Do reimbursements count as payroll?
Expense reimbursements aren’t employee income, so they don’t need to be reported as such. Although the check or deposit is made out to your employee, it d...
How do I stop an IRS lock in letter?
IRS lock-in letter 2801C Employees can appeal the letter with the IRS directly by requesting a modification to the notice. The employee has 30 days to app...
Where can I find 199A information?
The partnership reports this information on the Schedule K-1 (Form 1065) in Box 20, Code Z. It is this information from Box 20 of the Schedule K-1 (Form 1...
Are bypass trusts still necessary?
Bypass trusts are suddenly no longer necessary, as a surviving spouse can inherit the deceased spouse’s exemption along with his/her assets! Is a bypass t...
Does Ohio recognize federal extension?
The State of Ohio recognizes a valid Federal extension and will automatically grant you a corresponding state extension — there is no separate Ohio applic...
Is California franchise tax based on income?
Franchise taxes are generally either a flat fee or an amount based on a business’s net worth. California has a franchise tax, a corporate income tax, and ...
Is the Bolt EV fully electric?
In the city, the Bolt EV is great at selling all-electric. The front-drive hatchback, with 200 horsepower and 266 pound-feet of torque, feels almost comic...
Can I get my VA disability in a lump sum?
Federal law prohibits veterans from assigning get a lump sum for va disability benefits their VA benefits to a third party. It did so after being briefed ...
What will happen on September 12?
On This Day, September 12 1992 First African American Woman goes into Space. 1974 A Coup in Ethiopia ousts Emperor Haile Selassie. 1970 The Soviet Union l...
How does the IRS respond to unpaid payroll taxes?
The IRS considers unpaid payroll taxes a very serious violation. The agency will send out reminder notices once a business has missed a payment or two, bu...
