What are Virginia state taxes due?
Northam extends due date for Virginia income taxes to May 17 Virginians usually must file their taxes by May 1. The federal due date is usually April 15 b...
Category: General
How can a foreigner invest in the US?
Foreigners can invest in U.S. stocks by opening a U.S.-based brokerage account. Be aware of tax documentation that may be required for an international br...
How are nonresidents taxed in the state of California?
In contrast, nonresidents are only taxed by California on “California-source” income; that is, income generated in California. If a nonresident has no Cal...
Can I still contribute to 2018 traditional IRA?
You can first start making contributions to an IRA that will count toward your 2018 tax-year limit on Jan. 1, 2018. That means you can still keep making 2...
When do you become a sole proprietor or self employed?
Self Employed/ Sole Proprietors/ Partners. If you have received full-time or part-time income from trade, business, vocation or profession, you are consid...
Does 8606 need to be filed every year?
Basically, you must file Form 8606 for every year you contribute after-tax amounts (non-deductible contributions) to your traditional IRA. Conversions fro...
Has charitable deduction been eliminated?
Deductions for charitable gifts haven’t been eliminated, but they have become harder for people to claim. The CARES Act allows everyone to take a $300 ded...
Do you receive a 1099 for savings bonds?
If a financial institution pays the bond, you will receive a paper 1099-INT from that financial institution either soon after you cash your bonds or withi...
Is silver tax exempt?
Regardless of whether or not a purchase or sale is private or IRS 1099-B reported, currently no bullion product sales are exempt from any applicable capit...
How do I get a refund from a hotel on Priceline?
Get in touch with the company’s customer support team by calling 1-800-774-2354 and ask to get your money back. Have your Priceline Request Number and the...
