What do I need to do once I move to Florida?
Here are some steps you should take once you make your move: Sign up for a Florida driver’s license or identification card. Update car insurance to reflec...
What is the income limit for SIMPLE IRA?
The employee contribution limit for a SIMPLE IRA is $13,500 in 2020 and 2021, or $16,500 for those 50 and over… How much can a 50 year old contribute to a...
Can you audit your own accounts?
Even if your company is usually exempt from an audit, you must get your accounts audited if shareholders who own at least 10% of shares (by number or valu...
Who has to file a FinCEN Form 114?
Whether you live in the U.S. or abroad, every U.S. person (U.S. citizens, green card holders, resident aliens) is required to file FinCEN Form 114 if they...
When do I need to file my 2013 federal tax return?
Important: You can no longer eFile a 2013 Federal or State Tax Return. Mail-in instructions are below. Prepare and eFile your 2019 Taxes by April 15, 2020...
Can family live in my second home?
If your family member lives in your second home and pays a fair-market value for rent, the house is considered a rental unit. If the property qualifies as...
How to check for back taxes and tax liens?
You will need 2 things to find out the back property taxes and tax liens information for a property. You need to know the county that the land is in, so i...
Who is in charge of settling a revocable living trust?
Most people have little experience being named as the successor Trustee in charge of settling their loved one’s Revocable Living Trust after the loved one...
Can I use TurboTax Deluxe for rental?
The Deluxe version of TurboTax Online does not support Schedule E, Supplemental Income and Loss, used to report a residential rental – you would need eith...
Does PayPal issue Form 1099-K?
If you cross the IRS thresholds in a given calendar year, PayPal will send Form 1099-K to you and the IRS for that tax year, the following year. You can a...
