general
What is box 12a on W-2?
The W-2 box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. Include this tax on Form 1040 Schedule 2, line 8, check box c and, in the s...
Mar 31, 2026 1 views
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General
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general
Can an employer issue a W2 and a 1099 to the same person?
Yes, an employee can receive a W2 and a 1099, but it should be avoided whenever possible. That’s because this type of situation is a red flag and frequent...
Mar 31, 2026 1 views
general
Can a military member own a business?
AVOID CONFLICTS OF INTEREST. While service members are allowed to run businesses and seek civilian employment, you need to abide by the military’s ethics ...
Mar 31, 2026 1 views
general
Can I claim funeral expenses for my mother?
You can still claim Funeral Expenses Payment if you’ve applied for these benefits and you’re waiting to hear about your claim. If you were responsible for...
Mar 31, 2026 1 views
general
What is the basis of assessing capital gain tax?
Capital gains are taxed on a realization basis. This means that the tax is only imposed when an investor opts to withdraw his or her investment from the m...
Mar 31, 2026 1 views
general
Does private school make a difference?
Private School: Diversity. The nation’s 34,576 private schools offer parents the ability to be more selective about the students with which their child wi...
Mar 31, 2026 1 views
general
How much is a pecan orchard worth?
Land is valued at $10,000 per acre and total investment in the orchard is fully paid off in 15 years. All cost estimates assume an average nut production ...
Mar 31, 2026 1 views
general
What do you do with old inventory?
If you’re looking at a surplus of merchandise in your store, there are several steps you can take to liquidate them: Refresh, re-merchandise, or remarket....
Mar 30, 2026 1 views
general
Can you have two student loans at the same time?
Consolidating Loans Students can consolidate all of their federal loans together and consolidate all of their private loans together so they make no more ...
Mar 30, 2026 1 views
general
Can you sue a contractor for damages?
Entering into a contract with a contractor who then fails to meet their obligations, or performs disappointing work may justify a legal claim against them...
Mar 30, 2026 1 views
general
Can you depreciate repairs and maintenance?
Generally, the cost to acquire, produce, or improve tangible property must be capitalized and depreciated over a number of years. On the other hand, the c...
Mar 30, 2026 1 views
general
Is 30000 miles high mileage?
There is only so low a car goes in value. After a while a car is considered high mileage and the depreciation curve flattens out, so technically you can g...
Mar 30, 2026 1 views
