https://blog.tonsmann.netBright celeb buzz with polished internet shine.en-usFri, 07 Aug 2026 11:33:00 -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 -0400https://blog.tonsmann.net/why-are-my-w-2-wages-higher-than-my-salary.htmlhttps://blog.tonsmann.net/why-are-my-w-2-wages-higher-than-my-salary.htmlPre-tax deductions include employer-provided health insurance, dental insurance, life insurance, disability insurance, and 401k contributions. That’s why your W-2 doesn’t match your last pay stub. Unless you opt out of pre-tax deductions, your salary amount will almost always be higher than wages re...Fri, 07 Aug 2026 13:54:28 -0400https://blog.tonsmann.net/do-solar-panels-increase-home-value-2021.htmlhttps://blog.tonsmann.net/do-solar-panels-increase-home-value-2021.htmlHowever, research shows that the wattage produced by a solar panel system does not raise your house value proportionally. This means that installing a large solar panel system in the room of your home will not equate to a higher or better resale value. How much did solar panels cost in 2016? How muc...Fri, 07 Aug 2026 13:06:37 -0400https://blog.tonsmann.net/can-a-niece-inherit-a-pension.htmlhttps://blog.tonsmann.net/can-a-niece-inherit-a-pension.htmlTypically, pension plans allow for only the member—or the member and their surviving spouse—to receive benefit payments. However, in limited instances, some may allow for a non-spouse beneficiary, such as a child. The plan will likely request a copy of the death certificate. Can a state pension be p...Fri, 07 Aug 2026 12:50:51 -0400https://blog.tonsmann.net/what-do-independent-schools-offer.htmlhttps://blog.tonsmann.net/what-do-independent-schools-offer.htmlGrounded in academic excellence, independent schools offer a tailored, student-focused, holistic education that has the flexibility to get the best out of individual pupils. What are the benefits of independent schools? The top 10 benefits of an independent education Unparalleled Quality. Individua...Fri, 07 Aug 2026 12:35:37 -0400https://blog.tonsmann.net/how-old-was-my-dad-when-he-passed-away.htmlhttps://blog.tonsmann.net/how-old-was-my-dad-when-he-passed-away.htmlLove your dad before it’s too late. My father passed away on April 23, 2016, due to stage 4 lung carcinoma. It always so painful to think about it. He was just 56. He loved us so much, never did any wrong. Almost 2 years have passed since we saw him. When did Rosanna Pansino’s dad pass away? Mr Pans...Fri, 07 Aug 2026 12:22:10 -0400https://blog.tonsmann.net/is-it-illegal-to-use-venmo-for-small-business.htmlhttps://blog.tonsmann.net/is-it-illegal-to-use-venmo-for-small-business.htmlVenmo Prohibits It Venmo may NOT otherwise be used to receive business, commercial or merchant transactions, meaning you CANNOT use Venmo to accept payment from (or send payment to) another user for a good or service, unless explicitly authorized by Venmo. How do I remove my business from Venmo? If ...Fri, 07 Aug 2026 11:59:06 -0400https://blog.tonsmann.net/do-i-file-w2-with-state-of-california.htmlhttps://blog.tonsmann.net/do-i-file-w2-with-state-of-california.htmlCalifornia State Filing The state of California does not require you to file Form W2. Even though the State of California does not require W2 Form, the IRS/SSA still requires you to file Form W2 to report wages and the taxes withheld for each of your employees for the year. How do I get my W2 from t...Fri, 07 Aug 2026 11:33:32 -0400https://blog.tonsmann.net/do-you-have-to-issue-a-1099-int-to-a-corporation.htmlhttps://blog.tonsmann.net/do-you-have-to-issue-a-1099-int-to-a-corporation.htmlYou are not required to file Form 1099-INT for payments made to certain payees including, but not limited to, a corporation, a tax-exempt organization, any individual retirement arrangement (IRA), Archer medical savings account (MSA), Medicare Advantage MSA, health savings account (HSA), a U.S. agen...Fri, 07 Aug 2026 11:28:40 -0400https://blog.tonsmann.net/what-should-i-do-with-money-from-an-inheritance.htmlhttps://blog.tonsmann.net/what-should-i-do-with-money-from-an-inheritance.htmlWhat to Do With a Large Inheritance Think Before You Spend. Pay Off Debts, Don’t Incur Them. Make Investing a Priority. Splurge Thoughtfully. Leave Something for Your Heirs or Charity. Don’t Rush to Switch Financial Advisors. The Bottom Line. How do you buy a house with an inheritance? To qualify fo...Fri, 07 Aug 2026 11:11:48 -0400https://blog.tonsmann.net/should-i-file-1040-nr-or-nr-ez.htmlhttps://blog.tonsmann.net/should-i-file-1040-nr-or-nr-ez.htmlYou should file 1040NR-EZ instead of Form 1040NR only if you are filing for years prior to 2020 and then if any of the below sounds like you: Your taxable income is less than $100,000. Who can file 1040NR-EZ? Form 1040-NR-EZ was a simplified version of the IRS tax return for nonresident aliens. The ...Fri, 07 Aug 2026 11:01:34 -0400https://blog.tonsmann.net/do-corporations-pay-taxes-on-qualified-dividends.htmlhttps://blog.tonsmann.net/do-corporations-pay-taxes-on-qualified-dividends.htmlForm 1099-DIV Dividends are the most common type of distribution from a corporation. They’re paid out of the earnings and profits of the corporation. Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates. A...Fri, 07 Aug 2026 10:49:30 -0400https://blog.tonsmann.net/what-is-the-name-of-the-money-invested-in-a-business.htmlhttps://blog.tonsmann.net/what-is-the-name-of-the-money-invested-in-a-business.htmlDefinition: Owner investment, also called owner’s investment or contributed capital, is the amount of assets that the owner puts into the company. In other words, this is the amount of money or other assets that the owner contributes to the business either to start it or to keep it running. Is money...Fri, 07 Aug 2026 10:29:44 -0400https://blog.tonsmann.net/what-is-a-1099-investment-income.htmlhttps://blog.tonsmann.net/what-is-a-1099-investment-income.htmlThe federal tax laws require brokerage firms, mutual funds, and other entities to report on Form 1099 all investment income, usually interest or dividends, they have paid to investors during the previous tax year. Form 1099 is a tax form required by the Internal Revenue Service. Where do you report ...Fri, 07 Aug 2026 10:28:43 -0400https://blog.tonsmann.net/is-there-an-income-tax-treaty-between-the-us-and-brazil.htmlhttps://blog.tonsmann.net/is-there-an-income-tax-treaty-between-the-us-and-brazil.htmlSince there is no Tax Treaty between United States and Brazil, the default position is that a taxpayer who is a US person such as a US Citizen, Legal Permanent Resident, or Foreign National who meets Substantial Presence Test is taxed on their worldwide. What is IR tax in Brazil? Federal Income Tax ...Fri, 07 Aug 2026 10:21:01 -0400https://blog.tonsmann.net/does-capcut-support-4k.htmlhttps://blog.tonsmann.net/does-capcut-support-4k.htmlWhat is an actual shortcoming however if you are after the highest possible quality is the fact that CapCut lacks support for UHD/4K export. While you don’t have to create an account for CapCut, you do have to agree to their T&Cs to use the app. How much do video editors get a year? How Much Do ...Fri, 07 Aug 2026 10:07:36 -0400https://blog.tonsmann.net/how-long-does-my-tax-return-take-to-be-approved.htmlhttps://blog.tonsmann.net/how-long-does-my-tax-return-take-to-be-approved.htmlThey will provide an actual refund date as soon as the IRS processes your tax return and approves your refund. Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. How can I verify my return in net bank...Fri, 07 Aug 2026 09:40:58 -0400https://blog.tonsmann.net/when-should-hoa-meeting-minutes-be-distributed.htmlhttps://blog.tonsmann.net/when-should-hoa-meeting-minutes-be-distributed.htmlwithin 30 days The general advice given in Robert’s Rules is that the minutes should serve as a record only of the final form of the key actions. By most statutes, the association must distribute or otherwise make the minutes available to association members within 30 days of the open meeting. How o...Fri, 07 Aug 2026 09:26:04 -0400https://blog.tonsmann.net/how-do-i-use-turbotax-without-deluxe.htmlhttps://blog.tonsmann.net/how-do-i-use-turbotax-without-deluxe.htmlIf you have not paid for or registered your TurboTax return then you can use the Clear and Start Over feature to downgrade. Select My Account, then click on Clear & start over. How do I change from Deluxe to free? Click on Tax Tools on the left side of the program screen while working on the 201...Fri, 07 Aug 2026 08:54:34 -0400https://blog.tonsmann.net/what-is-a-business-partner-relationship.htmlhttps://blog.tonsmann.net/what-is-a-business-partner-relationship.htmlA business partner is a commercial entity with which another commercial entity has some form of alliance. This relationship may be a contractual, exclusive bond in which both entities commit not to ally with third parties. What kind of business can couples start? Business ideas for couples Catering ...Fri, 07 Aug 2026 08:38:42 -0400https://blog.tonsmann.net/can-i-deduct-my-portion-of-health-insurance-premiums.htmlhttps://blog.tonsmann.net/can-i-deduct-my-portion-of-health-insurance-premiums.htmlHealth insurance premiums can count as a tax-deductible medical expense (along with other out-of-pocket medical expenses) if you itemize your deductions. You can only deduct medical expenses after they exceed 7.5% of your adjusted gross income. Are long term care insurance premiums tax-deductible in...Fri, 07 Aug 2026 08:37:24 -0400https://blog.tonsmann.net/what-are-my-rights-as-an-investor-in-a-company.htmlhttps://blog.tonsmann.net/what-are-my-rights-as-an-investor-in-a-company.htmlThe right to vote to elect a board of directors; The right to vote on all major business decisions; The right to be informed about all significant business decisions; The right to sue you or the company if they feel their rights aren’t be respected. Do investors have legal protection? Securities Act...Fri, 07 Aug 2026 08:21:42 -0400https://blog.tonsmann.net/who-can-claim-qbi-on-their-tax-return.htmlhttps://blog.tonsmann.net/who-can-claim-qbi-on-their-tax-return.htmlWho can claim the QBI deduction? Let’s start out easy. If your 2020 taxable income is less than $329,800 as a married filing jointly (MFJ) taxpayer or $164,900 as any other tax filing status – good news! You’re able to claim this 20% deduction on your qualified business income or taxable income. Can...Fri, 07 Aug 2026 08:03:56 -0400https://blog.tonsmann.net/what-is-an-example-of-an-incentive-program.htmlhttps://blog.tonsmann.net/what-is-an-example-of-an-incentive-program.htmlExamples of Incentive Plan Rewards Online rewards. Group incentive travel. Debit card rewards. Gift card rewards. What do you reward with incentive system? Rewarding Your Employees: 15 Examples of Successful Incentives in The Corporate World Taking Care Of The Family: Giving Free Vacations: Big Mo...Fri, 07 Aug 2026 07:59:34 -0400https://blog.tonsmann.net/how-do-i-know-if-turbotax-owes-me-money.htmlhttps://blog.tonsmann.net/how-do-i-know-if-turbotax-owes-me-money.htmlIf you used TurboTax to e-file your return, you can login to your TurboTax Online account to check the e-file status. After your tax return has been accepted by the IRS, only the IRS can tell you the status of processing that return, whether you owe taxes or are due a tax refund. How do I see my pas...Fri, 07 Aug 2026 07:58:11 -0400https://blog.tonsmann.net/how-much-loss-can-i-claim-on-stocks.htmlhttps://blog.tonsmann.net/how-much-loss-can-i-claim-on-stocks.htmlThe IRS limits your net loss to $3,000 (for individuals and married filing jointly) or $1,500 (for married filing separately). Any unused capital losses are rolled over to future years. If you exceed the $3,000 threshold for a given year, don’t worry. Can you claim a capital loss on shares? “There’s...Fri, 07 Aug 2026 07:47:45 -0400https://blog.tonsmann.net/is-it-mandatory-to-have-health-insurance-in-2021.htmlhttps://blog.tonsmann.net/is-it-mandatory-to-have-health-insurance-in-2021.htmlIs there a penalty for not having insurance? There is no federal government penalty for being uninsured in 2021, but you still need coverage! The ACA’s federal individual mandate penalty has been $0 since the start of 2019, and that will continue to be the case in 2021. What is the law that makes he...Fri, 07 Aug 2026 07:44:41 -0400https://blog.tonsmann.net/can-the-state-take-away-your-pension.htmlhttps://blog.tonsmann.net/can-the-state-take-away-your-pension.htmlA state that treats pension benefits as contractual in nature is generally prohibited under the Contracts Clause of the U.S. Constitution from passing legislation that substantially impairs that contract. Are out of state pensions taxed in Maine? Is Maine tax-friendly for retirees? Social Security i...Fri, 07 Aug 2026 07:23:56 -0400https://blog.tonsmann.net/what-are-the-standard-deductions-for-married-filing-jointly.htmlhttps://blog.tonsmann.net/what-are-the-standard-deductions-for-married-filing-jointly.htmlThe standard deduction for the married filing jointly status is the largest available. As of tax year 2020, the return you’d file in 2021, the standard deductions are: 2  What happens when you file a joint tax return with your spouse? According to the IRS, “If you and your spouse decide to file a j...Fri, 07 Aug 2026 07:16:45 -0400https://blog.tonsmann.net/who-qualifies-for-insurance-under-aca.htmlhttps://blog.tonsmann.net/who-qualifies-for-insurance-under-aca.htmlTo be eligible to enroll in health coverage through the Marketplace, you: Must live in the United States. Must be a U.S. citizen or national (or be lawfully present). Learn about eligible immigration statuses. What kind of health insurance is ACA? ACA-compliant refers to a major medical health insur...Fri, 07 Aug 2026 06:58:18 -0400https://blog.tonsmann.net/can-a-small-business-accept-apple-pay.htmlhttps://blog.tonsmann.net/can-a-small-business-accept-apple-pay.htmlApple Pay is a contactless mobile payment system that allows customers to make payments using an iPhone, iPad or Apple Watch. This payment method is secure for both users and businesses, due to tokenization and encryption technology. There are no fees or additional costs for businesses to accept App...Fri, 07 Aug 2026 06:44:25 -0400https://blog.tonsmann.net/can-you-combine-ira-and-401k-in-same-year.htmlhttps://blog.tonsmann.net/can-you-combine-ira-and-401k-in-same-year.htmlThe quick answer is yes, you can have both a 401(k) and an individual retirement account (IRA) at the same time. 1 2 However, depending on your individual situation, you may or may not be eligible for tax-advantaged contributions to both of them in any given tax year. Should I consolidate my 401k ...Fri, 07 Aug 2026 06:40:40 -0400https://blog.tonsmann.net/can-a-s-corporation-receive-a-1099-form.htmlhttps://blog.tonsmann.net/can-a-s-corporation-receive-a-1099-form.htmlAn easy way to remember the IRS rule is that corporations do not receive 1099 forms regardless of whether they are S or C corporations. Sole proprietors, partnerships, and unincorporated contractors do. You should also issue 1099-MISC forms for: Lawyer fees, even if the attorney is incorporated. Can...Fri, 07 Aug 2026 06:38:25 -0400https://blog.tonsmann.net/how-do-you-interview-a-bookkeeper-position.htmlhttps://blog.tonsmann.net/how-do-you-interview-a-bookkeeper-position.htmlYou can ask general, open-ended questions such as the following: “Tell me about yourself.” “Why did you apply for this bookkeeping position?” Why did you choose this career? “Why are you interested in leaving your current job?” “What goals do you have in your career? Why should I hire you as a bookk...Fri, 07 Aug 2026 06:31:49 -0400https://blog.tonsmann.net/why-does-my-w-2-have-nothing-in-box-2.htmlhttps://blog.tonsmann.net/why-does-my-w-2-have-nothing-in-box-2.htmlIf Box 2 on your Form W-2 is empty, it means that federal taxes were not withheld from your paychecks. Note: If you believe that you did have federal taxes withheld from your wages, you should contact your employer and request a corrected W-2 before you file your tax return. What if box 1 on my W-2 ...Fri, 07 Aug 2026 05:56:31 -0400https://blog.tonsmann.net/is-a-business-truck-an-asset.htmlhttps://blog.tonsmann.net/is-a-business-truck-an-asset.htmlFixed assets include property, plant, and equipment (PP&E) and are recorded on the balance sheet. Fixed assets are also referred to as tangible assets, meaning they’re physical assets. Below are examples of fixed assets: Vehicles such as company trucks. What assets can a business buy? An asset s...Fri, 07 Aug 2026 05:39:07 -0400https://blog.tonsmann.net/what-does-federal-income-tax-withheld-mean-on-w2.htmlhttps://blog.tonsmann.net/what-does-federal-income-tax-withheld-mean-on-w2.htmlUnderstand tax withholding An employer generally withholds income tax from their employee’s paycheck and pays it to the IRS on their behalf. Wages paid, along with any amounts withheld, are reflected on the Form W-2, Wage and Tax Statement, the employee receives at the end of the year. Why is my w2 ...Fri, 07 Aug 2026 05:33:28 -0400https://blog.tonsmann.net/do-retirees-receive-a-w-2.htmlhttps://blog.tonsmann.net/do-retirees-receive-a-w-2.htmlLike the W-2 you receive when you’re employed, retirees have their own version of income reported to the IRS. This is a tax form called a 1099-R. Also like a W-2, the 1099-R is released annually after the end of each year you collect retirement income. Does 401k show up on W-2? Generally, contributi...Fri, 07 Aug 2026 04:50:15 -0400https://blog.tonsmann.net/what-is-a-nonresident-alien-employee.htmlhttps://blog.tonsmann.net/what-is-a-nonresident-alien-employee.htmlMore In File An alien is any individual who is not a U.S. citizen or U.S. national. A nonresident alien is an alien who has not passed the green card test or the substantial presence test. Are nonresident aliens legal? Green Card Test A non-resident alien is a lawful permanent resident of the U.S. a...Fri, 07 Aug 2026 04:38:57 -0400https://blog.tonsmann.net/do-i-need-a-lawyer-for-a-trust.htmlhttps://blog.tonsmann.net/do-i-need-a-lawyer-for-a-trust.htmlYou do not need an attorney to make a trust, but you will need to know how to form a trust on your own. Many people who want to create a living trust contemplate hiring a living trust lawyer. Hiring a living trust lawyer can cost between $1,200 to $2,000, which does not itself guarantee you top-qual...Fri, 07 Aug 2026 04:26:48 -0400https://blog.tonsmann.net/what-does-it-mean-when-your-taxes-have-been-received-and-being-process.htmlhttps://blog.tonsmann.net/what-does-it-mean-when-your-taxes-have-been-received-and-being-process.html“Being processed”, means the IRS must first process your return and then approve your refund. Even though the IRS issues most refunds in less than 21 days after they receive your tax return, it’s possible your tax return may require additional review and take longer. What does it mean when your taxe...Fri, 07 Aug 2026 04:11:38 -0400https://blog.tonsmann.net/can-melanoma-spread-after-being-removed.htmlhttps://blog.tonsmann.net/can-melanoma-spread-after-being-removed.htmlAfter surgery, another treatment may be given to kill any remaining cancer cells. If it’s likely the cancer has spread, surgery becomes more complex. A surgeon may remove the melanoma along with the first lymph node to which the cancer is likely to spread. How long does it take for melanoma in situ ...Fri, 07 Aug 2026 04:05:51 -0400https://blog.tonsmann.net/do-you-need-turbo-tax-for-prior-years.htmlhttps://blog.tonsmann.net/do-you-need-turbo-tax-for-prior-years.htmlTo do your taxes for prior years, you will need the tax software for those years. TurboTax Online is only available for the current year, however, you can purchase the CD/Download versions for prior years here to prepare your returns for the past 3 years: Prior year TurboTax Products Can you transfe...Fri, 07 Aug 2026 03:50:34 -0400https://blog.tonsmann.net/do-i-need-to-file-an-injured-spouse-form-this-year.htmlhttps://blog.tonsmann.net/do-i-need-to-file-an-injured-spouse-form-this-year.htmlThe form will be filed with your 2020 Tax Return, due April 15, 2021. Only the injured spouse needs to sign the form and be sure you include your tax forms (W-2, W-2G, 1099, etc.) to show federal income tax withholding for both spouses if applicable. You do NOT need to attach the previously filed ta...Fri, 07 Aug 2026 03:47:30 -0400https://blog.tonsmann.net/does-life-insurance-affect-ssdi.htmlhttps://blog.tonsmann.net/does-life-insurance-affect-ssdi.htmlYes, individuals who are currently receiving SSDI or SSI may be able to qualify for a traditional term or whole life insurance policy. In fact, some may even be able to qualify for a Standard or better rate! What happens when SSDI recipient dies? If the deceased was receiving Social Security benefit...Fri, 07 Aug 2026 03:46:01 -0400https://blog.tonsmann.net/what-happens-if-ira-beneficiary-is-deceased.htmlhttps://blog.tonsmann.net/what-happens-if-ira-beneficiary-is-deceased.htmlIf a primary beneficiary dies before the IRA owner, she generally ceases to be a beneficiary and the assets would be divided among the remaining surviving beneficiaries. If the original beneficiaries are entitled to equal percentages, then they are entitled to an equal share of the predeceased benef...Fri, 07 Aug 2026 03:40:37 -0400https://blog.tonsmann.net/are-employers-required-to-send-1095-c.htmlhttps://blog.tonsmann.net/are-employers-required-to-send-1095-c.htmlForm 1095-C, Employer-Provided Health Insurance Offer and Coverage, is a mandatory form that applicable large employers (ALEs) must file. Applicable large employers must complete Form 1095-C for each full-time employee, including those who declined coverage. Employers must send Forms 1095-C to emplo...Fri, 07 Aug 2026 03:37:18 -0400https://blog.tonsmann.net/what-to-do-if-you-receive-a-1099-c.htmlhttps://blog.tonsmann.net/what-to-do-if-you-receive-a-1099-c.htmlIf you receive a 1099-C for a debt you were not aware was discharged, clarify the status of the debt with the creditor. If they are following the old rule, request that they rescind the 1099-C under Internal Revenue Bulletin 2016-48, T.D. 9793. Rescinding the 1099-C will alert the IRS that it was is...Fri, 07 Aug 2026 03:17:54 -0400https://blog.tonsmann.net/can-you-be-a-sole-proprietor-without-an-ein.htmlhttps://blog.tonsmann.net/can-you-be-a-sole-proprietor-without-an-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. Is your EIN number attached t...Fri, 07 Aug 2026 03:10:17 -0400https://blog.tonsmann.net/is-there-an-extension-on-maryland-state-taxes.htmlhttps://blog.tonsmann.net/is-there-an-extension-on-maryland-state-taxes.htmlIf you live in Maryland, you have until July 15 to file state taxes. The deadline to file and pay Maryland state taxes is July 15, 2021. Has Maryland extended the tax deadline? The state income tax filing deadline for Marylanders has been extended by three months to July 15, 2021. No interest or pen...Fri, 07 Aug 2026 02:48:43 -0400https://blog.tonsmann.net/who-reports-1099-q-on-tax-return.htmlhttps://blog.tonsmann.net/who-reports-1099-q-on-tax-return.htmlThe person who receives the funds and whose Social Security number is on the form has to report the 1099-Q on their tax return. What is reported on 1099-Q? Form 1099-Q lists the total distributions from a 529 plan or Coverdell ESA during a given tax year, regardless of how the funds were spent. The ...Fri, 07 Aug 2026 02:17:28 -0400https://blog.tonsmann.net/when-was-the-first-home-owner-grant-introduced.htmlhttps://blog.tonsmann.net/when-was-the-first-home-owner-grant-introduced.htmlGeneral Information. The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. How much does it cost to buy a home in Baltimore? Join us from the comfort of your home to build your real estate dream team while becoming eligible to apply...Fri, 07 Aug 2026 02:02:19 -0400https://blog.tonsmann.net/how-do-you-answer-situational-questions.htmlhttps://blog.tonsmann.net/how-do-you-answer-situational-questions.htmlUse the following steps to answer situational interview questions: Explain the situation. You’ll first need to explain the similar situation you’re using to answer the question before you get into what you did to solve it. Describe the problem. Outline the action you took to remedy the problem. T...Fri, 07 Aug 2026 01:24:30 -0400https://blog.tonsmann.net/how-is-rent-received-taxed.htmlhttps://blog.tonsmann.net/how-is-rent-received-taxed.htmlRenting out part or all of your home If you rented out part, or all, of your home, the rent money you received is assessable income. This means: you must declare the rental income in your income tax return. you can claim deductions for associated expenses, such as part or all of the interest on your...Fri, 07 Aug 2026 01:01:22 -0400https://blog.tonsmann.net/what-does-it-mean-for-a-school-to-be-credited.htmlhttps://blog.tonsmann.net/what-does-it-mean-for-a-school-to-be-credited.htmlCredits are one of the primary methods used to determine and document that students have met academic requirements, generally at the high school level. Credits are awarded upon completing and passing a course or required school program. Most public high schools require students to accumulate credits...Fri, 07 Aug 2026 00:31:39 -0400https://blog.tonsmann.net/can-you-work-after-military-retirement.htmlhttps://blog.tonsmann.net/can-you-work-after-military-retirement.htmlFederal law allows active duty military veterans to buy back their active duty time from the FERS system and earn additional credits toward a FERS retirement. If you retire from the Guard or Reserves, you can even use this service toward both military retirement and a FERS retirement. Is retired mil...Fri, 07 Aug 2026 00:21:04 -0400https://blog.tonsmann.net/why-is-turbo-tax-taking-so-long.htmlhttps://blog.tonsmann.net/why-is-turbo-tax-taking-so-long.htmlSome tax returns take longer than others to process depending on your tax situation. Some of the reasons it may take longer include incomplete information, an error, or the IRS may need to review it further. I requested my money be automatically deposited into my bank account, but I was mailed a che...Fri, 07 Aug 2026 00:18:43 -0400https://blog.tonsmann.net/what-is-the-recently-passed-secure-act.htmlhttps://blog.tonsmann.net/what-is-the-recently-passed-secure-act.htmlAs part of a larger government spending package signed into law on December 20, 2019, Congress included provisions from the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The act includes reforms that could make saving for retirement easier and more accessible for many Americans...Fri, 07 Aug 2026 00:13:54 -0400https://blog.tonsmann.net/can-musicians-get-pua.htmlhttps://blog.tonsmann.net/can-musicians-get-pua.htmlCan I receive UI? Typically, no. If you are self-employed or an independent contractor and agree with your classification, you should not file a UI claim; you should instead file for Pandemic Emergency Assistance (PUA) (California will launch the application process on April 28). How do musicians ma...Fri, 07 Aug 2026 00:07:07 -0400https://blog.tonsmann.net/do-copywriters-write-ads.htmlhttps://blog.tonsmann.net/do-copywriters-write-ads.htmlIn addition to writing scripts for TV commercials and radio ads, copywriters can be asked by clients to write other scripts as well. Even though these scripts won’t be used for commercials or radio spots, they are just as important forms of advertising. How do you write an ad as a creative copywrite...Fri, 07 Aug 2026 00:03:16 -0400https://blog.tonsmann.net/what-kind-of-property-can-be-sold-on-form-4797.htmlhttps://blog.tonsmann.net/what-kind-of-property-can-be-sold-on-form-4797.htmlForm 4797 – Sale of Business Property Type of Property Held 1 year or less Held more than 1 year 1 Depreciable trade or business property: a Sold or exchanged at a gain Part II Part III (1245, 1250) b Sold or exchanged at a loss Part II Part I 2 Depreciable residential rental property: How long is ...Thu, 06 Aug 2026 23:25:43 -0400https://blog.tonsmann.net/is-turbotax-free-for-social-security.htmlhttps://blog.tonsmann.net/is-turbotax-free-for-social-security.htmlYes, the Free edition supports Form 1040A so that you can use the Free edition to enter Social Security benefits paid from a Form SSA-1099. And pension income reported on a Form 1099-R. How much is Soc Sec taxed? You’ll be taxed on: up to 50 percent of your benefits if your income is $25,000 to $34,...Thu, 06 Aug 2026 23:21:00 -0400https://blog.tonsmann.net/what-qualifies-as-household-employee.htmlhttps://blog.tonsmann.net/what-qualifies-as-household-employee.htmlA household employee is an individual who is paid to provide a service within their employer’s residence. Some examples of household employees (or household workers) include babysitters, nannies, and gardeners. Independent contractors such as repairmen, carpenters, and plumbers are not considered ho...Thu, 06 Aug 2026 23:06:58 -0400https://blog.tonsmann.net/can-home-sellers-lie-about-multiple-offers.htmlhttps://blog.tonsmann.net/can-home-sellers-lie-about-multiple-offers.htmlIf you live in a market where there are now more buyers than there are homes for sale, you may encounter a multiple-bid situation. Those rules and laws would prohibit the real estate agent from lying, but the agent has the ability to market the property to get the seller the best price possible. How...Thu, 06 Aug 2026 23:03:27 -0400https://blog.tonsmann.net/what-to-know-before-living-in-an-rv-full-time.htmlhttps://blog.tonsmann.net/what-to-know-before-living-in-an-rv-full-time.html10 Things to Know About Living in an RV Full-Time Different Types of RV Dwellers. Choose the Right Travel Partner. Select an RV That Meets Your Needs. You’ll Need to be a Minimalist. Roadside Assistance is Worth it. Campsites Range From Cheap to Pricey. You Can’t Boondock Just Any Old Place. ...Thu, 06 Aug 2026 22:44:43 -0400https://blog.tonsmann.net/what-industry-does-property-management-fall-under.htmlhttps://blog.tonsmann.net/what-industry-does-property-management-fall-under.htmlThe Property Management industry includes companies that primarily handle the maintenance of commercial, industrial and residential real estate. Is property Management stressful? Whether it’s demanding residents or unreasonable board members, maintenance headaches or a barely-under-control work sche...Thu, 06 Aug 2026 21:49:10 -0400https://blog.tonsmann.net/can-a-us-citizen-living-abroad-have-to-pay-taxes.htmlhttps://blog.tonsmann.net/can-a-us-citizen-living-abroad-have-to-pay-taxes.htmlUS taxes abroad is a real thing! The United States is the only country in the world that places the same tax regime for citizens on the homeland and abroad. What if Other Countries Adopted the US tax Approach? Do you have to pay US taxes if you are an alien? U.S. Citizens and Resident Aliens Abroad....Thu, 06 Aug 2026 21:25:16 -0400https://blog.tonsmann.net/is-workmens-compensation-taxable.htmlhttps://blog.tonsmann.net/is-workmens-compensation-taxable.htmlTaxes on Workers’ Compensation in California Worker’s compensation money is exempt from taxes in the overwhelming majority of cases. Worker’s compensation is a public, federally funded benefit that serves to protect injured workers while they recover. Is workers compensation taxable ATO? The weekly ...Thu, 06 Aug 2026 21:18:59 -0400https://blog.tonsmann.net/why-is-my-tax-refund-different-than-what-i-filed.htmlhttps://blog.tonsmann.net/why-is-my-tax-refund-different-than-what-i-filed.htmlWhy is my refund different than the amount on the tax return I filed? All or part of your refund may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans....Thu, 06 Aug 2026 20:59:39 -0400https://blog.tonsmann.net/is-there-a-fee-for-not-having-health-insurance-in-2020.htmlhttps://blog.tonsmann.net/is-there-a-fee-for-not-having-health-insurance-in-2020.htmlThe federal individual mandate penalty was eliminated at the end of 2018. There is a penalty in New Jersey, DC, Massachusetts, California, and Rhode Island. Vermont enacted a mandate that took effect in 2020, but there is no penalty for non-compliance. When can I get health insurance for 2020? The 2...Thu, 06 Aug 2026 20:36:56 -0400https://blog.tonsmann.net/do-you-pay-new-york-city-tax-if-you-live-in-new-jersey.htmlhttps://blog.tonsmann.net/do-you-pay-new-york-city-tax-if-you-live-in-new-jersey.htmlDo You Need to Pay Taxes in Both NY and NJ? You won’t have to pay New York City taxes, and you won’t be fully double taxed on your state income. Your employer will have withheld New York state taxes throughout the year, and you will then gain a New Jersey tax credit back for those taxes. What determ...Thu, 06 Aug 2026 20:21:35 -0400https://blog.tonsmann.net/can-a-foreign-company-operate-in-singapore.htmlhttps://blog.tonsmann.net/can-a-foreign-company-operate-in-singapore.htmlIn Singapore, companies can be fully foreign-owned, which allows foreign companies to incorporate a subsidiary company and own 100% of its shares. Under Singaporean law, a subsidiary company is considered as a separate entity (from its foreign parent company) and is treated as a local Singapore comp...Thu, 06 Aug 2026 20:18:21 -0400https://blog.tonsmann.net/what-happens-if-you-give-your-daughter-a-house.htmlhttps://blog.tonsmann.net/what-happens-if-you-give-your-daughter-a-house.htmlWhat she gives you must be equal to the home’s fair market value. If you give her a house worth $300,000 and if she does not give you cash or property worth $300,000 in return, the Internal Revenue Service considers the house a gift. Gifts may have tax consequences for the giver. What happens if I g...Thu, 06 Aug 2026 20:01:37 -0400https://blog.tonsmann.net/what-happens-if-a-company-pays-you-after-you-quit.htmlhttps://blog.tonsmann.net/what-happens-if-a-company-pays-you-after-you-quit.htmlUnder federal law, your employer does not have to give you your final paycheck right after you quit. In most states, an employer must give departing employees their final wages by a certain time, and different states have different rules. Sometimes, when you get paid depends on how you left the comp...Thu, 06 Aug 2026 19:56:19 -0400https://blog.tonsmann.net/what-expenses-can-you-claim-for-when-self-employed.htmlhttps://blog.tonsmann.net/what-expenses-can-you-claim-for-when-self-employed.htmlCosts you can claim as allowable expenses office costs, for example stationery or phone bills. travel costs, for example fuel, parking, train or bus fares. clothing expenses, for example uniforms. staff costs, for example salaries or subcontractor costs. things you buy to sell on, for example stock ...Thu, 06 Aug 2026 19:39:55 -0400https://blog.tonsmann.net/who-qualifies-for-the-hctc.htmlhttps://blog.tonsmann.net/who-qualifies-for-the-hctc.htmlClaiming the HCTC requires that you are an eligible recipient of a qualifying trade adjustment assistance program, currently on an approved break from such training or receiving unemployment insurance in lieu of training. You may also qualify if you are 55 or older and a PBGC payee. How does the Hct...Thu, 06 Aug 2026 19:33:05 -0400https://blog.tonsmann.net/how-do-medical-cost-sharing-plans-work.htmlhttps://blog.tonsmann.net/how-do-medical-cost-sharing-plans-work.htmlHealth care sharing plans are provided by organizations whose members “share” medical costs.As part of a health care sharing plan, you are responsible for paying in a certain share amount each month (like a premium) as well as an “annual unshared amount” for your own expenses (like a deductible) tha...Thu, 06 Aug 2026 19:32:52 -0400https://blog.tonsmann.net/is-third-party-sick-pay-on-a-w-2-taxable.htmlhttps://blog.tonsmann.net/is-third-party-sick-pay-on-a-w-2-taxable.htmlThird-party sick pay reported in box 12 with Code J is not taxable. (Additionally, a return containing a W-2 with $0 in box 1 will reject if e-filed.) Third party sick pay reported in Box 1 of the W-2 is considered taxable income and should be reported as such. Is third party sick pay included in Bo...Thu, 06 Aug 2026 19:06:58 -0400https://blog.tonsmann.net/can-a-limited-partnership-invest-in-commercial-real-estate.htmlhttps://blog.tonsmann.net/can-a-limited-partnership-invest-in-commercial-real-estate.htmlLimited partnerships, on the other hand, have targets, but they are not compulsory. One of the best ways to break into the commercial real estate world is through a successful partnership. Essentially, commercial real estate raises the stakes when compared to residential investments. What makes a RE...Thu, 06 Aug 2026 18:58:26 -0400https://blog.tonsmann.net/when-is-the-last-day-to-file-your-2017-tax-return.htmlhttps://blog.tonsmann.net/when-is-the-last-day-to-file-your-2017-tax-return.html May 17, 2021 is the last day to file your original 2017 tax return to claim a refund. If you received an extension for the 2017 return then your deadline is October 15, 2021. If you miss the deadline, any excess in the amount of tax you paid every paycheck or sent as quarterly estimated payments in...Thu, 06 Aug 2026 18:49:15 -0400https://blog.tonsmann.net/can-you-take-a-lump-sum-out-of-your-pension.htmlhttps://blog.tonsmann.net/can-you-take-a-lump-sum-out-of-your-pension.htmlLump sums from your pension. You can usually take up to 25% of the amount built up in any pension as a tax-free lump sum. The tax-free lump sum doesn’t affect your Personal Allowance. Tax is taken off the remaining amount before you get it. Example: Your whole pension is worth £60,000. When is the b...Thu, 06 Aug 2026 18:44:10 -0400https://blog.tonsmann.net/how-do-i-issue-a-w-2-for-my-nanny.htmlhttps://blog.tonsmann.net/how-do-i-issue-a-w-2-for-my-nanny.htmlSteps to Generate a W-2 for your nanny Go to the online tool found at Click on the button to Log in to Business Services Online (or Register if you have not done so previously). Follow the instructions to report Wages to Social Security, and Create Forms W-2/W-3. Do I have to give my nanny a W-2? Y...Thu, 06 Aug 2026 18:36:22 -0400https://blog.tonsmann.net/at-what-age-can-you-legally-choose-to-not-see-a-parent-in-new-jersey.htmlhttps://blog.tonsmann.net/at-what-age-can-you-legally-choose-to-not-see-a-parent-in-new-jersey.html18 In New Jersey, a child cannot absolutely decide with which parent to live, until s/he turns 18, which is the age of majority. Before that age, the older the child, the more likely a Judge will pay attention to the child’s stated preferences for parental living arrangements. When can you live on y...Thu, 06 Aug 2026 18:13:16 -0400https://blog.tonsmann.net/can-you-get-sued-if-you-file-bankruptcy.htmlhttps://blog.tonsmann.net/can-you-get-sued-if-you-file-bankruptcy.htmlFiling for bankruptcy will get rid of some, but not all, lawsuits. Many people choose to file for bankruptcy after being served with a lawsuit with good reason—bankruptcy will stop many legal actions cold. Even so, a bankruptcy case won’t stop every action you might face. What happens to a lifetime ...Thu, 06 Aug 2026 18:11:54 -0400https://blog.tonsmann.net/what-can-i-do-to-take-my-nieces-and-nephew-out-of-my-foster-and-home.htmlhttps://blog.tonsmann.net/what-can-i-do-to-take-my-nieces-and-nephew-out-of-my-foster-and-home.htmlYes, You will have to file a petition for guardianship or adoption. The process can be complicated. And will normally require a home investigation by DHS. Can an uncle take custody of a child? California law gives first priority for custody rights to the parents. However, if the court does not give ...Thu, 06 Aug 2026 17:56:35 -0400https://blog.tonsmann.net/is-credit-card-interest-ever-tax-deductible.htmlhttps://blog.tonsmann.net/is-credit-card-interest-ever-tax-deductible.htmlYou’re allowed to take a tax deduction for some types of interest payments, but unfortunately, credit card interest is not among them. The tax code classifies the interest you pay on credit cards as “personal interest,” a category that hasn’t been deductible since the 1980s. Are interest payments ta...Thu, 06 Aug 2026 17:34:18 -0400https://blog.tonsmann.net/how-can-i-download-my-tax-audit-report.htmlhttps://blog.tonsmann.net/how-can-i-download-my-tax-audit-report.htmlIncome Tax Department Go to the ‘My Account’ menu and Click ‘View e-Filed Returns / Forms’ hyperlink. Select the applicable option from the dropdown and click ‘Submit’ to view the details of the e-Filed Return/Forms. ​ Can you get audited for previous years? How far back can the IRS go to audit my r...Thu, 06 Aug 2026 16:53:59 -0400https://blog.tonsmann.net/what-is-a-credit-card-charge-off-rate.htmlhttps://blog.tonsmann.net/what-is-a-credit-card-charge-off-rate.htmlThe credit card charge-off rate is a measure that shows the percentage of defaulted credit card balances in comparison to the total amount of credit outstanding. Credit card companies track credit card charge-off rates to monitor the performance of their credit card loans. What is a charge-off ratio...Thu, 06 Aug 2026 16:30:35 -0400https://blog.tonsmann.net/what-happens-if-you-have-too-much-purchased-on-credit.htmlhttps://blog.tonsmann.net/what-happens-if-you-have-too-much-purchased-on-credit.htmlWhile spending over your credit limit may provide short-term relief, it can cause long-term financial issues, including fees, debt and damage to your credit score. You should avoid maxing out your card and spending anywhere near your credit limit. Best practice is to try to maintain a low credit uti...Thu, 06 Aug 2026 16:29:54 -0400https://blog.tonsmann.net/can-student-loan-interest-be-deducted-in-2019.htmlhttps://blog.tonsmann.net/can-student-loan-interest-be-deducted-in-2019.htmlAnd while you can’t deduct a student loan on your federal tax return, the interest from student loan payments is tax-deductible. The student loan interest deduction allows you to deduct up to $2,500 on your federal income tax return for the loan interest you paid during the year. Can I write off int...Thu, 06 Aug 2026 16:26:32 -0400https://blog.tonsmann.net/is-there-a-penalty-for-paying-extra-on-student-loans.htmlhttps://blog.tonsmann.net/is-there-a-penalty-for-paying-extra-on-student-loans.htmlThere are no prepayment penalties on federal student loans or private student loans. You can make extra payments on your student loans or pay them off in-full without paying a fee or other penalty. To make a payment, contact the loan’s servicer. Can you make extra payments on a student loan? If you ...Thu, 06 Aug 2026 16:23:32 -0400https://blog.tonsmann.net/has-the-w4-form-changed-for-2020.htmlhttps://blog.tonsmann.net/has-the-w4-form-changed-for-2020.htmlIn 2020, the W-4 form changed to help individuals withhold federal income tax more accurately from their paychecks. Learn everything you need to know so you can update your W-4 with confidence. Why did they change the w4 form 2020? As with the changes for multiple jobs and working spouses, the new W...Thu, 06 Aug 2026 16:13:41 -0400https://blog.tonsmann.net/what-happens-if-i-use-my-401k-to-buy-a-house.htmlhttps://blog.tonsmann.net/what-happens-if-i-use-my-401k-to-buy-a-house.htmlAmounts withdrawn from your 401(k) plan and used toward the purchase of your home will be subject to income tax and a 10% early-distribution penalty (if you’re under the age of 59½). Even though the distribution will be used towards the purchase of your first home, the first-time homebuyer exception...Thu, 06 Aug 2026 14:53:49 -0400https://blog.tonsmann.net/can-i-claim-80d-for-in-laws.htmlhttps://blog.tonsmann.net/can-i-claim-80d-for-in-laws.htmlTo avail tax benefits under section 80D, you parents-in-law must not be covered under any health insurance plan. If the disability is severe, your spouse and you can avail deductions up to Rs. 1,25,000. Can a dependent file their own taxes? Your dependent has to report their income on their own tax ...Thu, 06 Aug 2026 14:43:34 -0400https://blog.tonsmann.net/what-is-a-good-roi-for-small-business.htmlhttps://blog.tonsmann.net/what-is-a-good-roi-for-small-business.htmlBecause small business owners usually have to take more risks, most business experts advise buyers of typical small companies to look for an ROI between 15 and 30 percent. How do small business owners invest in retirement? Retirement Plan Options for the Self-Employed. There are five main choices fo...Thu, 06 Aug 2026 14:14:29 -0400https://blog.tonsmann.net/how-do-you-ask-about-income-in-a-questionnaire.htmlhttps://blog.tonsmann.net/how-do-you-ask-about-income-in-a-questionnaire.htmlA single question, giving an overview of the person’s income should be more than enough. Wording the question appropriately – Be careful while asking the question so that the respondents don’t find it intrusive or get offended. Choose the right range and include ‘prefer not to say’ option. How quest...Thu, 06 Aug 2026 13:53:25 -0400https://blog.tonsmann.net/is-a-member-of-an-llc-an-owner.htmlhttps://blog.tonsmann.net/is-a-member-of-an-llc-an-owner.htmlThe members are the owners of an LLC, like shareholders are the owners of a corporation. Members do not own the LLC’s property. They may or may not manage the business and affairs. CAN a corp be a member of an LLC? A corporation can not only be a member of an LLC but also isn’t even required to be i...Thu, 06 Aug 2026 13:23:07 -0400https://blog.tonsmann.net/when-was-the-last-time-you-had-a-divorce.htmlhttps://blog.tonsmann.net/when-was-the-last-time-you-had-a-divorce.htmlMost experts agree that a recent divorce is one that happened within the last year or two. Divorces, like men, come in all shapes, sizes, and situations. Sometimes there are amicable divorces; sometimes there are epic divorces that last years and years with lots of “collateral damage.” When is the b...Thu, 06 Aug 2026 13:20:17 -0400https://blog.tonsmann.net/can-mental-illness-cause-physical-problems.htmlhttps://blog.tonsmann.net/can-mental-illness-cause-physical-problems.htmlSo if you’re experiencing unexplained aches and pains, it might be linked to your mental health. According to Carla Manley, PhD, a clinical psychologist and author, people with mental illnesses can experience a range of physical symptoms, such as muscle tension, pain, headaches, insomnia, and feelin...Thu, 06 Aug 2026 13:13:16 -0400