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How many years back can you contribute to IRA?
Did you know that you’re allowed to make IRA contributions for last year all the way up until this year’s tax filing deadline? That’s right. You can make ...
Jan 19, 2026 1 Views
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Can a child be claimed on two tax returns?
Unless you and your spouse file a joint tax return, a child can only be a claimed as a dependent by one parent. In addition, you must also ensure that you...
Jan 19, 2026 1 Views
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Does a general partnership end when a partner dies?
A two-person partnership does not terminate upon a partner’s death if the deceased partner’s successor in interest (usually the estate) continues to share...
Jan 19, 2026 1 Views
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What happens to stock options not exercised?
How long do I have to exercise my stock options? If you leave your company, you can only exercise before your company’s post-termination exercise (PTE) pe...
Jan 19, 2026 1 Views
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How do I know if I owe back taxes in Ohio?
You can check the status of your Ohio refund online at the Ohio Department of Taxation website. by calling the Ohio Refund Hot Line at 1-800-282-1784. A t...
Jan 19, 2026 1 Views
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What are common startup cost expenses?
A startup cost is any expense incurred when starting a new business. Startup costs will include equipment, incorporation fees, insurance, taxes, and payro...
Jan 19, 2026 1 Views
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Is rental income considered when buying a house?
Generally, rental income can be counted when you’re applying for a mortgage or refinancing an investment property. However, like all other sources of inco...
Jan 19, 2026 1 Views
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What happens when a business is revoked?
A revoked, or canceled, corporation or LLC is usually when the owner of the corporation or LLC has not filed their annual certificate and the entity lapse...
Jan 19, 2026 1 Views
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What is a parent S corporation?
A parent S corporation uses Form 8869 to elect to treat one or more of its eligible subsidiaries as a qualified subchapter S subsidiary (QSub). The QSub e...
Jan 19, 2026 1 Views
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Are dividends from C corporations qualified?
C Corporation Taxes After the TCJA The corporation pays out most or all of its after-tax profits to the shareholders as taxable dividends that qualify for...
Jan 19, 2026 1 Views