Are per diems wages?
Per diem payments are not considered wages—and are therefore non-taxable—as long as they meet certain conditions. You will be subject to taxes if any of t...
Is Social Security getting a raise in 2021?
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021. Read more about ...
What is NNN lease in real estate?
A triple net lease (triple-Net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property in...
What happens if you use the wrong Ein?
If you realize you made a mistake during your EIN application, you don’t have to fear. You may get a rejection notice from the IRS or you may notice somet...
How do I ask for a pay check?
Call your boss to inquire about the status of your last paycheck if you don’t receive it by the state-mandated time frame. Courteously greet your boss the...
How much do interior design company owners make?
How much profit can an interior design business make? The total profit depends on the number of interior designers working for the firm and that there is ...
Is renting a house for work tax deductible?
Employees and Independent Contractors Whenever you hire anyone to perform services for your rental activity, you can deduct their wages as a rental busine...
How do I deal with a non-deductible IRA contribution?
Form 8606 for nondeductible contributions Any money you contribute to a traditional IRA that you do not deduct on your tax return is a “nondeductible cont...
What do I do with uncashed payroll checks?
The funds from an uncashed payroll check should never be returned to the company’s payroll checking account. Employers must keep the funds available to pa...
Can an illegal immigrant get a tax identification number?
The Individual Taxpayer Identification Number (ITIN) is a tax-processing number issued by the Internal Revenue Service (IRS) to ensure that people—includi...
