politics

What is the extended due date for Form 1042?

March 15, 2021 An automatic six month extension of time to file Form 1042 can be obtained by filing Form 7004 on or before the due date for Form 1042 (Mar...

Mar 08, 2026 • 0 READS

politics

Does a sole proprietor have to register with the state of Texas?

How do I register my online business? You don’t have to register a sole proprietorship in Texas. If you want to register to pay state taxes, visit the Tax...

Mar 08, 2026 • 0 READS

politics

Who sends our stimulus checks?

the IRS About 2 million more $1,400 stimulus checks have been issued. This seventh batch brings the total number of payments to approximately 163 million,...

Mar 08, 2026 • 0 READS

politics

Can you take depreciation on a leased vehicle?

If you own or lease your vehicle for business purposes, the IRS allows you to write off some of the cost of the vehicle via depreciation or lease expense....

Mar 08, 2026 • 0 READS

politics

How much money does a bank have to report?

So, two related cash deposits of $5,000 or more also have to be reported. When $10,000 or more of cash is used to buy a negotiable instrument such as a ba...

Mar 08, 2026 • 0 READS

politics

Is business interest expense the same as investment interest expense?

Interest is classified by the way loan proceeds are used. For instance, if loan proceeds are used to buy investment property or business property, the int...

Mar 08, 2026 • 0 READS

politics

How do you find February has 28 or 29 days?

Each month in the modern Gregorian calendar consists of at least 28 days. That number would be a nicely rounded 30 were it not for February. While every m...

Mar 08, 2026 • 0 READS

politics

How does the Stimulus money affect your tax refund?

How the stimulus payments could affect your 2020 tax refund If you’ve correctly claimed the Recovery Rebate Credit, the IRS will add the money you’re due ...

Mar 08, 2026 • 0 READS

politics

Can you take money out of your 401k after 55?

What Is the Rule of 55? Under the terms of this rule, you can withdraw funds from your current job’s 401(k) or 403(b) plan with no 10% tax penalty if you ...

Mar 08, 2026 • 0 READS

politics

How do I file W-2 for my employees?

You have two options when it comes to filing your W-2 documents. You can fill out paper forms or file electronically on the SSA’s Business Services Online...

Mar 08, 2026 • 0 READS