Can I sue a company for losing my money?
In theory, if you have lost money because your broker (or any financial institution) gave you bad advice, mismanaged your investments, misled you in any w...
When do you get a 1099-R for life insurance?
This means it’s possible to receive a 1099-R even when no taxes are due on the distribution. For example, if you take out a $50,000 loan against a univers...
Can church contributions be deducted?
When you prepare your federal tax return, the IRS allows you to deduct the donations you make to churches. As long as you itemize your deductions, you can...
Is there a solar tax credit for 2019?
Today, the solar tax credit is still available to both home and business owners. Here are some of the details: 2019-The solar tax credit remains at 30% 20...
Do you need a colonoscopy after 70?
The guidelines: recommend screening for colorectal cancer using fecal occult blood testing, sigmoidoscopy, or colonoscopy in adults, beginning at age 50 y...
Do I need to register my Shopify business Canada?
Do you need a business license or Incorporation for Shopify? The short answer is yes. The business, whether you want to register or incorporate, is to be ...
How do you file taxes when you own your own business?
If you’re a sole proprietor, every year you must file Schedule C (Profit or Loss From Business) with your Form 1040 (U.S. Individual Income Tax Return) to...
Can you add to a charitable remainder annuity trust?
Charitable remainder annuity trusts (CRATs) distribute a fixed annuity amount each year, and additional contributions are not allowed. How do I set up a c...
What to do when you owe state taxes?
What to Do When You Owe State Taxes 1 Pay Taxes Directly. If you pay your state tax bill when you file taxes, you don’t incur any penalties or interest ch...
How is the sale of an inherited property calculated?
Inherited properties can take advantage of the stepped-up tax basis. Ordinarily, proceeds are calculated using the purchase price plus any improvements ma...
