updates

How do you calculate planned net income?

Subtract the cost of goods sold from your total revenue. Next, tally up your total expenses for the month (not including the cost of goods sold). After ad...

Aug 31, 2026 • 1 READS

updates

How long should a widow mourn?

Loved ones and relatives are to observe a three-day mourning period. Widows observe an extended mourning period (Iddah), four months and ten days long, in...

Aug 31, 2026 • 1 READS

updates

How do I get a previous year 1099?

To get a copy of a previous year’s 1099 form, you can contact the issuing company and request one or obtain a transcript or copy of your old tax return th...

Aug 31, 2026 • 1 READS

updates

Is a short sale the same as a foreclosure?

Short sales are voluntary and require approval from the lender. Foreclosures are involuntary, where the lender takes legal action to take control of and s...

Aug 31, 2026 • 1 READS

updates

Can both spouses claim Aotc?

There are additional rules for each credit, but you must meet all three of the following for both: You, your dependent or a third party pays qualified edu...

Aug 31, 2026 • 1 READS

updates

How do I deal with a non-deductible IRA contribution?

Form 8606 for nondeductible contributions Any money you contribute to a traditional IRA that you do not deduct on your tax return is a “nondeductible cont...

Aug 31, 2026 • 1 READS

updates

Should I create an LLC for my second home?

Any landlord can benefit from creating an LLC. Whether you have one property or several, you will benefit from pass-through taxation and protecting your p...

Aug 31, 2026 • 1 READS

updates

How long do you have to live in a rental property before selling it?

You have to own the home for at least five years. And you have to live in it for at least two out of five years before you sell it. This might be somethin...

Aug 31, 2026 • 1 READS

updates

Can I use my 529 plan for homeschooling?

Under the new law, 529 savings can be used towards elementary, high school or homeschool expenses. Families will be allowed to withdraw up too $10,000 per...

Aug 31, 2026 • 1 READS

updates

Do nonprofits issue w 2?

According to the IRS, all the nonprofit organizations must also issue the copies of W-2 forms to their employees each year so the employees can report the...

Aug 31, 2026 • 1 READS