https://blog.tonsmann.netBright celeb buzz with polished internet shine.en-usSat, 08 Aug 2026 10:35:37 -0400https://blog.tonsmann.net/can-husband-and-wife-have-different-residences.htmlhttps://blog.tonsmann.net/can-husband-and-wife-have-different-residences.htmlMany taxpayers are surprised to learn California even allows separate residency status for spouses. But in fact, there is no such thing as “marital” residency. Residency status always belongs to an individual, whether married or not. Can a married couple claim different residency status? Generally, ...Sat, 08 Aug 2026 14:09:12 -0400https://blog.tonsmann.net/what-is-your-current-annual-income.htmlhttps://blog.tonsmann.net/what-is-your-current-annual-income.htmlAnnual income is the amount of income you earn in one fiscal year. Your annual income includes everything from your yearly salary to bonuses, commissions, overtime, and tips earned. Gross annual income is your earnings before tax, while net annual income is the amount you’re left with after deductio...Sat, 08 Aug 2026 13:48:38 -0400https://blog.tonsmann.net/does-a-501c3-expire.htmlhttps://blog.tonsmann.net/does-a-501c3-expire.htmlIn other words, there is no expiration date on a 501(c)(3) organization. However, there are other actions that need to be taken to maintain its tax-exempt status. Even though a 501(c)(3) does not expire, it’s a good idea to check with the IRS periodically to be sure that the rules have not changed. ...Sat, 08 Aug 2026 13:45:05 -0400https://blog.tonsmann.net/how-do-taxes-work-when-working-remotely-in-a-different-state.htmlhttps://blog.tonsmann.net/how-do-taxes-work-when-working-remotely-in-a-different-state.htmlIn general, if you’re working remotely you’ll only have to file and pay income taxes in the state where you live. So when you live in your resident state, but the non-resident state is listed on your W-2 form, you’ll have to file two tax returns, one for each state. Can I write off working from home...Sat, 08 Aug 2026 13:45:00 -0400https://blog.tonsmann.net/in-what-order-should-i-change-my-address.htmlhttps://blog.tonsmann.net/in-what-order-should-i-change-my-address.htmlThis change of address checklist will fill you in on who you need to give a heads up to about your new home. The post office. Tax agencies. Social Security Administration. Gas and electric. Phone, cable, and internet. Other utilities. Home or renters’ insurance. Your employer. What happens wh...Sat, 08 Aug 2026 13:34:20 -0400https://blog.tonsmann.net/how-much-does-it-cost-to-make-a-music-cd.htmlhttps://blog.tonsmann.net/how-much-does-it-cost-to-make-a-music-cd.htmlPhysical copies of CDs don’t seem to change in price. It’s about $1000 to manufacture 1000 replicated CDs in a jewel case with a one double-sided page insert. If you want fancier packaging, it can get really expensive but there are many options these days so it helps to do your research! How much do...Sat, 08 Aug 2026 13:14:27 -0400https://blog.tonsmann.net/what-does-the-fair-housing-act-prohibit.htmlhttps://blog.tonsmann.net/what-does-the-fair-housing-act-prohibit.htmlThe Fair Housing Act prohibits this discrimination because of race, color, national origin, religion, sex, familial status, and disability. One of its roles is to investigate complaints of housing discrimination. Who DOES the Fair Housing Act protect? The Fair Housing Act protects people from discri...Sat, 08 Aug 2026 13:13:33 -0400https://blog.tonsmann.net/can-i-send-out-my-own-1099-forms.htmlhttps://blog.tonsmann.net/can-i-send-out-my-own-1099-forms.htmlYou can order physical, blank 1099 forms from the IRS for free, but it may take 10 business days or longer (2+ weeks) to arrive. You’ll need at a minimum, Form 1099-MISC and Form 1096. You then fill out and print both forms yourself and mail it out. Cost: Free. Can you give someone a 1099 without So...Sat, 08 Aug 2026 12:46:43 -0400https://blog.tonsmann.net/who-is-subject-to-pfic.htmlhttps://blog.tonsmann.net/who-is-subject-to-pfic.htmlA foreign corporation (the tested foreign corporation) is a PFIC if, for its tax year: (1) at least 75% of its gross income is passive income (Income Test); or (2) the average percentage of assets that are held during the tax year and produce, or are held to produce, passive income (Asset Test and, ...Sat, 08 Aug 2026 12:32:26 -0400https://blog.tonsmann.net/who-do-i-call-if-my-w2-is-messed-up.htmlhttps://blog.tonsmann.net/who-do-i-call-if-my-w2-is-messed-up.htmlCall the IRS toll free at 800-829-1040 or make an appointment to visit an IRS Taxpayer Assistance Center (TAC). The IRS will send your employer a letter requesting that they furnish you a corrected Form W-2 within ten days. Can you email someone their w2? According to the Internal Revenue Service (I...Sat, 08 Aug 2026 12:19:08 -0400https://blog.tonsmann.net/how-does-de-facto-work-in-australia.htmlhttps://blog.tonsmann.net/how-does-de-facto-work-in-australia.htmlA de facto relationship is a relationship in which a couple lives together on a genuine domestic basis. A person would not have a de facto partner unless they have lived together as a couple for two years without separation. Therefore, the length of time to be considered de facto is two years. What ...Sat, 08 Aug 2026 11:53:56 -0400https://blog.tonsmann.net/how-much-can-i-gift-to-my-child-tax-free.htmlhttps://blog.tonsmann.net/how-much-can-i-gift-to-my-child-tax-free.htmlThe annual gift tax exclusion is $15,000 for the 2021 tax year. (It was the same for the 2020 tax year.) This is the amount of money that you can give as a gift to one person, in any given year, without having to pay any gift tax. How much can a married couple gift tax-free? The 2020 annual gift tax...Sat, 08 Aug 2026 11:45:32 -0400https://blog.tonsmann.net/what-is-chapter-4-status-w-8ben-e.htmlhttps://blog.tonsmann.net/what-is-chapter-4-status-w-8ben-e.htmlThe term chapter 4 status means a person’s status as a U.S. person, specified U.S. person, foreign individual, participating FFI, deemed-compliant FFI, restricted distributor, exempt beneficial owner, nonparticipating FFI, territory financial institution, excepted NFFE, or passive NFFE. What is a ch...Sat, 08 Aug 2026 10:57:57 -0400https://blog.tonsmann.net/do-you-need-original-w-2-to-file-taxes.htmlhttps://blog.tonsmann.net/do-you-need-original-w-2-to-file-taxes.htmlYou don’t need to send your Forms W-2 to the IRS and should keep them in a safe place with a copy of your tax return. Use Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-File Return to submit any paper documents that need to be sent after your return has been accepted electronically. ...Sat, 08 Aug 2026 10:52:41 -0400https://blog.tonsmann.net/how-do-i-estimate-my-w-2.htmlhttps://blog.tonsmann.net/how-do-i-estimate-my-w-2.htmlThe easiest way is to find a W-2 estimator online. Using one of these tools, you simply input information about your filing status, number of dependents, wages and the amount of state and federal income tax withheld. This will help determine how much you can expect to get back when you file. What do...Sat, 08 Aug 2026 10:50:58 -0400https://blog.tonsmann.net/what-happens-when-you-file-no-income-tax.htmlhttps://blog.tonsmann.net/what-happens-when-you-file-no-income-tax.htmlTax law treats these credits as tax payments that can be refunded when the amount exceeds your tax bill, which presumably is zero if you’re filing taxes with no income. You might want to evaluate your eligibility to claim one or more of these credits before deciding not to file taxes this year. What...Sat, 08 Aug 2026 10:23:41 -0400https://blog.tonsmann.net/is-there-an-income-threshold-for-roth-ira.htmlhttps://blog.tonsmann.net/is-there-an-income-threshold-for-roth-ira.htmlIf you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $139,000 for the tax year 2020 and under $140,000 for the tax year 2021 to contribute to a Roth IRA, and if you’re married and file jointly, your MAGI must be under $206,000 for the tax year 2020 and 208,0...Sat, 08 Aug 2026 10:02:49 -0400https://blog.tonsmann.net/how-much-can-you-put-in-a-self-directed-ira.htmlhttps://blog.tonsmann.net/how-much-can-you-put-in-a-self-directed-ira.htmlIn some ways, a self-directed IRA is like a traditional IRA or a Roth IRA. The account is designed to provide tax advantages, and participants must follow the same eligibility requirements and contribution limits. The maximum contribution limit for 2021 is $6,000, or $7,000 if you’re age 50 or older...Sat, 08 Aug 2026 10:02:07 -0400https://blog.tonsmann.net/can-you-find-a-tax-return-you-filed-seven-years-ago.htmlhttps://blog.tonsmann.net/can-you-find-a-tax-return-you-filed-seven-years-ago.htmlSo, if you need a tax return that you filed more than seven years ago, the IRS will try to locate it, but there are no guarantees. In addition, the IRS charges a fee for each tax return you request, and you must enclose payment when mailing the 4506 form. How to get prior year tax information from t...Sat, 08 Aug 2026 09:29:34 -0400https://blog.tonsmann.net/do-100-disabled-veterans-pay-property-tax-in-california.htmlhttps://blog.tonsmann.net/do-100-disabled-veterans-pay-property-tax-in-california.htmlThe Disabled Veterans’ Exemption reduces the property tax liability on the principal place of residence of qualified veterans who, due to a service-connected injury or disease, have been rated 100% disabled or are being compensated at the 100% rate due to unemployability. What is dv4 exemption Texas...Sat, 08 Aug 2026 09:11:23 -0400https://blog.tonsmann.net/why-are-my-taxes-higher-on-my-paycheck.htmlhttps://blog.tonsmann.net/why-are-my-taxes-higher-on-my-paycheck.htmlAs you earn income throughout the year, your employer withholds payments toward your year-end tax liability. If these withholding payments vary, it might be because your income fluctuates, you receive commissions in addition to your regular salary or because you modified the number of allowances you...Sat, 08 Aug 2026 08:57:23 -0400https://blog.tonsmann.net/how-do-i-fill-out-a-scholarship-application.htmlhttps://blog.tonsmann.net/how-do-i-fill-out-a-scholarship-application.htmlScholarship Application Tips Meet all application deadlines. Use a calendar or planner, make a schedule, and stick to it. Gather application materials early. Don’t ignore small awards. Request letters of recommendation early. Write a great essay. Attend a scholarship workshop. Sing your own pr...Sat, 08 Aug 2026 08:41:37 -0400https://blog.tonsmann.net/who-lived-in-north-carolina-first.htmlhttps://blog.tonsmann.net/who-lived-in-north-carolina-first.htmlThe first Europeans to arrive in North Carolina were the Spanish. First, explorer Giovanni da Verrazano mapped out the coastline in 1524. Later explorers included Juan Pardo, who founded Fort San Juan in western North Carolina in 1567, and Hernando de Soto, who came searching for gold. Who are the t...Sat, 08 Aug 2026 08:25:44 -0400https://blog.tonsmann.net/how-to-ask-a-good-tax-question-online.htmlhttps://blog.tonsmann.net/how-to-ask-a-good-tax-question-online.htmlTrusted Tax Advice. ASK A QUESTION Submit your tax question to BIDaWIZ. GET THE ANSWER Correspond with your professional until you are satisfied. HIRE A PRO Work with a professional online for premium tax services. (i.e. Tax Prep). How to ask a tax question with bidawiz? ASK A QUESTION Submit your t...Sat, 08 Aug 2026 08:15:02 -0400https://blog.tonsmann.net/can-you-add-a-payment-option-on-google-forms.htmlhttps://blog.tonsmann.net/can-you-add-a-payment-option-on-google-forms.htmlSimilar to the above option, you can add your peer-to-peer payment details directly into your Google Forms, as a Title/Description field. You can write detailed instructions to your users on how to use the details to pay ahead before they submit the form. How do I remove AutoFill from my credit card...Sat, 08 Aug 2026 08:14:11 -0400https://blog.tonsmann.net/what-happens-if-my-ex-and-i-claim-a-dependent.htmlhttps://blog.tonsmann.net/what-happens-if-my-ex-and-i-claim-a-dependent.htmlWhoever claimed the dependent on their 2019 taxes should have received the stimulus checks, also known as economic impact payments (EIP). However, the spouse who claims the child on a 2020 tax return may also be able to claim both of the additional stimulus payments ($500 for EIP1 and $600 for EIP2)...Sat, 08 Aug 2026 07:56:13 -0400https://blog.tonsmann.net/where-do-i-put-k1-on-my-1040.htmlhttps://blog.tonsmann.net/where-do-i-put-k1-on-my-1040.htmlTo enter amounts from Schedule K-1 into an individual tax return, from the Main Menu of the Tax Return (Form 1040) select: Income. Rents, Royalties, Entities (Sch E, K-1, 4835, 8582) K-1 Input. New or Pull. For a new K-1 entry select the entity it relates to, either Form 1065, Form 1120S, or Form 1...Sat, 08 Aug 2026 07:54:04 -0400https://blog.tonsmann.net/can-i-file-my-2017-and-2018-taxes-together.htmlhttps://blog.tonsmann.net/can-i-file-my-2017-and-2018-taxes-together.htmlYou CANNOT do that. Each tax year has to be prepared and filed separately. The current online software can only be used for a 2018 tax return. Online preparation and e-filing for 2017 is permanently closed. Can I file my taxes for 2017 in 2019? Even if you aren’t required to file, you might want to....Sat, 08 Aug 2026 07:52:05 -0400https://blog.tonsmann.net/how-does-buying-a-new-home-affect-your-tax-return.htmlhttps://blog.tonsmann.net/how-does-buying-a-new-home-affect-your-tax-return.htmlThe first tax benefit you receive when you buy a home is the mortgage interest deduction, meaning you can deduct the interest you pay on your mortgage every year from the taxes you owe on loans up to $750,000 as a married couple filing jointly or $350,000 as a single person. Can mortgage interest be...Sat, 08 Aug 2026 07:37:23 -0400https://blog.tonsmann.net/why-is-my-disability-check-less.htmlhttps://blog.tonsmann.net/why-is-my-disability-check-less.htmlYour Social Security check will decrease if you owe certain debts like back taxes or student loans. Taking your Social Security benefits early can reduce your payments by up to 30%. Triggered by higher income, a higher Medicare premium can diminish your monthly Social Security check. What is the max...Sat, 08 Aug 2026 07:23:46 -0400https://blog.tonsmann.net/what-should-you-always-do-before-you-open-an-attachment.htmlhttps://blog.tonsmann.net/what-should-you-always-do-before-you-open-an-attachment.htmlSave and scan any attachments before opening them. Be sure the signatures in your antivirus software are up to date. Save the file to your computer or a disk. Manually scan the file using your antivirus software. If the file is clean and doesn’t seem suspicious, go ahead and open it. How do you writ...Sat, 08 Aug 2026 07:19:28 -0400https://blog.tonsmann.net/can-you-amend-a-941x.htmlhttps://blog.tonsmann.net/can-you-amend-a-941x.htmlYou can’t use the adjustment process. If you’re also correcting underreported tax amounts, you must file another Form 941-X to correct the underreported tax amounts using the adjustment process and pay any tax due. How do I amend a 941 in Quickbooks? Under File Forms, pick Quarterly Form 941-X – Adj...Sat, 08 Aug 2026 07:18:29 -0400https://blog.tonsmann.net/can-i-get-va-disability-and-military-retirement.htmlhttps://blog.tonsmann.net/can-i-get-va-disability-and-military-retirement.htmlConcurrent Retirement and Disability Pay (CRDP) allows military retirees to receive both military retired pay and Veterans Affairs (VA) compensation. CRDP is a “phase in” of benefits that gradually restores a retiree’s VA disability offset. How does disability pay work for military? VA disability pa...Sat, 08 Aug 2026 07:12:58 -0400https://blog.tonsmann.net/can-a-llc-elect-to-be-a-s-corporation.htmlhttps://blog.tonsmann.net/can-a-llc-elect-to-be-a-s-corporation.htmlAn LLC may to elect to be an S corporation only if it meets all the following tests. It is (a) a domestic corporation, or (b) a domestic entity such as an LLC eligible to elect to be treated as a corporation, that timely files Form 2553. If Form 2553 is not timely filed, see Relief for Late Election...Sat, 08 Aug 2026 06:50:47 -0400https://blog.tonsmann.net/can-international-students-in-the-us-work-part-time.htmlhttps://blog.tonsmann.net/can-international-students-in-the-us-work-part-time.htmlWhen it comes to international students working in the US, there are some restrictions. Students with F1 visas are generally allowed to work on the campus of their university for up to 20 hours a week. What percentage of international students get jobs in USA after graduation? Nearly two-thirds (62 ...Sat, 08 Aug 2026 06:35:14 -0400https://blog.tonsmann.net/can-you-file-jointly-with-a-deceased-spouse.htmlhttps://blog.tonsmann.net/can-you-file-jointly-with-a-deceased-spouse.htmlHowever, you can use married filing jointly with your new spouse. You and your new spouse can also each use married filing separately. If a return is then also required for your deceased spouse, use the married filing separately status. Can you remarry in the year of your spouses death? Remarriage I...Sat, 08 Aug 2026 06:19:26 -0400https://blog.tonsmann.net/what-are-the-advantages-of-buying-a-business-rather-than-starting-one-.htmlhttps://blog.tonsmann.net/what-are-the-advantages-of-buying-a-business-rather-than-starting-one-.htmlRather than starting your own business, you could purchase an existing one instead. Buying an already established business will allow you to avoid the often painful startup period, while still allowing you to run a business. Is buying an existing business easier than starting your own business ventu...Sat, 08 Aug 2026 06:17:42 -0400https://blog.tonsmann.net/do-accountants-need-to-write.htmlhttps://blog.tonsmann.net/do-accountants-need-to-write.htmlProfessional Development Despite the common misconception, accountants actually do have to read quite a bit. Also, if accountants choose to further their studies, they will need to write a lot. Just to get CPA credit, there are personal statements, exams, research papers, essays and case studies to ...Sat, 08 Aug 2026 06:13:38 -0400https://blog.tonsmann.net/how-do-i-report-babysitting-income.htmlhttps://blog.tonsmann.net/how-do-i-report-babysitting-income.htmlAny self-employed income you receive from babysitting – in excess of a net $400 per tax year – must be reported at tax time on Form 1040, Schedule C or Schedule C-EZ. While you aren’t obligated to file a return with the IRS if you net less than $400 in a given tax year, it is still a good idea to do...Sat, 08 Aug 2026 05:34:22 -0400https://blog.tonsmann.net/does-irs-forgive-debt.htmlhttps://blog.tonsmann.net/does-irs-forgive-debt.htmlUnder certain circumstances, the IRS will forgive tax debt after 10 years. But that 10 year period may be longer than you expect, given lengthy suspensions, the IRS’s date of tax assessment versus your last return, and whether or not you have been keeping up to date with your tax returns since the d...Sat, 08 Aug 2026 05:33:52 -0400https://blog.tonsmann.net/what-questions-can-you-ask-a-potential-renter.htmlhttps://blog.tonsmann.net/what-questions-can-you-ask-a-potential-renter.htmlTop Tenant Screening Questions What date would you like to move in? Do you have pets? How long have you lived in your current home? Why are you moving? How many people will be living in the unit? How many people living with you smoke? What is your monthly income? Have you ever been convicted of a re...Sat, 08 Aug 2026 05:27:04 -0400https://blog.tonsmann.net/when-should-a-person-plan-their-estate.htmlhttps://blog.tonsmann.net/when-should-a-person-plan-their-estate.htmlWhen Does an Estate Plan Become Necessary? Many financial advisors would recommend starting an Estate Plan the moment you become a legal adult, and updating it every three to five years after that. What is done in estate planning? Estate planning in simple terms refers to the passing assets / invest...Sat, 08 Aug 2026 05:00:01 -0400https://blog.tonsmann.net/how-do-you-deal-with-property-encroachment.htmlhttps://blog.tonsmann.net/how-do-you-deal-with-property-encroachment.htmlIf you’re in an argument with a neighbor over a property issue, follow these steps: Stay civil. Hire a surveyor. Check your community’s laws. Try to reach a neighbor-to-neighbor agreement. Use a mediator. Have your attorney send a letter. File a lawsuit. What is a building encroachment? Encroa...Sat, 08 Aug 2026 04:58:03 -0400https://blog.tonsmann.net/what-are-the-instructions-for-filing-a-1099-r.htmlhttps://blog.tonsmann.net/what-are-the-instructions-for-filing-a-1099-r.htmlSpecific Instructions for Form 1099-R File Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., for each person to whom you have made a designated distribution or are treated as having made a distribution of $10 or more from profit...Sat, 08 Aug 2026 04:33:26 -0400https://blog.tonsmann.net/does-turbotax-home-and-business-include-stocks.htmlhttps://blog.tonsmann.net/does-turbotax-home-and-business-include-stocks.htmlIt includes many tax forms, but not Schedule D. Turbotax recommends the Premier Edition, which has all the features of Deluxe plus more tools to deal with investments and rental property, to people who have stocks and bonds or rental income. Intuit recommends TurboTax Home & Business for the sel...Sat, 08 Aug 2026 04:16:43 -0400https://blog.tonsmann.net/what-should-i-ask-during-a-residency-interview.htmlhttps://blog.tonsmann.net/what-should-i-ask-during-a-residency-interview.htmlIf provided with interviewer names in advance, look up their research and clinical interests and, if appropriate, ask questions about their work during your interview. While such questions aren’t necessary—and overdoing it can make you seem cloying—it’s wise to have some thoughtful inquiries ready. ...Sat, 08 Aug 2026 04:16:24 -0400https://blog.tonsmann.net/what-are-mutual-funds-interview-questions.htmlhttps://blog.tonsmann.net/what-are-mutual-funds-interview-questions.htmlMutual Fund Questions Is a mutual fund with a low NAV better? The difference in the performance of a Dividend or Growth Plan? What are the tax benefits in mutual funds? What are the charges in mutual funds? Is it a good time to invest in mutual funds? Should I invest in Infrastructure funds? How muc...Sat, 08 Aug 2026 03:15:47 -0400https://blog.tonsmann.net/is-insurance-premium-taken-out-of-every-paycheck.htmlhttps://blog.tonsmann.net/is-insurance-premium-taken-out-of-every-paycheck.htmlIf you sign up for your employer-provided health insurance, the cost will come out of your paycheck. Whatever amount you choose to contribute will be deducted from your paycheck as well. How do I know if I pay health insurance premiums through my paycheck? Pre-tax premiums can be identified by revie...Sat, 08 Aug 2026 03:04:11 -0400https://blog.tonsmann.net/does-cra-share-information-with-other-countries.htmlhttps://blog.tonsmann.net/does-cra-share-information-with-other-countries.htmlThe CRA will exchange this information with foreign tax authorities from countries with which Canada has an agreement. Reportable accounts held by US Persons will continue to be reported to the CRA under FATCA (Part XVIII of the Income Tax Act), not the CRS (Part XIX of the Income Tax Act). What can...Sat, 08 Aug 2026 02:55:55 -0400https://blog.tonsmann.net/can-you-get-in-trouble-for-selling-crafts.htmlhttps://blog.tonsmann.net/can-you-get-in-trouble-for-selling-crafts.htmlAs a general rule, you shouldn’t sell crafts with any character, image or logo that’s not your own. Etsy can and will remove items or ban you for selling work that infringes on others’ intellectual property rights — that includes copyrights, trademarks and patents. Is selling crafts considered retai...Sat, 08 Aug 2026 02:52:07 -0400https://blog.tonsmann.net/can-you-establish-residency-in-two-states.htmlhttps://blog.tonsmann.net/can-you-establish-residency-in-two-states.htmlYes, it is possible to be a resident of two different states at the same time, though it’s pretty rare. Filing as a resident in two states should be avoided whenever possible. States where you are a resident have the right to tax ALL of your income. This is regardless of where it was earned. Can you...Sat, 08 Aug 2026 02:43:19 -0400https://blog.tonsmann.net/what-is-a-foreign-owned-single-member-llc.htmlhttps://blog.tonsmann.net/what-is-a-foreign-owned-single-member-llc.html1. What Is a Foreign-Owned Disregarded Entity? A “ disregarded entity ” is a business or organization that exists legally but doesn’t have to file for income taxes. Any Single member LLC that has not elected to be treated as a corporation is automatically a disregarded entity. Now, what about a “for...Sat, 08 Aug 2026 02:24:49 -0400https://blog.tonsmann.net/do-you-have-to-pay-taxes-on-your-social-security-check-each-month.htmlhttps://blog.tonsmann.net/do-you-have-to-pay-taxes-on-your-social-security-check-each-month.htmlSome of you have to pay federal income taxes on your Social Security benefits. between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits. more than $34,000, up to 85 percent of your benefits may be taxable. Do pretax deductions affect Social Security? Social Se...Sat, 08 Aug 2026 01:40:15 -0400https://blog.tonsmann.net/what-is-spousal-abandonment-in-georgia.htmlhttps://blog.tonsmann.net/what-is-spousal-abandonment-in-georgia.htmlDesertion in Georgia In Georgia, abandonment is defined as the continued and willful desertion of one spouse for at least one year. A spouse is considered to have committed marital abandonment if they unilaterally decide to physically leave the marital home and reside in a different place than their...Sat, 08 Aug 2026 01:33:23 -0400https://blog.tonsmann.net/when-you-become-a-us-citizen-do-you-have-to-notify-social-security.htmlhttps://blog.tonsmann.net/when-you-become-a-us-citizen-do-you-have-to-notify-social-security.htmlYou will need to visit Social Security so they can update your Social Security record. Wait at least 10 days after your ceremony before doing so and be prepared to show them your Certificate of Naturalization or your U.S. passport. Does having a SSN mean you are a permanent resident? Upon admission ...Sat, 08 Aug 2026 01:31:36 -0400https://blog.tonsmann.net/how-do-you-get-5-star-review-from-customers.htmlhttps://blog.tonsmann.net/how-do-you-get-5-star-review-from-customers.htmlHow to Get More 5-Star Online Reviews Step 1: Provide something amazing. If you want people to say good things about you, you have to give them a reason. Step 2: Actually ask for the review. Step 3: Choose your communications channel. Step 4: Monitor feedback. What is a 5 star review? The Five St...Sat, 08 Aug 2026 00:40:09 -0400https://blog.tonsmann.net/does-va-pay-for-school.htmlhttps://blog.tonsmann.net/does-va-pay-for-school.htmlVA education benefits help Veterans, service members, and their qualified family members with needs like paying college tuition, finding the right school or training program, and getting career counseling. How does a school get a program approved for GI Bill benefits? The approval process for GI Bil...Sat, 08 Aug 2026 00:24:34 -0400https://blog.tonsmann.net/where-do-i-enter-my-1098-mortgage-interest.htmlhttps://blog.tonsmann.net/where-do-i-enter-my-1098-mortgage-interest.htmlYou report this mortgage interest from Form 1098 on Schedule E, not Schedule A. Also, you might have paid points when you took out the mortgage on your rental property. If so, generally points are prepaid interest so you can’t deduct the full amount in the year you paid them. How do I enter 1098T on...Sat, 08 Aug 2026 00:20:35 -0400https://blog.tonsmann.net/can-you-still-file-a-late-2016-tax-return.htmlhttps://blog.tonsmann.net/can-you-still-file-a-late-2016-tax-return.htmlCan I still file a late 2016 tax return? Yes you can still file a 2016 tax return. If you owe taxes, you will be subject to penalties and interest for late filing and late payment. Do you have to file back taxes if you missed a year? The IRS will eventually catch up with you if you earned any income...Sat, 08 Aug 2026 00:17:11 -0400https://blog.tonsmann.net/what-do-you-need-to-know-about-form-5472.htmlhttps://blog.tonsmann.net/what-do-you-need-to-know-about-form-5472.htmlAbout Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. Corporations file this form to provide information required under sections 6038A and 6038C when reportable transactions occur with a foreign or domestic related p...Sat, 08 Aug 2026 00:13:36 -0400https://blog.tonsmann.net/how-much-do-corporate-board-members-make.htmlhttps://blog.tonsmann.net/how-much-do-corporate-board-members-make.htmlBoard members aren’t paid by the hour. Instead, they receive a base retainer that averages around $25,000. On top of this, they also may be paid a fee for each annual board meeting and another fee for meeting by teleconference. At any given company, director pay may be set up differently. Can a nonp...Fri, 07 Aug 2026 23:51:10 -0400https://blog.tonsmann.net/do-i-get-a-1099-for-a-lawsuit-settlement.htmlhttps://blog.tonsmann.net/do-i-get-a-1099-for-a-lawsuit-settlement.htmlIf you receive a court settlement in a lawsuit, then the IRS requires that the payor send the receiving party an IRS Form 1099-MISC for taxable legal settlements (if more than $600 is sent from the payer to a claimant in a calendar year). Box 3 of Form 1099-MISC identifies “other income,” which incl...Fri, 07 Aug 2026 22:57:55 -0400https://blog.tonsmann.net/how-long-is-change-of-address-effective.htmlhttps://blog.tonsmann.net/how-long-is-change-of-address-effective.htmlThe majority of your mail will be forwarded for 12 months, including First Class Mail, Priority Mail, and First-Class Package services. This gives you a year to update your address with your friends, family, bank, and other businesses. What happens to mail after change of address? Your local Post Of...Fri, 07 Aug 2026 22:56:28 -0400https://blog.tonsmann.net/can-you-have-dual-citizenship-in-the-us-and-switzerland.htmlhttps://blog.tonsmann.net/can-you-have-dual-citizenship-in-the-us-and-switzerland.htmlThis means that citizenship is acquired if born to a Swiss parent. Switzerland has permitted dual citizenship without restriction since January 1, 1992. Does Switzerland support dual citizenship? Switzerland allows citizens to hold multiple nationalities, so whether a naturalised person loses previo...Fri, 07 Aug 2026 22:54:46 -0400https://blog.tonsmann.net/can-i-deduct-home-office-expenses-in-2019.htmlhttps://blog.tonsmann.net/can-i-deduct-home-office-expenses-in-2019.htmlAs a result of the TCJA, for the tax years 2018 through 2025, you cannot deduct home office expenses if you are an employee. The TCJA did not change the home office expense rules for self-employed persons. If you are self-employed, you can continue to deduct qualifying home office expenses. Can you ...Fri, 07 Aug 2026 22:39:14 -0400https://blog.tonsmann.net/how-does-social-security-work-if-you-have-earned-income.htmlhttps://blog.tonsmann.net/how-does-social-security-work-if-you-have-earned-income.htmlFor every $2 above the earned income limit, Social Security will hold back $1 in benefits. This benefit reduction is collected by the Social Security Administration by withholding benefit payments until the reduction amount has been met. After that, benefit payments will resume. Are there limits on ...Fri, 07 Aug 2026 22:34:32 -0400https://blog.tonsmann.net/how-do-i-show-less-taxable-income.htmlhttps://blog.tonsmann.net/how-do-i-show-less-taxable-income.html15 Legal Secrets to Reducing Your Taxes Contribute to a Retirement Account. Open a Health Savings Account. Use Your Side Hustle to Claim Business Deductions. Claim a Home Office Deduction. Write Off Business Travel Expenses, Even While on Vacation. Deduct Half of Your Self-Employment Taxes. Get a Cr...Fri, 07 Aug 2026 22:31:19 -0400https://blog.tonsmann.net/what-happens-to-your-tax-status-when-your-spouse-dies.htmlhttps://blog.tonsmann.net/what-happens-to-your-tax-status-when-your-spouse-dies.htmlYour filing status determines your income tax rate and the amount of your standard deduction. When selecting a filing status, you may qualify for more than one status. You will want to select the filing status that results in the lowest tax. In the year of your spouse’s death, you can still file a j...Fri, 07 Aug 2026 22:20:06 -0400https://blog.tonsmann.net/can-i-employ-someone-on-a-tourist-visa.htmlhttps://blog.tonsmann.net/can-i-employ-someone-on-a-tourist-visa.htmlA tourist visa (B1) does not allow you to live and work or study in the US. It allows you to visit for a short time, but not to reside here or to support yourself through paid work, as an employee or contractor, for a US employer. What happens if someone works on a tourist visa? Consequences of Work...Fri, 07 Aug 2026 21:56:23 -0400https://blog.tonsmann.net/does-michigan-have-a-resale-certificate.htmlhttps://blog.tonsmann.net/does-michigan-have-a-resale-certificate.htmlRetailers who wish to buy items tax free for resale in the state of Michigan must present a Michigan resale certificate to the seller when making the purchase. For this purpose, Michigan provides Michigan Sales and Use Tax Certificate of Exemption form 3372 for resellers who wish to buy items tax fr...Fri, 07 Aug 2026 21:55:55 -0400https://blog.tonsmann.net/how-do-i-take-over-a-struggling-business.htmlhttps://blog.tonsmann.net/how-do-i-take-over-a-struggling-business.htmlTips and Tricks to Turning Around a Struggling Business Be honest about what is holding you back. “Assess the situation, identify exactly what’s holding you back,” said Whitney Asher. Look for ways to simplify. Embrace your strengths. Make it easy for your customers. Remember your why. What do y...Fri, 07 Aug 2026 21:49:46 -0400https://blog.tonsmann.net/what-are-the-interview-questions-for-a-file-clerk.htmlhttps://blog.tonsmann.net/what-are-the-interview-questions-for-a-file-clerk.htmlFile clerks hold an administrative role, therefore interview questions should focus more on skills and previous experience than the candidates educational backgrounds. Which is the correct way to write a question? Regarding grammatical formulation, the question should be written in one of two ways. ...Fri, 07 Aug 2026 21:42:32 -0400https://blog.tonsmann.net/is-marital-status-correct.htmlhttps://blog.tonsmann.net/is-marital-status-correct.htmlMarital status is the legally defined marital state. There are several types of marital status: single, married, widowed, divorced, separated and, in certain cases, registered partnership. Married persons are those who got married before a competent body in concordance with valid regulations. What d...Fri, 07 Aug 2026 21:32:00 -0400https://blog.tonsmann.net/how-do-taxes-work-if-you-live-in-pa-but-work-in-ny.htmlhttps://blog.tonsmann.net/how-do-taxes-work-if-you-live-in-pa-but-work-in-ny.htmlOriginally Answered: Where do I pay taxes if I live in PA but work in NY? New York will want taxes paid on your NY income (non-resident return) earned in their state. PA will give you credit for taxes paid to New York when you file your PA resident return which should include all income (NY & PA...Fri, 07 Aug 2026 21:26:01 -0400https://blog.tonsmann.net/what-does-an-investor-manager-do.htmlhttps://blog.tonsmann.net/what-does-an-investor-manager-do.htmlInvestment managers, also known as fund managers and asset managers, seek to make their clients’ money grow so that they can achieve their goals and aspirations, to help offer a more comfortable future. They are the engine room of investment funds, pension funds and a range of other savings products...Fri, 07 Aug 2026 21:25:59 -0400https://blog.tonsmann.net/can-an-employee-claim-exempt-from-social-security-tax.htmlhttps://blog.tonsmann.net/can-an-employee-claim-exempt-from-social-security-tax.htmlAn employee can also claim complete exemption from all federal income tax withholding on Form W-4. When you have a tax-exempt employee, do not withhold any federal income tax from their wages. Claiming exempt on W-4 does not mean an employee is exempt from Social Security and Medicare taxes. Which e...Fri, 07 Aug 2026 21:11:59 -0400https://blog.tonsmann.net/how-many-solar-systems-have-been-installed.htmlhttps://blog.tonsmann.net/how-many-solar-systems-have-been-installed.htmlThe 2 million solar systems currently installed, which represent a total of more than 70 gigawatts of capacity, provide enough electricity for around 12 million homes. But that’s just a fraction of U.S. buildings. How much does the government pay you for solar panels? This is made possible by the so...Fri, 07 Aug 2026 21:08:40 -0400https://blog.tonsmann.net/what-are-the-numbered-lines-on-form-4562.htmlhttps://blog.tonsmann.net/what-are-the-numbered-lines-on-form-4562.htmlMany of the numbered lines on Form 4562 are self-explanatory. However, we’ll pick apart any lines that are likely to trip you up. You can clear up any further uncertainties by checking out the IRS instructions for Form 4562. Finally, when it comes time to file Form 4562, it definitely benefits you t...Fri, 07 Aug 2026 21:07:50 -0400https://blog.tonsmann.net/do-you-pay-your-accountant-monthly.htmlhttps://blog.tonsmann.net/do-you-pay-your-accountant-monthly.htmlBookkeepers and accountants usually charge a fee per hour of service. The average cost of accounting services for small business differs for each unique situation. You can spend a lot of money or pay a small monthly fee. Do you sign a contract with an accountant? Accountants and their clients often ...Fri, 07 Aug 2026 20:53:29 -0400https://blog.tonsmann.net/can-i-give-shares-in-my-company-away.htmlhttps://blog.tonsmann.net/can-i-give-shares-in-my-company-away.htmlAn individual might choose to transfer shares for less than they are worth – or indeed to give them away (for example, to children). However, any tax liability such as Capital Gains Tax would normally need to be worked out on the market value of the shares. How do startups distribute shares? Dividin...Fri, 07 Aug 2026 20:35:18 -0400https://blog.tonsmann.net/where-do-i-report-patronage-dividends.htmlhttps://blog.tonsmann.net/where-do-i-report-patronage-dividends.htmlMost tax professionals will list it as miscellaneous income on a schedule F or other income on form 1040, but that is not always where it should go. There are two different ways patronage dividends are taxed and one where they are not taxed at all. Where do I enter 1099-PATR in Lacerte? Entering For...Fri, 07 Aug 2026 20:33:09 -0400https://blog.tonsmann.net/do-i-need-to-give-my-clients-a-w9.htmlhttps://blog.tonsmann.net/do-i-need-to-give-my-clients-a-w9.htmlBy law, you are only obligated to provide a W-9 to parties that intend to pay you interest, dividends, non-employee compensation, or any other type of reportable income. If someone unexpected asks for a W-9, ask them why they need it. Why do clients ask for W9? What is a W9 Used For? If you work fre...Fri, 07 Aug 2026 20:30:03 -0400https://blog.tonsmann.net/what-are-the-9-steps-in-the-purchasing-process.htmlhttps://blog.tonsmann.net/what-are-the-9-steps-in-the-purchasing-process.html9 Essential Steps for Procurement Planning Identify the Need for Goods or Services. Research and Select Possible Vendors. Review Bids and Determine Final Supplier. Determine What Contract Types are Appropriate. Outline Risk Management. Start the Purchase Order Process. Detail Project Restraint...Fri, 07 Aug 2026 19:52:11 -0400https://blog.tonsmann.net/what-does-it-mean-to-exercise-an-incentive-stock-option.htmlhttps://blog.tonsmann.net/what-does-it-mean-to-exercise-an-incentive-stock-option.htmlAn incentive stock option (ISO) is a corporate benefit that gives an employee the right to buy shares of company stock at a discounted price with the added benefit of possible tax breaks on the profit. Non-qualified stock options (NSOs) are taxed as ordinary income. How are stock exercised taxed? Yo...Fri, 07 Aug 2026 19:50:40 -0400https://blog.tonsmann.net/can-i-pay-my-mom-as-a-nanny.htmlhttps://blog.tonsmann.net/can-i-pay-my-mom-as-a-nanny.htmlYes. But, if you claim the dependent care credit, she will have to claim the money as income and pay social security and medicare tax (15.3%), as well as income tax. If she babysat in your home, instead of hers, she is classified as a household employee. Can my mum be my nanny? No, she is a close re...Fri, 07 Aug 2026 19:02:31 -0400https://blog.tonsmann.net/who-claims-the-education-credit.htmlhttps://blog.tonsmann.net/who-claims-the-education-credit.htmlWho can claim an education credit? There are additional rules for each credit, but you must meet all three of the following for both: You, your dependent or a third party pays qualified education expenses for higher education. An eligible student must be enrolled at an eligible educational instituti...Fri, 07 Aug 2026 18:58:21 -0400https://blog.tonsmann.net/why-did-my-medical-insurance-send-me-a-check.htmlhttps://blog.tonsmann.net/why-did-my-medical-insurance-send-me-a-check.htmlA health insurance company would send you a check for a number of reasons. It could be a refund of an over-payment you made. It could also be because of an error made by the insurer and they are correcting it. It could also be the result of favorable claim results where (by law), they may have to re...Fri, 07 Aug 2026 18:53:08 -0400https://blog.tonsmann.net/can-you-have-a-baby-at-62-years-old.htmlhttps://blog.tonsmann.net/can-you-have-a-baby-at-62-years-old.htmlAccording to the American Society for Reproductive Medicine (ASRM), “Pregnancy may be possible in virtually any woman with a normal uterus, regardless of age and even in the absence of ovaries and ovarian function.” How long are your parents responsible for you? Most states that have parental respon...Fri, 07 Aug 2026 18:50:45 -0400https://blog.tonsmann.net/what-is-not-subject-to-niit.htmlhttps://blog.tonsmann.net/what-is-not-subject-to-niit.htmlThe IRS stipulates that there are a few types of trusts not subject to the NIIT, including: Trusts not technically classified as “trusts” for federal income tax purposes. Perpetual care trusts. Electing Alaska Native Settlement Trusts. What income is not subject to NIIT? 9. What are some common type...Fri, 07 Aug 2026 18:49:40 -0400https://blog.tonsmann.net/does-a-line-of-credit-incur-interest.htmlhttps://blog.tonsmann.net/does-a-line-of-credit-incur-interest.htmlA line of credit is a flexible loan from a financial institution that consists of a defined amount of money that you can access as needed and repay either immediately or over time. Interest is charged on a line of credit as soon as money is borrowed. How cash advance interest is calculated? How to c...Fri, 07 Aug 2026 18:41:50 -0400https://blog.tonsmann.net/can-a-live-in-partner-be-a-beneficiary.htmlhttps://blog.tonsmann.net/can-a-live-in-partner-be-a-beneficiary.htmlThus, an insured married person cannot name his or her illicit lover or kabit as a beneficiary in his or her insurance policy. It should be pointed out that common law spouses, or those living together as husband and wife but are not married, may name each other as beneficiaries in their life insura...Fri, 07 Aug 2026 18:13:14 -0400https://blog.tonsmann.net/how-much-money-should-i-have-after-graduating-college.htmlhttps://blog.tonsmann.net/how-much-money-should-i-have-after-graduating-college.htmlDuring college, don’t worry about saving—take everything you have and use it to pay for college and stay out of debt. After college, target to save at least 15% of your gross income, and a higher percentage as your income increases. What do you give a college graduate? The top 5 graduation gifts for...Fri, 07 Aug 2026 18:01:07 -0400https://blog.tonsmann.net/are-there-still-tax-credits-for-solar-systems.htmlhttps://blog.tonsmann.net/are-there-still-tax-credits-for-solar-systems.htmlThe federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system. (Systems installed before December 31, 2019 were eligible for a 30% tax credit.) The tax credit expires starting in 2024 unless Co...Fri, 07 Aug 2026 17:51:10 -0400https://blog.tonsmann.net/can-a-resident-spouse-file-a-joint-tax-return.htmlhttps://blog.tonsmann.net/can-a-resident-spouse-file-a-joint-tax-return.htmlIn some cases, the resident spouse may still want to file a joint return, in order to secure more favorable rates, or certain credits or deductions. However, some states require spouses living in different states to file separately. It is best to consult a tax expert about the most beneficial way to...Fri, 07 Aug 2026 17:47:12 -0400https://blog.tonsmann.net/how-many-small-businesses-started-in-2019.htmlhttps://blog.tonsmann.net/how-many-small-businesses-started-in-2019.htmlCharacteristic Number of businesses less than 1 year old 2019 770,609 2018 733,825 2017 733,490 2016 733,085 How many jobs did small businesses create in 2019? The 2019 Small Business Profiles show that small businesses added 1.8 million net new jobs in the United States during the latest year studi...Fri, 07 Aug 2026 17:10:39 -0400https://blog.tonsmann.net/do-state-taxes-affect-your-credit-score.htmlhttps://blog.tonsmann.net/do-state-taxes-affect-your-credit-score.htmlTax bills do not affect your credit scores directly, but if you use credit to pay your taxes or fail to pay your taxes in full, your credit score can be affected indirectly, and your eligibility to borrow money can suffer in other ways. Will back taxes show on credit report? The IRS does not report ...Fri, 07 Aug 2026 17:01:47 -0400https://blog.tonsmann.net/can-i-copy-1096.htmlhttps://blog.tonsmann.net/can-i-copy-1096.htmlThe official printed version of this IRS form is scannable, but a copy, printed from this website, is not. Do not print and file a Form 1096 downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. Can you hand print 1096 forms? Y...Fri, 07 Aug 2026 16:34:25 -0400https://blog.tonsmann.net/what-is-the-saying-about-the-first-step.htmlhttps://blog.tonsmann.net/what-is-the-saying-about-the-first-step.htmlThe first step toward change is awareness. The second step is acceptance. The first step toward success is taken when you refuse to be a captive of the environment in which you first find yourself. How do you take your first step? Taking action is the most important step towards success. Taking the...Fri, 07 Aug 2026 16:26:01 -0400https://blog.tonsmann.net/how-does-qbi-deduction-apply-to-pass-through-entity.htmlhttps://blog.tonsmann.net/how-does-qbi-deduction-apply-to-pass-through-entity.htmlTo be eligible to claim a tax deduction for 20% of qualified business income (QBI), your business must be a pass-through entity. Pass-through entities are so named because the income of the business “passes through” to the owner. It isn’t taxed at the business level, but instead at the individual le...Fri, 07 Aug 2026 14:20:32 -0400https://blog.tonsmann.net/what-is-a-short-sale-exactly.htmlhttps://blog.tonsmann.net/what-is-a-short-sale-exactly.htmlA short sale in real estate is one in which a house is sold for a price that is less than the amount still owed on the mortgage. It is up to the mortgage lender to approve a short sale. Sometimes the difference between the sale price and the mortgage amount is forgiven by the lender, but not always....Fri, 07 Aug 2026 14:12:48 -0400