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What happens to a corporation if a shareholder dies?
If a major shareholder dies, the executor of his estate could now direct the company, or that shareholder’s heir, whether it is his wife, brother, son, or...
Aug 09, 2026 1 views
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Can you transfer a single member LLC to another person?
You can only transfer an LLC’s ownership interests if all the other LLC owners agree, and even then, only if the state law allows for it. The first step i...
Aug 09, 2026 1 views
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What is not sufficient in answer?
adjective. not sufficient; lacking in what is necessary or required: an insufficient answer. deficient in force, quality, or amount; inadequate: insuffici...
Aug 09, 2026 1 views
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How do I claim an electric vehicle tax credit?
Use Form 8936 to figure your credit for qualified plug-in electric drive motor vehicles you placed in service during your tax year. Also use Form 8936 to ...
Aug 09, 2026 1 views
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Do I pay NJ state tax if I live in PA?
HOW DOES THIS AFFECT PA RESIDENTS WORKING IN NJ? Starting in 2018, PA residents working in NJ will file a NJ income tax return then file a PA Income Tax R...
Aug 09, 2026 1 views
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What is the IRS Form 1040 for 2018?
Form 1040 Department of the Treasury—Internal Revenue Service U.S. Individual Income Tax Return 2018 OMB No. 1545-0074 IRS Use Only—Do not write or staple...
Aug 09, 2026 1 views
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Is S-Corp owner self-employed?
The big benefit of S-corp taxation is that S-corporation shareholders do not have to pay self-employment tax on their share of the business’s profits. The...
Aug 09, 2026 1 views
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Can a business deduct donated services?
As a result, donated services are not tax-deductible at all for businesses or individuals. Other types of donations, such as products, inventory, and cash...
Aug 09, 2026 1 views
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Can TurboTax handle backdoor Roth?
If you haven’t paid for your TurboTax Online filing yet, you can buy TurboTax download and switch from TurboTax Online to TurboTax download. Here’s the pl...
Aug 09, 2026 1 views
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Can a lien be filed against a corporation or LLC?
An IRS lien filed against a corporation or LLC does not extend to the owner (s) or the owner’s property, and vice versa. The IRS tax lien covers all prope...
Aug 08, 2026 1 views
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How old do you have to be to be a full time student?
• Under age 19 at the end of the year. • A full-time student under age 24 at the end of the year. • Or, permanently and totally disabled at any time durin...
Aug 08, 2026 1 views
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Is child care credit and child tax credit the same?
The child tax credit begins to phase out if your modified adjusted gross income (MAGI) exceeds a certain level. The other credit–the child and dependent c...
Aug 08, 2026 1 views
