Do you have to gift property in California?
Gift property properly to avoid taxes. Gifting property to someone other than your spouse in the state of California can have significant tax implications...
Can employers fine employees for safety violations?
OSHA does not fine workers for workplace safety violations. “Each employee shall comply with occupational safety and health standards and all rules, regul...
Can the IRS put a hold on your passport?
Technically, the IRS can’t take your passport. But the IRS can start the process that leads to the State Department restricting your passport. But – that’...
What happens if you forget to pay tuition?
Unpaid tuition will keep your degree back – the qualification you so desperately need to start working. Your financial situation will be unnecessarily tou...
What was the FUTA rate for 2017?
6.0% The FUTA tax is 6.0% (0.060) for 2017. Most employers receive a maximum credit of up to 5.4% (0.054) against this FUTA tax. Every quarter, you must f...
Do you have to live in Louisiana to claim gambling winnings?
Your state of residence doesn’t matter. The requirement comes from the state where the earnings came from. Louisiana Department of Revenue website states ...
Where do I enter my 1099-R on my 1041 estate trust return?
Follow the steps below to enter the amount on Form 1099-R (Box 2a) that is treated as ordinary income: 1) Click the Federal Taxes tab and then click “Inco...
Do I have to pay taxes on the sale of my house in Ohio?
Will You Have to Pay Taxes When You Sell Your Home in Ohio? If you owned and lived in the place for two of the five years before the sale, then up to $250...
Can f-1 visa students work off campus?
F-1 students may not work off-campus during the first academic year, but may accept on-campus employment subject to certain conditions and restrictions. A...
How much tax does employer pay on W-2?
The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for th...
