politics
Are cell phones tax exempt?
You can qualify for a cell phone tax deduction from cell phone charges incurred when the mobile phone is being used exclusively for business. There is not...
Category: Politics
politics
Can incarcerated individuals file taxes?
To answer your first question, yes, inmates are still responsible for filing taxes. If he’s willing, you can fill out a Power of Attorney form (Form 2848 ...
politics
Are funeral expenses for a dependent tax deductible?
Who cannot deduct funeral expenses? Individual taxpayers cannot deduct funeral expenses on their tax return. While the IRS allows deductions for medical e...
politics
Can I deduct my employees mileage?
Reimbursements based on the federal mileage rate aren’t considered income, making them nontaxable to your employees. Businesses can deduct those costs on ...
politics
Is annual income calculated before or after taxes?
Gross annual income is your earnings before tax, while net annual income is the amount you’re left with after deductions. How do I calculate my annual inc...
politics
What happens if you fail to pay a lawsuit?
According to attorney Gil Siberman, in most legal jurisdictions in the United States a judgment you cannot pay simply turns into another form of debt. As ...
politics
Do I have to claim my interest income?
You must report all taxable and tax-exempt interest on your federal income tax return, even if you don’t receive a Form 1099-INT or Form 1099-OID. You mus...
politics
How is income tax expense calculated for corporations?
Tax expenses are calculated by multiplying the appropriate tax rate of an individual or business by the income received or generated before taxes, after f...
politics
Is E2 visa non resident alien?
The E-2 treaty investor visa is a nonimmigrant classification for foreign nationals from countries that maintain treaties with the United States. It is an...
politics
What does it mean property tax levied?
The act of imposing a tax on someone is known as “levying” a tax. A “levied property tax” is a tax imposed on property owners, based on the value of their...
politics
Can you have a flexible spending account without health insurance?
Generally, to be eligible for an FSA, you just have to be an employee of an employer who offers an FSA. Unlike an HSA, you do not have to be covered by a ...
politics
What to talk about with coworkers at lunch?
Should you find yourself stuck on how to best spark a conversation with a new colleague, consider these easy and effective conversation starters: Ask for ...
politics
Which name comes first in a DBA?
As a sole proprietorship, your business name is automatically your full birth name, while if you operate a partnership, it’s generally the last name of ea...
