How do I read my W2 from 2018?
How do I read a W-2? Box A: Your Social Security number, which the IRS uses to identify you. Box B: The employer identification number, or EIN, which the ...
Category: General
What expenses can an S corp deduct?
S-Corp Tax Deductions Ordinary business expenses such as rent, taxes, advertising, company-provided employee benefits, depreciation and interest can be su...
What happens to my retirement if I move to another state?
Unfortunately, pensions aren’t portable like other retirement accounts. You can’t simply transfer your account from one state to another, and you will lik...
How do I validate my new address with USPS?
If you already moved to your “new address,” visit to enter the validation code listed on the physical letter that was mailed to your new address. This wil...
What kind of tax return do I need for foreclosure?
Tax Reporting Documents Form 1099-A and Form 1099-C. It reports the date of the foreclosure, the fair market value of the property, and the outstanding lo...
Do I have to file Schedule C if no income?
During a year with no income and no expenses, you generally don’t need to file Schedule C. If you have no income but did have expenses, you may be eligibl...
Does date of birth go on tax return?
Your date of birth is an important piece of personal information used to identify you in all types of situations — including filing your taxes. If the dat...
How do I claim my childs tuition tax credit?
Your child can claim a federal and provincial tax credit for the tuition amount. To claim the tax credit, they must file their income taxes and complete b...
Do you have to pay taxes on a gift home?
Even though you may not have tax liability at the time you receive a home as a gift, homeowners usually have to pay real estate taxes to state and local g...
Do expats pay taxes on retirement income?
Whether you’ve just hatched the idea to spend your golden years overseas or are a seasoned expat, it’s important to understand that even expats pay U.S. t...
