culture

Do I need to include form 5498 on tax return?

Form 5498: IRA Contributions Information reports your IRA contributions to the IRS. Your IRA trustee or issuer – not you – is required to file this form w...

Mar 03, 2026 • 2 READS

culture

What makes an independent contractor a 1099 contractor?

W-2 positions direct employees as to how, when, and where they do a job. Workers who complete tasks or work on individual projects will fall under a 1099....

Mar 03, 2026 • 1 READS

culture

Is rental property a capital gain?

Most rental properties are held for over a year. But if you sell real estate at a profit after owning it for one year or less, the profit is a short-term ...

Mar 03, 2026 • 1 READS

culture

Can a single-member LLC own a husband and wife LLC?

After all, that’s why it’s called a single-member LLC. the LLC is wholly owned by the husband and wife as community property under state law. no one else ...

Mar 03, 2026 • 1 READS

culture

How can I teach myself stocks?

10 Great Ways to Learn Stock Trading in 2021 10 great ways to learn stock trading as a beginner. Open a stock broker account. Read books. Read articles. F...

Mar 03, 2026 • 1 READS

culture

How far can you backdate disability?

If you qualify for the disability tax credit, you could get up to 10 years of backdated tax breaks, plus additional financial help from the government. Ho...

Mar 03, 2026 • 1 READS

culture

How do I contact the IRS from Canada?

1-800-267-6999 Check status of 2020 tax return. Estimated 2020 refund amount. When to expect your 2020 refund. Can I work for US company from abroad? Yes....

Mar 03, 2026 • 1 READS

culture

Where does a 1099-OID go on 1040?

Generally this is reported as tax-exempt interest on the tax return on Form 1040, Line 8b. However, in certain cases a portion of this amount may be consi...

Mar 03, 2026 • 1 READS

culture

What is a CP3219A from the IRS?

It is a proposal and informs you about the information we’ve received and how it affects your tax. It also provides you the option to agree or supply addi...

Mar 03, 2026 • 1 READS

culture

Is owning stock owning part of a company?

Owning shares means you’re also a company owner. When you buy shares, you’re buying a share of the company’s assets and its profits. In fact (and in law),...

Mar 03, 2026 • 1 READS