How do I file a 1099-NEC with Michigan?
Send your Form 5081 along with your Form 1099 to the following mailing address: Michigan Department of Treasury, P.O. Box 30401, Lansing, MI 48909-7901. H...
Category: Updates
How do I correct a mistake on my W-2?
Call the IRS toll free at 800-829-1040 or make an appointment to visit an IRS Taxpayer Assistance Center (TAC). The IRS will send your employer a letter r...
When must an employer deduct PAYE?
As soon as an employee is working for more than 22 hours in a week or states that he or she has no other employment, tax must be deducted according to the...
How much can I withdraw from 529 per year?
To be safe, limit your 529-plan withdrawals to your beneficiary’s total qualified higher education expenses less $4,000. If you are not eligible for the A...
Can a LLC have no income for a year?
Sometimes a limited liability company has a year with no business activity. A newly formed LLC might not have started doing business yet, and an older LLC...
Do I have to give my caregiver a 1099?
If the caregiver is an independent contractor and is paid $600.00 or more in one calendar year, then the employer would be required to give the caregiver ...
How can I check my Social Security credits?
You can get your personal Social Security Statement online by using your my Social Security account. If you don’t yet have an account, you can easily crea...
When to take Social Security if you are married?
Both wait until age 70 to claim benefits If you or your spouse (or even both of you!) can wait until you’re 70, you’ll receive your highest Social Securit...
Is a PTA considered a non profit organization?
Most PTAs are classified as tax-exempt 501(c)(3) public charities under the Internal Revenue Code (IRC). Is the PTA a 501 c 3? PTAs are generally classifi...
Can a parent with sole custody deny visitation?
A parent with sole custody of a child cannot deny visits from the child’s other parent unless it’s first approved by a court. If you have sole custody and...
