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Updates

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Where do savings bonds go after a parent dies?

Generally savings bonds have a beneficiary named but it is not mandatory and a deceased bonds would then go to their estate. Did your father also have a w...

Sep 02, 2026 1 views
updates

Is CenterPoint Energy and Vectren the same?

With the merger complete, the combined CenterPoint Energy and Vectren company now serves more than 7 million natural gas and electric customers in eight s...

Sep 02, 2026 1 views
updates

Do you pay taxes on cashed savings bonds?

Is savings bond interest taxable? The interest that your savings bonds earn is subject to: federal income tax, but not to state or local income tax. any f...

Sep 02, 2026 1 views
updates

Is an Inc a 1099 vendor?

If your vendor is a corporation (a C Corp or an S Corp) you do not need to issue them a 1099. The exception to this rule is with paying attorneys. If your...

Sep 02, 2026 1 views
updates

What happens if 1099-C is not filed?

In short, you’ll have to pay taxes on the extra income. That might mean your refund is reduced or that you owe more taxes than you would otherwise. In cas...

Sep 02, 2026 1 views
updates

When to file Form 1099-ltc for long term care?

File Form 1099-LTC if you paid any long-term care benefits. Long-Term Care Benefits “Long-term care benefits” means: 1. Any payments made under a product ...

Sep 02, 2026 1 views
updates

Is it better to trade options or futures?

Options may be risky, but futures are riskier for the individual investor. Futures contracts involve maximum liability to both the buyer and the seller. A...

Sep 02, 2026 1 views
updates

What happens to your RRSP when you turn 71?

An RRSP must mature by December 31 of the year in which you turn 71. On maturity, the funds must be withdrawn, transferred to a RRIF or used to purchase a...

Sep 02, 2026 1 views
updates

Can I file Form 8833 online?

Yes, on your form 8833, you have to use the number on your wage and tax statement form. Here is a link to the IRS regarding form 8833. You will have to fi...

Sep 02, 2026 1 views