Is a child care provider considered self employed?
Whether you are self-employed and can deduct daycare expenses from your daycare income depends on the amount of control a parent has over your work. Gener...
Published: Jan 20, 2026
How do you calculate sales tax on a website?
Calculating Sales Tax (Cost of the Item) * (Sales Tax Rate) = Total Sales Tax. 50 [Cost of the Item] * .101 [Sales Tax Rate] = $5.05 [Total Sales Tax] (Co...
Published: Jan 20, 2026
Can you retroactively contribute to an IRA?
Answer: No. Generally speaking, the IRS allows you to make your IRA contribution for a particular tax year up until April 15 of the following year. This r...
Published: Jan 20, 2026
Do architects need a 1099?
Examples of professional fees that require 1099 reporting include those paid to architects, engineers, lawyers, contractors and landscapers. Any compensat...
Published: Jan 20, 2026
What power does a trustee of an estate have?
The powers the grantor gives you, the trustee, in a trust instrument include the buying and selling of assets, determining distributions to the beneficiar...
Published: Jan 20, 2026
Does a 1099 show how much you made?
A 1099 form shows non-employment income, such as income earned by freelancers and independent contractors. On the other hand, a W-2 shows the annual wages...
Published: Jan 20, 2026
What if I forgot to file a 1098-T?
The amount of the penalty is based on when the Form 1098-T is filed. The penalties are: $30 per form if you correctly file within 30 days, maximum penalty...
Published: Jan 20, 2026
Can I use a plasma cutter to weld?
With no iron-oxygen reaction, plasma cutting these metals relies solely on heat transfer from the plasma arc to the work. With the right torch design, a n...
Published: Jan 20, 2026
Is a simple trust revocable?
If the grantor retains the ability to revoke the trust and revest the trust assets in the grantor, the trust is revocable and the income is taxable to the...
Published: Jan 20, 2026
Is it better to buy a pre-construction condo?
#1: Pre-Construction Condos Are Usually Cheaper Than Resale When you buy a pre-construction condo, you’re buying a condo at a fixed price. This price is s...
Published: Jan 20, 2026