general

Should I deduct sales or income tax?

You can’t deduct both: You must choose between income tax and sales tax. As a general rule, you should deduct whichever is more. However, because of the a...

Aug 26, 2026 • 1 READS

general

How long can you claim a Powerball ticket?

Ticket expiration dates typically vary from 90 days to one year depending on the selling jurisdiction. The expiration date is often listed on the back of ...

Aug 26, 2026 • 1 READS

general

Where do you report 199A dividends?

Section 199A dividends are dividends from domestic real estate investment trusts (“REITs”) and mutual funds that own domestic REITs. These dividends are r...

Aug 26, 2026 • 1 READS

general

What HSA means?

Health Savings Account A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. HSA funds roll ov...

Aug 26, 2026 • 1 READS

general

Does a small business have to pay for quarantine?

As of March 31, 32 states have issued stay-at-home orders to prevent the spread of the coronavirus, but one in five small businesses can afford to pay emp...

Aug 26, 2026 • 1 READS

general

Can I pay my nanny cash in hand?

Tax requirements Paying nannies cash in hand (or under the table) is not only illegal it is unfair to the nanny in cases of trying to apply for credit to ...

Aug 26, 2026 • 1 READS

general

Can roommates claim head of household?

As long as both individuals meet the requirements, including each having a qualifying child, an unmarried couple living together can both file as head of ...

Aug 26, 2026 • 1 READS

general

What happens when a buyer buys a rental house?

When a buyer purchases a renter-occupied home, he must agree to take over the lease and honor the terms the tenant signed. A buyer can ask the renter to s...

Aug 26, 2026 • 1 READS

general

What is the IRS form 8283?

Individuals, partnerships, and corporations file Form 8283 to report information about noncash charitable contributions when the amount of their deduction...

Aug 26, 2026 • 1 READS

general

Can you freelance on O-1 visa?

There is no such thing as a “freelance” work visa in the United States. With very few exceptions, nearly every work visa in the US must be sponsored by a ...

Aug 26, 2026 • 1 READS