Can you backdate an S Corp?
A corporation can file Form 2553 after the due date and still receive IRS approval to make the election retroactive to the beginning of the corporation’s ...
Category: General
What taxes do small businesses have to pay?
Small businesses with one owner pay a 13.3 percent tax rate on average and ones with more than one owner pay 23.6 percent on average. Small business corpo...
Do I have to report the amount from Form 1099-K on my tax return?
What should I do with this information? It is important that your business books and records reflect your business income, including any amounts that may ...
Can you eFile a past return?
The IRS allows electronic filing of tax returns for the current tax year only. Prior year returns can only be filed electronically by registered tax prepa...
Why is it important to seek financial advice?
Financial advice can take the hassle and worry away and replace it with peace of mind and a feeling of control. Whether you want to plan for retirement, s...
What if I got an email from TurboTax?
If you receive a suspicious email that appears to come from TurboTax, forward it to us at [email protected] so we can investigate. You can also get t...
Are property taxes based on purchase value or on appraised value in Texas?
The Texas Constitution sets out five basic rules for property taxes in our state: Taxation must be equal and uniform. No single property or type of proper...
Can I still file my 2015 taxes electronically?
You can no longer e-File a 2015 Federal or State Tax Return anywhere. Can you file 2016 tax returns electronically? The IRS allows electronic filing of ta...
Is India issuing OCI card now?
“With a view to facilitate the OCI cardholders, it has now been decided by the Government of India to dispense with this requirement,” the Union Home Mini...
Can warrants be attached to preferred stock?
Warrants are often attached to preferred stock or newly issued bonds in order to encourage demand for the debt securities. Warrants are often detachable. ...
