because people get a lower tax rate for a combined income. If you and your spouse have substantial earnings, a joint filing can put you into a higher tax tier, and you owe more taxes. If you want to maximize your tax benefits, seek the advice oftax professionalsabout your filing status...
Learn More Extension for LLC Learn More Partnership Tax Extension Learn MoreRecent Queries What is an Electronic Postmark? What is the Perfection Period for my extension? How can I find my estimated tax amount? How does Express Guarantee work? How long does it take for the IRS to accept my...
retirement benefits are exempt from state income tax. However, studies also rank Kentucky as one of the worst states for retirees due to poor healthcare opportunities and senior populations living below the poverty line. While some aspects may seem appealing, others can become quick deal-breakers....
Deciding if, financially, you should be a Sole Proprietor, Partnership, LLC, C-Corp, or S-Corp. Choosing where to incorporate, filing all the required documents, getting a Tax ID, opening up bank accounts and setting up your accounting and payment systems. These are all things we can ...
The benefit payment from an individual policy is tax-free, but benefits from an employer plan may be taxed. Should you get Disability Insurance? According to 2017 data from the Social Security Administration, a 20 year old worker has a 1-in-4 chance of becoming disabled, for at least 1 ...
Harvard’s $465 Million in Tax Benefits Draw New Scrutiny; The university’s vast wealth is getting attention from both politicians and local officials who are pushing for institutions to pay more Nic Querolo, Amanda Albright, Janet Lorin, and Jeremy C.F. Lin – Bloomberg Harvard University to...
If you are injured by a driver who has no auto insurance, you will receive benefits under your personal policy if you carry underinsured coverage. True or false? Riders that are part of your life insurance policy are free. They are marketing devices used by insurance comp...
If you've received unemployment benefits within the 6 months prior to filing, your benefits may be reduced. 2. Where should I keep my emergency savings? Generally, keeping your emergency savings accessible and liquid can be a good idea—in addition to avoiding risky investments that could lose...
What is the difference between tax benefits of a church and a non-profit? What is a 501(c)3? What is a board of trustees? What does being on the board of a nonprofit entail? What is the purpose of medical staff bylaws? Who amends articles of incorporation? What is the board of dir...
Nadal can pay up to 56% in tax in his home country of Spain, but he chose to stay there, perhaps due to what he believes is his moral responsibility, or maybe the PR benefits of doing so. Or maybe both 🙂 Once you get lower down the rankings, the benefits of relocating decrease,...