Are profit sharing contributions required?
A profit-sharing plan accepts discretionary employer contributions. There is no set amount that the law requires you to contribute. If you can afford to m...
Category: Politics
Do you have to be related to someone to get tax free inheritance?
There is no requirement for you to be related to the person who leaves you the inheritance. However, not all money received from the deceased is tax-free....
Are meals included in income?
As long as the meal is not considered lavish or extravagant and the expense is included in the employee’s income, the employer can deduct all the cost. Lo...
Can a LLC issue shares in a business?
No. Only businesses structured as a corporation issue shares. With a limited liability company, ownership is expressed by percentage and membership units....
When do I have to file my 2012 tax return?
Unfortunately, your statute of limitations for claiming a refund has expired. You were required to file your return within 3 years of the return due date....
How do I choose a 401k provider?
Selecting Your Company’s 401(k) Provider Step 1: Evaluate Your Top 401(k) Provider Needs. Step 2: Look for 401(k) Providers with Transparent Fees. Step 3:...
What are the sections of the Urla?
Additional Questions by URLA Section Section 1 | This section identifies the borrower(s), where (s)he lives, how (s)he earns income and how much. Section ...
How often do you need to complete a w8ben form?
Requirement to Complete Form W-8: This form must be renewed every three years. If the form W-8 is no longer valid, IBKR will assume that you are a non-US ...
Why are farmers selling land?
Financial Reasons Owners Sell Farmland Sometimes a seller just wants to realize their gains in asset appreciation or trade land for cash to invest in anot...
How does the IRS respond to unpaid payroll taxes?
The IRS considers unpaid payroll taxes a very serious violation. The agency will send out reminder notices once a business has missed a payment or two, bu...
