Can I open an IRA and not contribute?
If you don’t qualify to make a deductible contribution, you can still put money in a traditional IRA. With a Roth IRA, if you make too much money, the opt...
What does alimony mean in divorce?
spousal support Alimony is financial support paid by one ex-spouse to the other after the marriage has legally ended. Alimony is also sometimes called spo...
Do you have to report all gambling winnings?
You don’t need to declare winnings or losses from gambling unless you’re a professional gambler. Does the IRS know about casino winnings? Any and all gamb...
Do you have to renew LLC Every year in SC?
Unlike most other states, South Carolina does not require LLCs to file an annual report. Can the owner of an LLC also be the organizer? Can I be my own LL...
What is assistant controller position?
An Assistant Controller, or Assistant Financial Controller, is responsible for providing high-level support to Corporate Controllers as they manage a comp...
How long do I have to file my taxes if I am getting a refund?
three years In most cases, an original return claiming a refund must be filed within three years of its due date for the IRS to issue a refund. Generally,...
Will I get a bigger tax refund if I get married?
A married couple can get greater charitable contribution deductions. Also for 2020, you can deduct up to $300 per tax return of qualified cash contributio...
What is a settlement in court?
In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. Structured settleme...
How many prior years can I file taxes?
You usually can still get a refund for up to three years prior. So, for 2020, you can still file for 2019, 2018, and 2017. This will also help you with a ...
Does the IRS issue partial refunds?
In most cases, the IRS takes part of your refund to pay for outstanding government debts you might owe. These include: State income tax debt. Unemployment...
