Learn the types of powers of attorney in California, state-specific requirements, and how to get one.
Some states, like California, offer a list of documents that are acceptedfor each category. This is a good place to start when gathering your documents. Look for notes about when copies or originals are necessary and read recommendations for alternatives if you don’t have the recommended reside...
Use IRS Specific Instructions of Schedule A (Form 940) to calculate the tax. Schedule A includes a column for the reduction rate for each state. You can find a list of FUTA credit reductions on the DOL site. It has gone from 24 states in 2011 to 4 states in 2024 - California, Connec...
Pell Grant awards between the maximum and minimum amounts (Pell Max and Pell Min) will be determined by theStudent Aid Index. This means other students may qualify, including those who don't file tax returns. Also, children of certain deceased U.S. armed forces or public safety officers ma...
Taxpayers that fail to file FBAR or otherwise fail to satisfy his or her offshore account disclosure duty face the risk of an IRS inquiry and additional tax enforcement action. In fact, even an accidental error regarding FBAR can result in a $10,000 penalty for each year whether account ...
California's Department of Industrial Relations (DIR) has ruled that the state's prevailing wage requirements don't apply to a development receiving federal low-income housing tax credits and tax-exempt bond financing. DIR, which administers the state's prevailing wage laws, issued its decision ...
Excise tax: Applied to specific goods, services, and business activities. Each excise tax will have its own form to file with the IRS. Check with your accountant to see if excise tax applies. State and local income tax: Some locations, like California and New York City, tax S corps on ...
Home equity conversion mortgage (HECM):A HECM is areverse mortgageinsured by the FHA that allows those over the age of 62 to tap the equity in their home as tax-free income. There are risks to a reverse mortgage, but it can be a helpful financial tool for those looking to supplement ...
Discipline-Specific Section: In addition to the core sections, candidates will choose one of three discipline-specific sections: Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), or Tax Compliance and Planning (TCP). This allows candidates to demonstrate deeper skills in...
Uber driver, you are considered anindependent contractor, which means that you’ll have to set aside a percentage of earnings to covertaxes. The company sends every driver a tax summary and, if you’ve earned enough, a1099 format the end of the year to include with your annualtax return....