Does a foreign partnership have to file a US tax return?
A foreign partnership is not required to file a partnership return, if the foreign partnership does not have gross income that is (or is treated as) effec...
Category: Updates
Can an LLC provide professional services in Texas?
A Texas PLLC is a limited liability company (LLC) formed specifically by people who will provide Texas licensed professional services. LLCs in general are...
How do I find my S-Corp election date?
You can check your S corp status relatively easily by contacting the IRS. If you have properly submitted your S corporation form to the IRS and have not h...
How do you successfully sell life insurance?
Follow these 21 tips to be an inexperienced but insanely successful insurance salesperson: 1) Dress More Professionally. 2) Avoid Using “Young” Slang. 3) ...
Why is my 1099-G different?
Why is the amount on my Form 1099-G different than the refund I received? The amount of refund shown on your Form 1099-G could be different from the amoun...
How do I report NOL on my taxes?
If you carry forward your NOL to a tax year after the NOL year, list your NOL deduction as a negative figure on the “Other income” line of Schedule 1 (For...
Who claims Dependants when divorced?
The parent who the child spends the most time with may claim the dependent. If the child spends equal time between both parents, then the parent with the ...
What is an example of financial data?
Financial information is data about the monetary transactions of a person or business. Examples of financial information are as follows: Credit card numbe...
Can you deduct home insurance premiums on taxes?
Generally, no: Most costs related to homeowners insurance are not tax-deductible on your federal tax return. This includes your home insurance premium as ...
Is sole proprietor the same as S corporation?
A sole proprietorship is an unincorporated business that doesn’t have any legal separation from its owner. An S corp is an LLC or corporation that has ele...
