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- Nov 18
- 1 min
84. Where Americans pay less in state income taxes
While individuals and businesses in all 50 states pay federal income tax, residents in 41 states also pay state income tax. Seven states...
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- Nov 17
- 2 min
83. Rental Property Deduction Checklist for Landlords
Owning a rental property is a huge part of the American dream. Renting out a residential property can be a solid investment, but there...
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- Sep 30
- 3 min
82. Do I Need to File a Federal Tax Return?
You might be wondering if you need to file a tax return. While most people who earn an income must file a Federal income tax return, that...
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- Aug 30
- 2 min
79. HSA Frequently Asked Questions
HSA FAQ What is a Health Savings Account (HSA)? An HSA is a tax-favored account used in conjunction with an HSA-compatible health plan....
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- Jul 21
- 2 min
69. The Annual Report: What You Need to Know!
What is an Annual Report? An Annual report is necessary because it keeps the company in good standing status as a registered entity. In...
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- May 11
- 1 min
63. I Made a Mistake on My Tax Return, What Should I Do?
You must file an amended tax return entering the corrected info and an explanation of why are you changing your report. Based on the...
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- Feb 20
- 3 min
54. Overview of What to Expect with U.S. Taxes
The United States operates on a “pay as you go” system of taxation. That means the government expects everyone to send in their share of...
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- Feb 3
- 1 min
45. Insurance check
I had a car crash last year, my car was completely destroyed. The insurance company has sent me a $ 7500.00 USD check. Do I need to pay...
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- Jan 31
- 1 min
42. NEW CORP IN DECEMBER
I opened a corporation in December of last year. I did not have any operations or activities. Do I need to file taxes for my business?...
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- Jan 30
- 1 min
41. Married Couple on 12/31/20XX
I married last year on December 31st. Do I need to file my taxes with my spouse? YES Based on the IRS guidelines, if you were married on...
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