To be considered qualified, dependents must meet the following criteria: Children under the age of 13. A spouse who is physically or mentally unable to ca...

Do I still need to file a DC state tax return? No. If you live in VA, work in DC and your only source of DC income is wages, then you will not need to fil...

Amending your LLC’s Operating Agreement is a pretty straightforward task: members need to approve the change and then you need to document it. Amendments ...

It is legal if the products are authentic and not counterfeit. But if you operate an online store, you have a duty to make sure that the products that you...

The California Earned Income Tax Credit (CalEITC) Has Now Expanded. Starting in 2021, taxpayers with ITINs will now be able to claim the CalEITC and Young...

In 2020 and 2021, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. If you give more than $15,000 in c...

The IRS sends the 2801C lock-in letter to the employee. This letter states that the employee has claimed an exemption status that is incorrect or has more...

You can’t receive Social Security retirement benefits and disability benefits at the same time (with one small exception, which we’ll discuss below). In t...

$13,229 Tax-free basic personal amounts For the 2020 tax year, the federal basic personal amount is $13,229 (for taxpayers with a net income of $150,473 o...

If you have assets in a tax-deferred account, you could avoid RMDs and their associated taxes by rolling the balance into a Roth IRA. This is done through...