You can check the status of your refund by using the IRS 'Where’s My Refund?' tool or calling 800-829-1954 starting 24 hours after filing.”– Viola Robinson Faust, CPA, EA, Columbia, South Carolina Tracking your tax refund After your taxes are in the IRS's hands, you...
Some states — including Mississippi, Alabama and South Carolina — allow residents to put their emergency funds in Catastrophe Savings Accounts. You don’t need to pay state income taxes on the money that you put into these accounts or on the interest it earns. However, you may still need...
Since every state has different guidelines for property tax, and there isn’t a standard flat rate, exact calculations will vary. If you work out of your home or run your business from your home, a portion of your property taxes may be able to be deducted. Please contact a CPA to learn...
Find out how unemployment insurance works, who qualifies and how to apply for unemployment benefits.
Does an S corporation pay state taxes?S corporation:It is a type of for-profit corporation that elects to pass taxes through to the shareholders. The number of shareholders required to form this type of entity must not exceed 100 and offers liability protection to the owners....
“When they received their survey, they learned that part of the only bathroom in the house was built on the neighbor’s property. A real estate attorney was able to address the situation so that the buyers wouldn’t have to worry about their neighbor or the local zoning officials requiring...
"Many second homes are in desirable locations such as large cities or near water which can have high property taxes," says Ryan Dosenberry, owner of LakeShoreHomeBuyer.com, which specializes in homes in western Michigan. "If you overlook this when purchasing a second home, you may find yours...
Of course, if you could afford the tax bill, you'd be getting a home for the price of a generous down payment. But your costs wouldn't end there. On top of income taxes, you would also have higher recurring expenses such as property taxes, homeowner's insurance, and utility bills, ...
The painful reality for Democrats: you cannot chase spending heading to 32% of GDP by increasing taxes on the rich or even the non-rich. The reality for both parties:you have to work together. The political model is the 1983 Social Security reforms where both parties worked together and wer...
Do you pay taxes when selling a house? When selling a house, you're responsible for the property taxes up to the time you close on the sale. You won't have to pay any capital gains tax if the property has been your primary residence for the last two years and you made less than ...