What are the most common questions about forming a S corporation?
The list of questions below leads to pages that answer the most common questions I get from CPA firm clients and from website visitors. Therefore, if you ...
Category: Updates
Can California tax people after they move?
Many believe moving from California will save significant taxes for both the individual and their business. But will it? For many, the scenery may change,...
What does a CP2000 letter from the IRS mean?
The letter is called an IRS Notice CP2000, and it gives detailed information about issues the IRS identified and provides steps taxpayers should take to r...
Do shareholders pay corporate tax?
Corporations pay taxes on their earnings and then pay shareholders dividends out of the after-tax earnings. Shareholders receiving dividend payments from ...
How do I cancel my SSN?
You can request a suspension by calling Social Security at 800-772-1213 or visiting your local office. Can I cash out my Social Security early? You don’t ...
Can my employer ask for a copy of my passport?
Yes, they can legally demand that you supply proof, if they did not do so when you started work with them. Especially if you started before the checks wer...
How do I file my EDD claim online?
You must first register for Benefit Programs Online to file for unemployment. Create your Benefit Programs Online account. Log In to Benefit Programs Onli...
Are partnership withdrawals taxable?
Generally, there are no tax consequences of a current property distribution — there is never a taxable gain or loss, either to the partnership or to the p...
When did they start giving student loans?
1840 A timeline of the history of student loans. 1840: The first student loans are offered to students attending Harvard University in 1840. 1867: The Uni...
Is income from farming considered earned income?
Earned income includes all the taxable income and wages you get from working for someone else, yourself or from a business or farm you own. How do you dep...
