updates
Who is the employer of a company?
More specifically, an employer is an organization, institution, government entity, agency, company, professional services firm, nonprofit association, sma...
Aug 28, 2026 • 1 READS
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Updates
updates
What do I have to do as a beneficiary of an IRA?
Beneficiaries of a retirement account or traditional IRA must include in their gross income any taxable distributions they receive. When does an inherited...
Aug 28, 2026 • 1 READS
updates
What happens if someone falls in a nursing home?
Just like any other landowner, nursing homes are liable for a resident’s slip and fall or trip and fall on the property under the area of law called premi...
Aug 28, 2026 • 1 READS
updates
How do I enter 1099-NEC on TaxAct?
Form 1099-NEC – Nonemployee Compensation From within your TaxAct return (Online or Desktop), click Federal. Click Income, then click Business income or lo...
Aug 28, 2026 • 1 READS
updates
Can you deduct 529 contributions from Pa taxes?
Pennsylvania taxpayers can deduct up to $15,000 in contributions to 529 plans per beneficiary per year, or $30,000 if married filing jointly, assuming eac...
Aug 28, 2026 • 1 READS
updates
What is an IRS determination letter 401k?
A determination letter is a formal document issued by the Internal Revenue Service (IRS) that indicates whether or not a company’s employee benefit plan h...
Aug 28, 2026 • 1 READS
updates
How do I report foreign pension income in TurboTax?
To enter foreign pension in TurboTax online program, you will need to create a substitute form 1099-R. Within your Personal Tax section, Under Retirement ...
Aug 27, 2026 • 1 READS
updates
Does a trust fund count as a gift?
In the long term, bare trusts can help with inheritance tax planning, as assets paid into the trust are treated as a gift, and can be a potentially exempt...
Aug 27, 2026 • 1 READS
updates
What type of business is joint venture suitable?
Horizontal Joint Venture Similarly, this form of Joint venture is between two business entities producing the same goods or services. The benefit of this ...
Aug 27, 2026 • 1 READS
updates
What percentage of autistic adults rely on parents?
Nearly half – 49 percent – of the adults with autism or Asperger’s syndrome still lived with their parents. Can someone with severe autism live a normal l...
Aug 27, 2026 • 1 READS
