Can as CORP file for PPP?
As an owner of a corporation, this should only be the amount you have paid yourself by running payroll. If you’ve been running payroll manually yourself o...
Category: General
Can you still get paycheck protection program?
Notice: the Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers addition...
What if I receive a W-2 after I filed?
You will need to Amend your Return if you have already filed and received more W-2’s.. Wait until your return has been processed and you receive your refu...
How much is self-employment tax for independent contractor?
The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% f...
Why did my tax refund get mailed instead of direct deposit?
Why am I receiving a paper check? The IRS limits the number of direct deposit refunds to the same bank account or on the same pre-paid debit card. Because...
Who am I required to give my SSN to?
You do need to give your Social Security number (SSN) to: Companies from which you are applying for credit: credit cards, loans of any type, cell phone se...
What is a true lien?
A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A lien could be established by a creditor or a le...
Who owns a HUD home?
the U.S. Department of Housing and Urban Development Simply put, a HUD home is a property owned by the U.S. Department of Housing and Urban Development, b...
How can I get an extension on my income tax?
You can also get an extension by paying all or part of your estimated income tax due and indicate that the payment is for an extension using Direct Pay, t...
Where do I enter penalties on 1120?
Any penalty calculated flows to line 34 (Line 33 in Drake17 and prior) of the 1120 return. What information returns Penalty? We may assess a penalty if yo...
