general

When did my mother in law move in?

My mother in law moved in 2.5 yrs ago. With some medical issues, mostly manageable. There were no boudaries set for any of us. My wife thought it would be...

Published: Jul 05, 2026

news

What do I do if my employer did not give me a w2?

If you haven’t received yours by mid-February, here’s what you should do: Contact your employer. You should first ask your employer to give you a copy of ...

Published: Jul 05, 2026

news

How can I claim my excise duty refund?

The refund claim can be filed within one year from the relevant date in the specified Form [for the time being the format R-1 specified under rule 173S of...

Published: Jul 05, 2026

general

How do shareholder loans affect basis?

A capital contribution (also called paid-in capital) increases the shareholder’s stock basis; a loan increases the shareholder’s debt basis. Basis is impo...

Published: Jul 05, 2026

news

Are distributions from an irrevocable trust taxable?

As noted above, an irrevocable trust must pay income tax on its earnings. Typically, the beneficiary isn’t required to pay income taxes on distributions t...

Published: Jul 05, 2026

news

How much should I withhold for taxes in NJ?

Withholding Formula (Effective Pay Period 05, 2021) If the Amount of Taxable Income Is: The Amount of New Jersey Tax Withholding Should Be: Over $0 but no...

Published: Jul 05, 2026

news

How is a 754 election made?

To remedy this, a partnership may make a 754 election under Internal Revenue Code sections 743(b) and 734(b) to equalize the buyer’s basis in the purchase...

Published: Jul 05, 2026

general

Can 1040EZ be filed electronically?

Yes, you can file an original Form 1040 series tax return electronically using any filing status. Filing your return electronically is faster, safer and m...

Published: Jul 05, 2026

general

Can someone claim me as a dependent if I filed my own taxes?

You can still claim your child as a dependent on your own return. He/she can file his own return for a refund of some of his withheld wages (he won’t get ...

Published: Jul 05, 2026

updates

How much does it cost to open a sauna business?

What are the costs involved in opening a sauna installation business? Expect to invest up to $250,000 to get your company up and running. Initial franchis...

Published: Jul 05, 2026