updates
How do I renew my EFIN number?
The firm must call the e-help Desk at 1-866-255-0654 to request a new EFIN. How do I find my EFIN? Steps I Took to Find My EFIN Number Visit the IRS websi...
Aug 31, 2026 1 views
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Updates
Expert insights and detailed technical documentation about Updates.
updates
What is Schedule A in Form 1040?
Use Schedule A (Form 1040) to figure your itemized deductions. If you itemize, you can deduct a part of your medical and dental expenses, and amounts you ...
Aug 31, 2026 1 views
updates
Are Chapter 13 bankruptcies discharged?
Although a chapter 13 debtor generally receives a discharge only after completing all payments required by the court-approved (i.e., “confirmed”) repaymen...
Aug 31, 2026 1 views
updates
Can mortgage insurance be written off?
Yes, through tax year 2020, private mortgage insurance (PMI) premiums are deductible as part of the mortgage interest deduction. How much mortgage insuran...
Aug 31, 2026 1 views
updates
What is the Roth IRA 5-Year Rule?
The first Roth IRA five-year rule is used to determine if the earnings (interest) from your Roth IRA are tax-free. To be tax-free, you must withdraw the e...
Aug 30, 2026 1 views
updates
Can I get my mother Social Security?
Your spouse, children, and parents could be eligible for benefits based on your earnings. You may receive survivors benefits when a family member dies. Yo...
Aug 30, 2026 1 views
updates
Does budgeting help save money?
Budgeting helps you save money by controlling your expenses and eliminating wasteful spending. Additionally, since budgeting requires you to plan your fin...
Aug 30, 2026 1 views
updates
Is there a cap on rental losses?
If the taxpayer or their spouse can be considered a real estate professional, there is no limit to the rental loss that can be taken and it can be applied...
Aug 30, 2026 1 views
updates
Can the IRS put a hold on your passport?
Technically, the IRS can’t take your passport. But the IRS can start the process that leads to the State Department restricting your passport. But – that’...
Aug 30, 2026 1 views
updates
Can a person still be married after a legal separation?
In a legal separation, the parties are still legally married. They may be able to retain certain marital protections and benefits. The spouses cannot lega...
Aug 30, 2026 1 views
updates
When do I have to make my first retirement distribution at 70?
Secondly, your first required distribution doesn’t have to be made until April 1 st of the year after you turn 70 ½. This is called your required beginnin...
Aug 30, 2026 1 views
updates
Do you need to file taxes for a LLC with no income?
Filing taxes for LLC with no income will depend on the way the LLC is taxed. An LLC can be taxed as either a sole proprietorship, partnership, or corporat...
Aug 30, 2026 1 views
