general
Can an insurance company be an S corporation?
S corporations are responsible for tax on certain built-in gains and passive income at the entity level. Not be an ineligible corporation (i.e. certain fi...
Aug 23, 2026 0 views
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General
Expert insights and detailed technical documentation about General.
general
How do I set up automatic payments to the IRS?
Apply online through the Online Payment Agreement tool or apply by phone or by mail by submitting Form 9465, Installment Agreement Request….Pay Now Apply ...
Aug 23, 2026 1 views
general
When does a LLC elect to be taxed as a corporation?
The entity normally files the election to be taxed as a corporation on Form 8832, Entity Classification Election , in accordance with Regs. Sec. 301.7701-...
Aug 23, 2026 1 views
general
Why have I not received my W-2 from Social Security?
Don’t calculate your SSA amount and you don’t get a W-2, you get a Form SSA-1099. You could get your SSA-1099 statement online. If you never received your...
Aug 23, 2026 1 views
general
Where are intangibles listed on the balance sheet?
Intangible assets are generally both nonphysical and noncurrent; they appear in a separate long-term section of the balance sheet entitled “Intangible ass...
Aug 23, 2026 1 views
general
Can you have a baby in grad school?
Although starting a family while in graduate school can be challenging, it’s not an impossible feat, and with adequate preparation and support, pregnant a...
Aug 23, 2026 1 views
general
Do I have to pay tax on inherited coins?
There is no tax if you inherit coins or receive coins as a gift from blood relatives, but when you sell it, you are liable to pay capital gains tax in cas...
Aug 23, 2026 1 views
general
Can Mechanics deduct tools on my taxes 2020?
Yes, you can claim the entire amount of the tools if they were purchased for a job you held when you purchased them. The tools are considered a job relate...
Aug 23, 2026 1 views
general
Can you deduct casualty loss in 2019?
personal casualty losses. You can deduct qualified disas- ter losses without itemizing other deductions on Schedule A (Form 1040). You may have to file an...
Aug 23, 2026 1 views
general
What is the gross income limit for tax year 2020 for a dependent?
Qualifying Rules if You Can Be Claimed as a Dependent Your gross income was more than $1,100, or $350 plus your earned income up to $12,050, whichever is ...
Aug 23, 2026 1 views
general
Who are the two members of a LLC?
Many business owners form LLCs because this structure has fewer ownership restrictions and protects their personal assets from business liabilities. The m...
Aug 23, 2026 1 views
general
Is land included in cost basis?
Real property, also called real estate, is land and generally anything built on or attached to it. If you buy real property, certain fees and other expens...
Aug 23, 2026 1 views
