Go to Fidelity.com or call 800-343-3548. Use this form to recharacterize any annual contributions you made to a Traditional IRA as an annual Roth IRA cont...

How to Calculate the Tax Withholding Rate. Take the $2,587 of total taxes owed divided by the $50,000 pension amount, and you get 5.2%. Is there withholdi...

Discretionary Expenses So, groceries are a variable expense, but dining out is a discretionary expense. Examples include: Entertainment. What kind of expe...

If you each received a 1099-S with your portion of the sale proceeds, just report that portion as the sale price with the corresponding equal cost basis f...

Note that the property tax related to business use of work space in your home has to be claimed as business-use-of-home expenses. You can deduct expenses ...

What’s the 1095 tax form for health insurance? If you see incorrect information on your 1095-A, contact the Marketplace Call Center at 1-800-318-2596 befo...

If you open another bank account, QuickBooks is able to manage that bank account as well via its Bank component. You can add multiple bank accounts within...

Specifically, you’ll need to give the new bank the account number and routing number for your current bank. Once you confirm them, you can link your old a...

Health Insurance for S Corporation 2% Shareholders: Reporting to the shareholder. The cost of health insurance premiums paid by the S corporation for a 2%...

April 15, 2021 Attention: The deadline to e-file South Carolina Tax Returns is April 15, 2021 May 17, 2021. 2020 South Carolina State Income Tax Return fo...