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When do you claim a 19 year old as a dependent?

Claiming your 19-year-old as a dependent depends on when he turned 19. If he turned 19 on or before Dec. 31 of the tax year, you can’t claim him unless he...

Sep 03, 2026 • 1 READS

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Is per capita taxable income?

This is per capita income. You do not pay tax on per capita income if: You’re enrolled in a federally recognized California Indian tribe. Can I get CTC wi...

Sep 03, 2026 • 1 READS

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How do you change non-exempt to exempt?

When changing an employee’s classification from non-exempt to exempt, employers should first make sure the employee meets all applicable exemption criteri...

Sep 03, 2026 • 1 READS

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What does a divorced man want?

They want to be loved, (whether they realize that or not), they want to be treated with kindness, they want to feel appreciated, and they want to feel lik...

Sep 03, 2026 • 1 READS

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Can a property that is not a principal residence be sold?

Once sold, a property that isn’t deemed a principal residence will be subject to capital gains tax for the years it was not designated. A gain may also ar...

Sep 03, 2026 • 1 READS

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What is the qualified dividends and Capital Gain Tax worksheet used for?

The worksheet is for taxpayers with dividend income only or those whose only capital gains are capital gain distributions reported in box 2a or 2b of Form...

Sep 03, 2026 • 1 READS

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Is software development a specified service trade or business?

No, he is NOT a SSTB. He is not one of the SSTBs that are listed in IRC §1202. Therefore he is a qualified business and not a SSTB. What is a specified tr...

Sep 03, 2026 • 1 READS

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What is IRS Code 501 A?

Section 501 of the U.S. tax code outlines which types of nonprofit organizations are tax exempt. The section of this code that provides for exemption is s...

Sep 03, 2026 • 1 READS

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How to file a 1099-MISC for miscellaneous income?

Specific Instructions for Form 1099-MISC File Form 1099-MISC, Miscellaneous Income, for each person in the course of your business to whom you have paid t...

Sep 03, 2026 • 1 READS

general

What do you need to know about being a tax accountant?

As a tax accounting professional who works with individuals, you will need to balance your clients, return phone calls, and market to new clientele as wel...

Sep 03, 2026 • 1 READS