education insights
When Should 1099 forms be received?
If you received certain types of income, you may receive a Form 1099 for use with your federal tax return. You should receive these forms from the payer b...
Jan 18, 2026 0 Views
Topics: Education Insights
education insights
What is the discharge date of a Chapter 13?
Since a chapter 12 or chapter 13 plan may provide for payments to be made over three to five years, the discharge typically occurs about four years after ...
Jan 18, 2026 0 Views
education insights
How many children are incarcerated every year?
An estimated 76,000 children are prosecuted, sentenced or incarcerated as adults annually. What do I say to my son incarcerated? Remember that it’s OK to ...
Jan 18, 2026 0 Views
education insights
Can you amend to change depreciation methods?
Depreciation errors are corrected by either filing an amended return or filing a change in accounting method form. Can you reverse accumulated depreciatio...
Jan 18, 2026 0 Views
education insights
When should an asset be disposed?
An asset is fully depreciated and must be disposed of. An asset is sold because it is no longer useful or needed. An asset must be removed from the books ...
Jan 18, 2026 0 Views
education insights
Do you send 1099 to rental company?
Yes, per the IRS, Box 1 of a 1099 MISC form should include payments made for the rental of equipment. Real estate rentals paid for office space. However, ...
Jan 18, 2026 0 Views
education insights
Do wash sales apply to stocks?
It applies to most of the investments you could hold in a typical brokerage account or IRA, including stocks, bonds, mutual funds, exchange-traded funds (...
Jan 18, 2026 0 Views
education insights
Do animal friends pay the vet directly?
Yes, we can pay your vet directly at their discretion. This can be done by ticking the ‘Pay my vet directly’ box on the claim form. Alternatively, your ve...
Jan 18, 2026 0 Views
education insights
How do accountants approach their clients?
Try to adhere to these: Never try to directly advertise yourself. Don’t forget to share your posts. Always answer the replies or comments of visitors, eve...
Jan 18, 2026 0 Views
education insights
Is Form 4562 used for rental property?
Anyone who owns business property that they want to depreciate will need to file Form 4562. The following tax deductions will require the use of this IRS ...
Jan 18, 2026 0 Views