS considers any 1099 p...Thu, 13 Aug 2026 00:50:42 -0400https://blog.tonsmann.net/what-can-you-do-if-a-parent-refuses-needed-care.htmlhttps://blog.tonsmann.net/what-can-you-do-if-a-parent-refuses-needed-care.htmlWhat to Do When Elderly Parents Refuse Help: 8 Communication Tips Understand their motivations. Accept the situation. Choose your battles. Don’t beat yourself up. Treat your aging parents like adults. Ask them to do it for the kids (or grandkids) Find an outlet for your feelings. Include them...Thu, 13 Aug 2026 00:20:51 -0400https://blog.tonsmann.net/can-you-edit-turbotax-after-filing.htmlhttps://blog.tonsmann.net/can-you-edit-turbotax-after-filing.htmlIf you used TurboTax Online, simply log in to your account and select “Amend a return that was filed and accepted.” If you used our CD/download product, sign back into your return and select “Amend a filed return.” You must file a separate Form 1040X for each tax return you are amending. How do I ch...Thu, 13 Aug 2026 00:17:04 -0400https://blog.tonsmann.net/what-type-of-corporation-is-best-for-rental-property.htmlhttps://blog.tonsmann.net/what-type-of-corporation-is-best-for-rental-property.htmlLimited Liability Company Limited Liability Company for Long Term Investors The Limited Liability Company (known as LLC) is the best entity for most real estate and mortgage investors who “buy and hold” their investments. When you buy and hold real estate it is considered a capital asset. Can my C C...Thu, 13 Aug 2026 00:06:23 -0400https://blog.tonsmann.net/when-to-send-out-form-1099-misc-to-independent-contractors.htmlhttps://blog.tonsmann.net/when-to-send-out-form-1099-misc-to-independent-contractors.htmlIRS Form 1099-MISC summarizes income from all non-employee compensation. It’s what independent contractors use to calculate and file taxes. You must send out a Form 1099-MISC to all contractors you’ve hired and paid more than $600 during the year; this includes any partnerships or LLCs you may have…...Wed, 12 Aug 2026 23:54:52 -0400https://blog.tonsmann.net/why-would-a-company-request-a-w9-from-another-company.htmlhttps://blog.tonsmann.net/why-would-a-company-request-a-w9-from-another-company.htmlThe W-9 Instructions The W-9 request letter goes out because the W-9 has other uses too. For one, it gives written confirmation of your business name and tax identification number so that the 1099-NEC will be accurate. You also use the W-9 to say whether you’re covered by the Foreign Account Tax Com...Wed, 12 Aug 2026 21:58:34 -0400https://blog.tonsmann.net/how-much-profit-do-property-management-companies-make.htmlhttps://blog.tonsmann.net/how-much-profit-do-property-management-companies-make.htmlNARPM did a survey that said 20 percent of the average property management company’s revenue is profit. If you are earning a total fee income per property of around $2,000 per year for one property, and your profit margin is 20 percent, it means you’re only earning $400 on that property. Do I need t...Wed, 12 Aug 2026 20:52:45 -0400https://blog.tonsmann.net/where-do-i-pay-my-quarterly-federal-tax.htmlhttps://blog.tonsmann.net/where-do-i-pay-my-quarterly-federal-tax.htmlThe quarterly federal estimated tax payments can be made online through Direct Pay, IRS-authorized payment processors, and EFTPS. Under federal law, all taxpayers must pay taxes gradually during the course of the tax year. If the income you earn isn’t subject to withholding, you must estimate tax yo...Wed, 12 Aug 2026 20:43:16 -0400https://blog.tonsmann.net/are-there-any-errors-on-state-tax-returns.htmlhttps://blog.tonsmann.net/are-there-any-errors-on-state-tax-returns.htmlFurthermore, the former preparer did not include an addition modification for bonus depreciation on the client’s state income tax return. Both errors resulted in a significant understatement of taxable income. Are there any mistakes you can fix on your tax return? Now is the time that taxpayers inev...Wed, 12 Aug 2026 20:22:51 -0400https://blog.tonsmann.net/do-i-need-to-close-my-books-in-quickbooks.htmlhttps://blog.tonsmann.net/do-i-need-to-close-my-books-in-quickbooks.htmlYou need to close your books. This will ensure that your data does not change and that your reports will agree with your tax return. Setting the close date in your QuickBooks QBO file is very simple. How do you clean up an accounting book? Follow this roadmap when closing the books to thoroughly aud...Wed, 12 Aug 2026 19:41:43 -0400https://blog.tonsmann.net/what-is-a-2290-schedule-1-form.htmlhttps://blog.tonsmann.net/what-is-a-2290-schedule-1-form.htmlForm 2290 Schedule 1 is proof of payment for heavy vehicle use tax that was paid by truckers to the IRS. Form 2290 must be filed with the IRS every year to report the HVUT payment made for the taxable vehicles and also to report the information about tax suspended vehicles. How do I get a copy of my...Wed, 12 Aug 2026 19:10:08 -0400https://blog.tonsmann.net/who-do-free-trade-agreements-benefit.htmlhttps://blog.tonsmann.net/who-do-free-trade-agreements-benefit.htmlFree trade leads to better jobs, new markets and increased investment. Free trade spreads values and beliefs as well as goods and services. Since international trade relies on traders keeping their agreements, countries and companies are more accountable to each other and therefore more stable. What...Wed, 12 Aug 2026 19:09:29 -0400https://blog.tonsmann.net/do-you-need-a-business-license-to-trade-forex.htmlhttps://blog.tonsmann.net/do-you-need-a-business-license-to-trade-forex.htmlThere are no laws governing who can and cannot trade in the FOREX markets for business purposes. You will need proper licensing, however, if you want to become a broker or market-maker. You will also need cash reserves and a bond to guaranty your customers’ funds. Which forex session is active now? ...Wed, 12 Aug 2026 18:44:38 -0400https://blog.tonsmann.net/can-my-mother-sponsor-me-for-a-green-card.htmlhttps://blog.tonsmann.net/can-my-mother-sponsor-me-for-a-green-card.htmlA green card holder can sponsor (file an I-130 petition for) only his or her spouse and unmarried children; but no one else. other family members, including your parents, married children, brothers, and sisters, for whom you now can start the immigration process. What documents do I need to sponsor ...Wed, 12 Aug 2026 18:09:10 -0400https://blog.tonsmann.net/what-happens-when-you-get-a-tax-refund-for-2018.htmlhttps://blog.tonsmann.net/what-happens-when-you-get-a-tax-refund-for-2018.htmlThe IRS has acknowledged their error, and they are recalculating the taxes due for 2018 on their end, and then refunding the difference to the taxpayer. For impacted taxpayers, they will receive a refund with no explanation attached, and then about one to two weeks later will receive a CP-21 indicat...Wed, 12 Aug 2026 17:51:12 -0400https://blog.tonsmann.net/what-happens-if-an-llc-does-not-make-money.htmlhttps://blog.tonsmann.net/what-happens-if-an-llc-does-not-make-money.htmlLLCs that have become inactive or have no income may still be mandated to file a federal income tax return. Filing requirements will depend on how the LLC is taxed. An LLC may be taxed as a corporation or partnership, or it may be totally disregarded as an entity with no requirement to file. What do...Wed, 12 Aug 2026 17:34:18 -0400https://blog.tonsmann.net/can-a-business-partner-with-a-non-profit.htmlhttps://blog.tonsmann.net/can-a-business-partner-with-a-non-profit.htmlIn a general partnership, all partners share decision-making power and liability for business debts, as well as sharing the business’ profits. Individuals, corporations and nonprofits can all form limited partnerships, taking either a limited or a general partner’s role. Why should businesses partne...Wed, 12 Aug 2026 17:21:57 -0400https://blog.tonsmann.net/can-a-seller-make-a-buyer-pay-paypal-fees.htmlhttps://blog.tonsmann.net/can-a-seller-make-a-buyer-pay-paypal-fees.htmlUnder PayPal’s tos, it’s actually illegal for a seller to ask a buyer to pay the paypal fee, or for this matter any other surcharge. Does PayPal refund money if item not received? If your order never shows up and the seller can’t provide proof of shipment or delivery, you’ll get a full refund. It’s ...Wed, 12 Aug 2026 17:20:38 -0400https://blog.tonsmann.net/how-do-i-make-a-qtip-election-on-706.htmlhttps://blog.tonsmann.net/how-do-i-make-a-qtip-election-on-706.htmlHow do I designate QTIP on assets in my Form 706 Estate tax return using Worksheet View? Select Estate Tax > Beneficiaries, Co-Tenants > Section 1 Beneficiaries, Co-Tenants, Beneficiary type – line 1 = Q (double click on this line to see all options) and choose Q QTIP Trust. How do I create a ...Wed, 12 Aug 2026 17:09:07 -0400https://blog.tonsmann.net/what-does-it-mean-to-owe-back-taxes-to-the-irs.htmlhttps://blog.tonsmann.net/what-does-it-mean-to-owe-back-taxes-to-the-irs.htmlBack taxes are any amount that you still owe the IRS for income tax assessments in previous tax years. These may have been incurred due to underpayment of taxes. If you did not file a return, the IRS may have filed a substitute return on your behalf. Why did the IRS Send Me a different check? Sooner...Wed, 12 Aug 2026 16:57:17 -0400https://blog.tonsmann.net/what-is-a-heavy-tax-burden.htmlhttps://blog.tonsmann.net/what-is-a-heavy-tax-burden.htmlIn economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses that society suffers as the result of taxes or subsidies. How do I reduce my state and federal tax liability? 15 Legal Secrets to Reducing Your Taxes Contribut...Wed, 12 Aug 2026 16:39:19 -0400https://blog.tonsmann.net/how-long-must-a-taxpayer-have-lived-in-a-home-in-order-to-claim-a-capi.htmlhttps://blog.tonsmann.net/how-long-must-a-taxpayer-have-lived-in-a-home-in-order-to-claim-a-capi.htmltwo years If you’ve owned your home for at least two years and meet the primary residence rules, you may owe tax on the profit if it exceeds IRS thresholds. Single persons can exclude up to $250,000 of the gain, and married persons filing a joint return can exclude up to $500,000 of the gain. How of...Wed, 12 Aug 2026 16:12:11 -0400https://blog.tonsmann.net/do-i-have-to-pay-taxes-on-a-repo-car.htmlhttps://blog.tonsmann.net/do-i-have-to-pay-taxes-on-a-repo-car.htmlWhen you have a car repossessed and sold at auction, it could lead to some increased tax liability for you. Because of this, you will have to add the amount of the forgiven debts onto your annual income for tax purposes. You will then pay taxes on that amount at your normal marginal tax rate. What i...Wed, 12 Aug 2026 15:59:45 -0400https://blog.tonsmann.net/can-an-adult-child-make-a-career-out-of-working.htmlhttps://blog.tonsmann.net/can-an-adult-child-make-a-career-out-of-working.html“An adult child can actually make a career out of earning income from his parents by working the emotional system.” In part 2 of their series on adult children, Kim Abraham and Marney Studaker-Cordner explain why some kids choose to stay home instead of launching into the world. What can you do with...Wed, 12 Aug 2026 15:55:57 -0400https://blog.tonsmann.net/does-lone-mountain-truck-leasing-credit-requirements.htmlhttps://blog.tonsmann.net/does-lone-mountain-truck-leasing-credit-requirements.htmlLone Mountain is not concerned with your credit score when you apply for a lease, various sales associates said. Lone Mountain uses its in-house finance company, Cresco Capital, to review your records. The company will work with you to determine a reasonable down payment and monthly payment terms. C...Wed, 12 Aug 2026 15:47:56 -0400https://blog.tonsmann.net/can-you-print-a-prior-year-tax-return.htmlhttps://blog.tonsmann.net/can-you-print-a-prior-year-tax-return.htmlYou can also access prior years’ returns that you filed with us. If you haven’t started preparing taxes with us this year, please see the instructions here: How to access your prior year’s return. If you need to print your return, we recommend using a desktop computer. When you print your tax form P...Wed, 12 Aug 2026 15:36:07 -0400https://blog.tonsmann.net/can-land-be-donated.htmlhttps://blog.tonsmann.net/can-land-be-donated.htmlDonating land to a nonprofit conservation organization such as a land trust or to a public conservation/agency, is the most straightforward method of permanent land protection, and it results in the greatest direct tax benefit for the donor. Most important, the donated land will be protected in perp...Wed, 12 Aug 2026 15:32:00 -0400https://blog.tonsmann.net/what-do-i-need-to-know-to-start-a-nonprofit-organization.htmlhttps://blog.tonsmann.net/what-do-i-need-to-know-to-start-a-nonprofit-organization.htmlHere are seven things to consider when starting a nonprofit. Will your organization be a nonprofit or not-for-profit? What is your mission? What will you name your nonprofit? How much will it cost to make this nonprofit work? How can I fund this operation? Who can I hire to build a strong team?...Wed, 12 Aug 2026 15:15:57 -0400https://blog.tonsmann.net/can-the-government-take-inheritance-for-student-loans.htmlhttps://blog.tonsmann.net/can-the-government-take-inheritance-for-student-loans.htmlAn inheritance can’t be garnished for federal student loans or private student loans. But if you are sued for student loan debt and a court enters judgment against you, your student loans could, depending on your state’s laws, levy (take) the inheritance out of your bank account. Can student loans c...Wed, 12 Aug 2026 15:14:27 -0400https://blog.tonsmann.net/can-you-day-trade-while-on-disability.htmlhttps://blog.tonsmann.net/can-you-day-trade-while-on-disability.htmlYes, you can work while receiving SSI and SSDI, and trading stocks would count as work, even if you are doing it yourself from home. You must report all income, however. Is it illegal to trade stocks while on SSDI? If you collect Social Security Disability (SSD) benefits, there’s a limit to how much...Wed, 12 Aug 2026 14:57:38 -0400https://blog.tonsmann.net/what-do-you-call-someone-who-buys-and-sells-houses.htmlhttps://blog.tonsmann.net/what-do-you-call-someone-who-buys-and-sells-houses.htmlMost buyers and sellers refer to him or her as their salesperson, agent, broker, Realtor, or some pet name that is best left to the imagination. The monikers are all interchangeable. Should buyers make offers on multiple homes at once? There is no law against making offers on more multiple houses. H...Wed, 12 Aug 2026 14:49:47 -0400https://blog.tonsmann.net/how-is-sga-calculated.htmlhttps://blog.tonsmann.net/how-is-sga-calculated.htmlSGA determination is based on “countable earnings,” which is defined as the gross earnings minus any adjustments, for example: any Impairment-Related Work Expenses (IRWEs) you paid to be able to work; any reported amount of earnings subsidized by your employer; business expenses incurred by self-emp...Wed, 12 Aug 2026 14:47:28 -0400https://blog.tonsmann.net/does-child-receive-social-security-parent-dies.htmlhttps://blog.tonsmann.net/does-child-receive-social-security-parent-dies.htmlWithin a family, a child can receive up to half of the parent’s full retirement or disability benefits. If a child receives survivors benefits, they can get up to 75% of the deceased parent’s basic Social Security benefit. It can be from 150% to 180% of the parent’s full benefit amount. Should I inc...Wed, 12 Aug 2026 14:45:09 -0400https://blog.tonsmann.net/does-my-child-need-an-itin.htmlhttps://blog.tonsmann.net/does-my-child-need-an-itin.htmlMore In Help. I am adopting a child and don’t yet have a social security number for the child. If the child isn’t a U.S. citizen or resident, and if the child qualifies as a dependent, a TIN is still required. To obtain an ITIN, use Form W-7, Application for IRS Individual Taxpayer Identification Nu...Wed, 12 Aug 2026 14:43:12 -0400https://blog.tonsmann.net/how-to-claim-casualty-disaster-and-theft-losses.htmlhttps://blog.tonsmann.net/how-to-claim-casualty-disaster-and-theft-losses.htmlClaiming the Loss. Individuals are required to claim their casualty and theft losses as an itemized deduction on Form 1040, Schedule A.pdf, Itemized Deductions, (or Schedule A in Form 1040NR.pdf, if you’re a nonresident alien). How to determine casualty losses due to Hurricane Harvey? Special proced...Wed, 12 Aug 2026 13:39:56 -0400https://blog.tonsmann.net/how-do-you-reconcile-accounts-quickly.htmlhttps://blog.tonsmann.net/how-do-you-reconcile-accounts-quickly.htmlOnce you’ve received it, follow these steps to reconcile a bank statement: COMPARE THE DEPOSITS. Match the deposits in the business records with those in the bank statement. ADJUST THE BANK STATEMENTS. Adjust the balance on the bank statements to the corrected balance. ADJUST THE CASH ACCOUNT. CO...Wed, 12 Aug 2026 13:25:22 -0400https://blog.tonsmann.net/how-to-determine-if-sale-of-inherited-property-is-taxable.htmlhttps://blog.tonsmann.net/how-to-determine-if-sale-of-inherited-property-is-taxable.htmlAnswer To determine if the sale of inherited property is taxable, you must first determine your basis in the property. The basis of property inherited from a decedent is generally one of the following: What happens to your taxes if you get a homestead exemption? Your property tax bill would equal $2...Wed, 12 Aug 2026 13:03:52 -0400https://blog.tonsmann.net/how-do-freelancing-get-international-clients.htmlhttps://blog.tonsmann.net/how-do-freelancing-get-international-clients.htmlFor such freelancers, platforms like LinkedIn, UpWork, Naukri.com or groups on Facebook become mere meeting places for being discovered. This way the individuals get to showcase their expertise and their reputation across a solid network which helps grab eyeballs of clients with deep pockets. Can I ...Wed, 12 Aug 2026 12:56:27 -0400https://blog.tonsmann.net/who-do-i-contact-about-repaying-student-loans.htmlhttps://blog.tonsmann.net/who-do-i-contact-about-repaying-student-loans.htmlThe myeddebt.ed.gov website helps student loan borrowers, who are in default, to arrange debt payments. There are multiple ways to contact the Default Resolution Group, or you may call 1-800-621-3115. How long does it take to get refund from student loan? Getting a student loan refund from your coll...Wed, 12 Aug 2026 12:54:49 -0400https://blog.tonsmann.net/does-new-zealand-accept-new-residents.htmlhttps://blog.tonsmann.net/does-new-zealand-accept-new-residents.htmlTo live in New Zealand permanently, you need a resident visa. There are a number of pathways to obtaining a resident visa, many of which start with a temporary visa allowing you to work, study or own a business in New Zealand. The easiest visa to get isn’t necessarily the best. Can you lose NZ perma...Wed, 12 Aug 2026 12:49:42 -0400https://blog.tonsmann.net/how-much-do-doordash-drivers-make-in-alaska.htmlhttps://blog.tonsmann.net/how-much-do-doordash-drivers-make-in-alaska.htmlHow much does a Delivery Driver make at DoorDash in Anchorage? Average DoorDash Delivery Driver yearly pay in Anchorage is approximately $58,679, which is 10% above the national average. Can you do DoorDash as a fulltime job? While DoorDash is a great way to make some steady extra cash on your time,...Wed, 12 Aug 2026 12:43:57 -0400https://blog.tonsmann.net/how-do-you-tell-clients-not-accepting-new-clients.htmlhttps://blog.tonsmann.net/how-do-you-tell-clients-not-accepting-new-clients.htmlYou can say something like: “Thank you so much for offering me this opportunity. Unfortunately, I am no longer accepting new clients as my schedule is full. I take pride in my work and would not like to spread myself too thin and start offering less value to my clients.” What do you say to a new cli...Wed, 12 Aug 2026 12:42:01 -0400https://blog.tonsmann.net/are-university-degrees-tax-deductible.htmlhttps://blog.tonsmann.net/are-university-degrees-tax-deductible.htmlIf you’re studying a course that will maintain or improve your skills in your current occupation, you can claim the costs of study as a self-education expense. You can also claim the costs of course fees, textbooks, stationary, travel costs and the depreciation of items like laptops, tablets and pri...Wed, 12 Aug 2026 12:40:12 -0400https://blog.tonsmann.net/can-you-undo-an-ira-contribution.htmlhttps://blog.tonsmann.net/can-you-undo-an-ira-contribution.htmlYou might have made a contribution early in the year and subsequently been laid off, discovering that your contribution exceeded your yearly income. IRA contributions have to be reversed within the same tax year. Get your IRA ending balance of the month just before the contribution you want to rever...Wed, 12 Aug 2026 12:36:18 -0400https://blog.tonsmann.net/how-long-does-it-take-for-a-page-to-be-verified.htmlhttps://blog.tonsmann.net/how-long-does-it-take-for-a-page-to-be-verified.htmlThis process usually takes anywhere from 48 hours to 45 days. Anything that gives your brand added credibility is worth pursuing. Follow the steps above to get verified on Facebook—and see your business grow. Why can’t I verify my Facebook business page? If your business is not verified, click Start...Wed, 12 Aug 2026 12:32:53 -0400https://blog.tonsmann.net/are-unreimbursed-employee-expenses-still-allowed.htmlhttps://blog.tonsmann.net/are-unreimbursed-employee-expenses-still-allowed.htmlThe Tax Cut and Jobs Act (TCJA) eliminated unreimbursed employee expense deductions for all but a handful of protected groups. The TCJA restriction lasts until 2026, when miscellaneous itemized deductions are slated to return for all employees. When can you claim unreimbursed employee expenses? Ther...Wed, 12 Aug 2026 12:23:11 -0400https://blog.tonsmann.net/what-are-the-units-of-value-profits-interest.htmlhttps://blog.tonsmann.net/what-are-the-units-of-value-profits-interest.htmlIn general, if a profits interest member will receive a share of future income, value will be based on the present value of the projected income that the member expects to receive from the units. What is an economic interest in an LLC? An economic interest is an ownership share of an LLC that only e...Wed, 12 Aug 2026 12:21:39 -0400https://blog.tonsmann.net/does-your-social-security-card-number-change-when-you-get-married.htmlhttps://blog.tonsmann.net/does-your-social-security-card-number-change-when-you-get-married.htmlYour SSN is assigned at birth and, in most cases, never changes. You are not legally required to get a new Social Security card when you get married unless you change your name. How do I change my Social Security card to my married name? How do I change or correct my name on my Social Security numbe...Wed, 12 Aug 2026 12:19:42 -0400https://blog.tonsmann.net/can-you-claim-your-brother-as-a-dependent.htmlhttps://blog.tonsmann.net/can-you-claim-your-brother-as-a-dependent.htmlThe IRS says you can claim children as dependents as long as they meet the following requirements: The child must be related to you. For example, your son or daughter, stepson or stepdaughter, brother or sister, stepbrother or stepsister, nephew or niece, or grandchild can be considered a dependent....Wed, 12 Aug 2026 11:47:00 -0400https://blog.tonsmann.net/when-do-i-need-to-hire-a-tax-attorney.htmlhttps://blog.tonsmann.net/when-do-i-need-to-hire-a-tax-attorney.htmlYou might need to hire a tax attorney if any of the following are true: You owe more than $100,000 to the IRS. An IRS Revenue Officer is assigned to your case, You are self-employed or own a small business. You have a complicated or unusual financial situation. You’re intimidated by the IRS and don’...Wed, 12 Aug 2026 11:35:57 -0400https://blog.tonsmann.net/can-i-make-a-transfer-with-my-credit-card.htmlhttps://blog.tonsmann.net/can-i-make-a-transfer-with-my-credit-card.htmlYou can transfer money from a credit card to a debit card if you have a credit card that permits this. Be aware that you need to check first whether you will be charged any fees for interest for making the credit card cash transfer. How do I transfer a payment from one credit card to another? There ...Wed, 12 Aug 2026 11:27:28 -0400https://blog.tonsmann.net/why-is-the-new-w4-so-confusing.htmlhttps://blog.tonsmann.net/why-is-the-new-w4-so-confusing.htmlThe revision is designed to reflect changes in the federal Tax Cuts and Jobs Act that took effect in 2018. Used correctly, it should lead to more accurate withholding for most employees, especially two-earner couples. That should result in fewer big refunds or balances due at tax time. Why should yo...Wed, 12 Aug 2026 11:17:38 -0400https://blog.tonsmann.net/is-alimony-enforceable-out-of-country.htmlhttps://blog.tonsmann.net/is-alimony-enforceable-out-of-country.htmlAlimony. Alimony, or spousal maintenance, decisions depend on which country the divorce takes place in. If the spouse who is awarded alimony lives in another country, he will still have to pay American income tax on said alimony unless exempt by a treaty. Can my ex get alimony? California permits di...Wed, 12 Aug 2026 11:00:22 -0400https://blog.tonsmann.net/what-happens-to-a-family-when-a-parent-passes-away.htmlhttps://blog.tonsmann.net/what-happens-to-a-family-when-a-parent-passes-away.htmlSocial Security is here for young people when a parent passes away. We know that the loss of a parent isn’t just emotionally painful; it can be devastating to a family’s finances. Why was my husband so distant after my mother died? She acknowledged that they had created a pattern of increasing emoti...Wed, 12 Aug 2026 10:59:10 -0400https://blog.tonsmann.net/can-i-do-my-taxes-with-an-expired-id.htmlhttps://blog.tonsmann.net/can-i-do-my-taxes-with-an-expired-id.htmlYou can still use it while expired, for return purposes. That won’t affect your return. It’s an additional measure to protect your identity but not required, in all states. There are only a couple states that require you to enter it in order to file. Can I use my passport to file my taxes? Technical...Wed, 12 Aug 2026 10:55:32 -0400https://blog.tonsmann.net/can-sole-proprietor-use-ein.htmlhttps://blog.tonsmann.net/can-sole-proprietor-use-ein.htmlA 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, the sole proprietor uses his or her social security number (instead of an EIN) as the taxpayer identification number. Can I use my EIN number inste...Wed, 12 Aug 2026 10:38:40 -0400