Residency. To claim your child as a qualifying child, she must live with you at least half the year. However, the IRS makes an exception for time she spen...

Abandonment refers to any situation where one spouse has moved out. In New Hampshire, 90 percent of divorces are “no-fault,” which means that one spouse o...

Pursuant to statute, a person that operates a business as a sole proprietorship and persons that operate a business as partnerships are not employees of t...

The IRS limits who may own an interest in the business. A member should also review any applicable state laws regarding the transfer of shares to another ...

Every pay period, your employer withholds 6.2% of your earnings for Social Security taxes and 1.45% of your earnings for Medicare taxes….Income Tax Bracke...

It’s not: it’s the Employer Identification Number. You don’t need one if you’re a sole proprietor. For everyone else, you’ll use it to help the banks iden...

4-6 weeks Typically, it takes 4-6 weeks to receive your U.S. Tax Residency Certificate. It’s important to note that you cannot file Form 6166 if you haven...

How Can You Correct a Form 1098? Form 1098 reports mortgage interest to the IRS. This document is issued by the mortgage servicing company (usually the le...

If you do not remarry before the end of the tax year, you can file a joint return with your decease spouse using the married filing jointly return. For ex...

Option 2: Create One Corporation/LLC and Have Multiple DBAs Under the Main Corp/LLC. Once that LLC or corporation has been established, it files multiple ...