How does paying taxes work with mutual funds?
Generally, yes, taxes must be paid on mutual fund earnings, also referred to as gains. Whenever you profit from the sale or exchange of mutual fund shares...
Category: Updates
Where do I file SC1120S?
Mail Balance Due returns to: SCDOR Corporate Taxable PO Box 100151 Columbia, SC 29202 Payments: Pay online using our free tax portal, MyDORWAY, at Do I ha...
Who were the original inhabitants of Hawaii?
Native Hawaiians, also known as Kanaka Maoli, are the indigenous or aboriginal people (and their descendants) of the Hawaiian islands. Their ancestors wer...
Where does line 5a on Schedule A come from?
State and Local General Sales Taxes. If you elect to deduct state and local general sales taxes instead of income taxes, you must check the box on line 5a...
How do you sell a mobile home that has been moved?
The Legal Side of Selling a Mobile Home to Be Moved If your manufactured home is currently on the same title as your land and taxed as real property, you’...
Do couples with daughters more likely to divorce?
In “Daughters and Divorce”, Jan Kabatek of the University of Melbourne and David Ribar of Georgia State University, in Atlanta, confirm that having a fema...
Where does short-term disability go on W-2?
Reporting to Employees – IRS Form W-2 You must furnish Form W-2 to both the employee and the IRS. The W-2 must show the portion of disability benefits exc...
How does my husband apply for disability?
Your spouse must contact the SSA to apply for benefits. The SSA’s phone number is 800-772-1213. Your spouse will need his or her Social Security number an...
What are the tax consequences of renting an inherited house?
Tax Consequences for Renting an Inherited House If you inherit a house that you don’t want to live in, an obvious option is to rent it out. The tax man ma...
How do you deal with a financially irresponsible mother?
If your parents are willing to talk, here are the steps that you can take to address the problem: Use an I statement to express your concern. Be very clea...
