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When to start a husband and wife LLC?

If you’re going to have a single member husband and wife LLC, be sure that you have a solid plan in place if the business goes bankrupt or if you get divo...

Aug 31, 2026 • 1 READS

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What is NNN lease in real estate?

A triple net lease (triple-Net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property in...

Aug 31, 2026 • 1 READS

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Is renting a house for work tax deductible?

Employees and Independent Contractors Whenever you hire anyone to perform services for your rental activity, you can deduct their wages as a rental busine...

Aug 31, 2026 • 1 READS

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How is an inheritance reported on an income tax return?

Report it the same way the deceased person would have reported it. If the estate is the beneficiary, income in respect of a decedent is reported on the es...

Aug 31, 2026 • 1 READS

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What are advantages of setting up LLC for personal investments?

The main benefit of investing through an LLC is because you can set up rules, regulations and other procedures for all your investors and define them in y...

Aug 31, 2026 • 1 READS

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Can you access 1099 online?

You can access your Form 1099G information in your UI OnlineSM account. Note: If an adjustment was made to your Form 1099G, it will not be available onlin...

Aug 31, 2026 • 1 READS

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How to file 1099-C on behalf of a deceased spouse?

I received Form 1099-C in his name for $15,000 for cancellation of a credit card debt. It has Code G marked, which says, “Decision or policy to discontinu...

Aug 31, 2026 • 1 READS

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Does my nonprofit need to file a tax return?

Most charitable nonprofits that are recognized as tax-exempt have an obligation to file an annual information return with the IRS. (There are very few exc...

Aug 31, 2026 • 1 READS

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Are marriage records public in Ohio?

All marriage records in the state of Ohio are presumed to be public unless otherwise specified by law or court rule. As per the Ohio Revised Code (3101), ...

Aug 31, 2026 • 1 READS

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What happens with taxes when someone dies?

In general, the final individual income tax return of a decedent is prepared and filed in the same manner as when they were alive. All income up to the da...

Aug 31, 2026 • 1 READS