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Do you have to have a dependent to claim HOH?
Generally, to qualify for head of household filing status, you must have a qualifying child or a dependent. However, a custodial parent may be eligible to...
Category: Arts
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What happens if your LLC is in debt?
How Does Bankruptcy Work? In a Chapter 7 business bankruptcy, the LLCs assets are sold and used to pay the LLC’s creditors. After the bankruptcy, the LLC’...
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Can I claim funeral expenses for my mother?
You can still claim Funeral Expenses Payment if you’ve applied for these benefits and you’re waiting to hear about your claim. If you were responsible for...
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What is box 12a on W-2?
The W-2 box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. Include this tax on Form 1040 Schedule 2, line 8, check box c and, in the s...
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Can I deduct home improvements for medical reasons?
To claim qualifying home improvements as a medical deduction on your 1040.com return, enter on our Itemized Deductions – Medical Expenses screen, on the “...
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Can you be married and live in different countries?
Foreign countries may require parental consent, residency and affidavits of eligibility to marry. If you plan to marry abroad, be sure to research that co...
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Do people with H1B visas have Social Security numbers?
H1B Visa Employees When it comes to H1B visa holders, your employer or your H1B sponsor has to deliver information regarding your wages to the IRS. In oth...
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What do you do with old inventory?
If you’re looking at a surplus of merchandise in your store, there are several steps you can take to liquidate them: Refresh, re-merchandise, or remarket....
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Can I file taxes if I made 0 income?
Any year you have minimal or no income, you may be able to skip filing your tax return and the related paperwork. However, it’s perfectly legal to file a ...
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Can married couple work together?
While some employers have policies against dating a co-worker or hiring a relative of an existing employee, most of the companies with policies simply res...
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Can I freelance while working part time?
In short, Yes! You absolutely can be employed and freelance on the side. Actually, you will find that there are many freelancers holding onto full time or...
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How many years after a spouse dies can a married person claim widower?
two For two tax years after the year your spouse died, you can file as a qualifying widow or widower. This filing status gives you a higher standard deduc...
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Can you have two student loans at the same time?
Consolidating Loans Students can consolidate all of their federal loans together and consolidate all of their private loans together so they make no more ...
