How much can the IRS fine for lack of due diligence?
If you fail to comply with the due diligence requirements, the IRS can assess a $500 penalty (adjusted annually for inflation) against you and your employ...
Category: Updates
Why are municipal bond funds dropping?
Muni-bond prices have plunged amid concern about renewed inflation, a flood of supply from issuers and speculation that Congressional Republicans, after w...
Does Arizona tax income earned in other states?
Please note: An Arizona full-year resident is subject to tax on all income, including earnings from another state. Nonresidents may also exclude income Ar...
What time of day should you sell stocks?
The whole period between 9:30 AM and 10:30 AM ET is often the best time of day to trade stocks. What time can you start selling stock? U.S. securities mar...
How do you live when your spouse dies?
Helping Yourself Heal When Your Spouse Dies by Alan D. Allow Yourself to Mourn. Recognize Your Grief is Unique. Talk Out Your Thought and Feelings. Expect...
How do dual income couples get the most Social Security?
Coordinating your benefits with your spouse’s benefits can help you both get the most out of your Social Security payments. In some cases, it makes sense ...
Do I send a 1099 to a florist?
The recipient of a 1099-MISC may include the local florist, a guest speaker for a service (or multiple services), a guest artist giving a concert at the c...
What is the criteria to claim a dependent?
The dependent must be one of these: Under age 19 and younger than you (or your spouse if married filing jointly) Under age 24, a full-time student, and yo...
What should I do if I Lost my W2?
If you lost your W-2, your first step is to contact your employer to have another one reissued. In the event that you are unable to retrieve a new copy or...
What do you need to be an accountant in Canada?
Chartered accountants require a university degree and Completion of a professional training program approved by a provincial institute of chartered accoun...
