current events
Can I have a side business while employed?
While it’s not illegal to start and operate a business on the side, your employer may have included a policy barring you from doing so. In some instances,...
Mar 04, 2026 • 1 READS
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Current Events
current events
Can a limited liability company be taxed as a partnership?
A Limited Liability Company (LLC) is an entity created by state statute. A domestic LLC with at least two members is classified as a partnership for feder...
Mar 04, 2026 • 0 READS
current events
What are the income requirements for dependents in 2020?
2020 Filing Requirements for Dependents 1 Your unearned income was over $2,750 ($4,400 if 65 or older and blind). 2 Your earned income was over $14,050 ($...
Mar 04, 2026 • 0 READS
current events
What should I do if I am a victim of tax identity theft?
If you find out that you are a victim of tax identity theft, you take these two critical actions immediately: Contact the IRS Identity Protection Speciali...
Mar 03, 2026 • 0 READS
current events
Is E Commerce profitable in Canada?
Thanks to its sizeable digital population, Canada has become a particularly profitable market in recent years. In late 2019, e-commerce retail trade sales...
Mar 03, 2026 • 0 READS
current events
Do Mexican citizens pay income taxes in Mexico?
Income Tax in Mexico If you are a U.S. citizen, note that the United States taxes citizens and permanent residents on their worldwide income. Mexico’s ind...
Mar 03, 2026 • 0 READS
current events
How do you prove you are a college student?
How Do I Provide Proof of Student Status? Photocopy of your dated student ID (with current date) Photocopy of your class registration. Photocopy of your c...
Mar 03, 2026 • 0 READS
current events
What should I know before creating an irrevocable trust?
Before jumping in to create an irrevocable trust, talk to your estate planning attorney about your goals. The two most common reasons for creating an irre...
Mar 03, 2026 • 0 READS
current events
What to do if you receive a CP2000 notice from the IRS?
If you disagree about the amount of tax owed, mail the amended return, a letter of explanation, and a check for the adjusted amount, to the address from t...
Mar 03, 2026 • 0 READS
current events
How to pay taxes owed to the state of California?
Make it payable to the Franchise Tax Board. If paying personal taxes, write your Social Security number and tax year you are paying for on the payment. If...
Mar 03, 2026 • 0 READS