Why is my tax refund being held up?
You may get a letter or notice from the IRS saying there’s a problem with your tax return or your refund will be delayed. There are many reasons why the I...
Published: Apr 23, 2026
Can a corporation hold stocks?
Corporations can own stocks, bonds, mutual funds and rental properties. Thus, the combined net corporate and personal tax on investment income earned by a...
Published: Apr 23, 2026
How much is an employment lawsuit worth?
According to EEOC data, the average out-of-court settlement for employment discrimination claims is about $40,000. Studies of verdicts have shown that abo...
Published: Apr 23, 2026
What does claim exemption from federal taxes mean?
When you file as exempt from withholding with your employer for federal tax withholding, you don’t make any federal income tax payments during the year. Y...
Published: Apr 23, 2026
Can I give interest-free loan to my son?
If for any reason you are inclined to make gifts to your major children, then you may give interest-free loans to your adult children so as to legally red...
Published: Apr 23, 2026
Should I buy a car if I have a company car?
If you only make a few deliveries a week and use the vehicle predominantly for personal errands and travel, then it might be best to purchase it privately...
Published: Apr 23, 2026
Is there a limit to how much you can withdraw from 401k?
There’s no limit for the number of withdrawals you can make. After you become 59 ½ years old, you can take your money out without needing to pay an early ...
Published: Apr 23, 2026
What is the minimum deductible to qualify as a high deductible plan?
For 2021, the IRS defines a high deductible health plan as any plan with a deductible of at least $1,400 for an individual or $2,800 for a family. An HDHP...
Published: Apr 23, 2026
What happens when CD hits maturity?
When a certificate of deposit (CD) matures, you get your money back without having to pay any early withdrawal penalties. The CD’s term has ended, so ther...
Published: Apr 23, 2026
Does Australia have double tax agreement with USA?
The US – Australia tax treaty was signed in 1982, with an additional protocol added in 2001. The purpose of the treaty is to prevent double taxation for A...
Published: Apr 23, 2026
