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General

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general

Can a grandparent pay for a college education?

A grandparent can pay for college tuition and they may consider it a gift, but luckily the IRS does not. A special tax-code exemption allows a grandparent...

Sep 04, 2026 1 views
general

Do mutual funds create capital gains?

Generally, yes, taxes must be paid on mutual fund earnings, also referred to as gains. Whenever you profit from the sale or exchange of mutual fund shares...

Sep 03, 2026 1 views
general

Does it matter where you are married?

In the US, it doesn’t matter what state you get married in. Your marriage would be recognized in every state. As far as divorce, you generally need to be ...

Sep 03, 2026 1 views
general

Does Kentucky follow the federal extension?

The State of Kentucky recognizes a properly filed Federal tax extension (IRS Form 4868). Therefore, if you have a valid Federal extension, you will automa...

Sep 03, 2026 1 views
general

What do you call a fresh college graduate?

An alumnus or alumna is a former student and most often a graduate of an educational institution (school, college, university). The term is sometimes info...

Sep 03, 2026 1 views
general

How much do small hotel owners make?

The profit, or the money you get to take home, is the money that’s made after all the business expenses are paid off. While the industry is pretty tight-l...

Sep 03, 2026 1 views
general

How do I get my 1099-G from Missouri?

You can obtain your 1099-G amount on-line at or by calling the Missouri Department of Revenue at 573-526-8299, 24 hours a day, 7 days a week. You will nee...

Sep 03, 2026 1 views
general

What causes liabilities to decrease?

When the company borrows money from its bank, the company’s assets increase and the company’s liabilities increase. When the company repays the loan, the ...

Sep 03, 2026 1 views
general

How do I correct my EIN on TurboTax?

To correct: Please open your return in TurboTax. On the W-2 summary screen, click Edit next to each W-2 on the return and make sure the EIN in Box b exact...

Sep 03, 2026 1 views