What if I lost my 1099 DIV?
You can retrieve missing forms 1099-INT, Interest Income and 1099-DIV, Dividends and Distributions by requesting them from the bank or financial instituti...
Category: Updates
Can I be audited after 3 years?
The basic rule is that the IRS can audit for three years after you file, but there are many exceptions that give the IRS six years or longer. For example,...
How much tax is deducted on H1B?
As an H1B worker in the US, you can expect to pay between 20-40% of your wages in federal and state and local taxes, depending on your income level. These...
What do you do if you have no work-life balance?
No Work-Life Balance? 4 Things to Do About It Institute email-free hours at night and on weekends. Email is a wonderful thing in that it helps us easily s...
When should I expect form 5498?
You can expect to receive IRS Form 5498 if you made contributions to an IRA (Individual Retirement Arrangement) in the preceding tax year. The “custodian”...
What expenses can an author deduct?
Research Expenses: Professional writers may deduct their research expenses such as the cost of books or hiring a researcher. Legal and Professional Servic...
Can I put my daughters name on my house?
Adding a child’s name to a deed gives him or her an ownership interest in your home. As a result, you cannot sell the home or refinance your mortgage with...
What if I inherit a house with a mortgage?
You generally have a few options when you inherit a house with a mortgage. You can sell it to pay off the mortgage and keep the rest of the money as your ...
Can non residents claim inheritance tax?
Domicile is a legal concept which considers an individuals long term home. Therefore, if you are UK domiciled as well as a non-resident at the time of pas...
How do I file taxes with Turbo Tax if we owe money?
In TurboTax, select the option I will mail a check when asked how you want to pay your owed taxes. Follow the on-screen instructions to print a filing cop...
