updates

Why does Turbo tax say I deferred Social Security taxes?

If the social security tax or social security wages was the only item that was not correct on the 2019 tax return, the W-2 was filed with the Social Secur...

Published: Apr 13, 2026

general

Is paying employees off the books illegal?

It is illegal in California to pay or get paid cash under the table in exchange for work. Some employers may justify the practice because: You don’t want ...

Published: Apr 13, 2026

updates

Can a US citizen become a UK citizen by marriage?

No. A U.S. citizen marrying a foreign national does not lose U.S. citizenship, nor does he/she automatically acquire U.K. citizenship if marrying a U.K. c...

Published: Apr 13, 2026

updates

When you file a tax extension when is it due?

If you request and are granted an extension, you typically have until October 15 to file you tax return. These extensions automatically extend your state ...

Published: Apr 13, 2026

general

What is an IRA prohibited transaction?

Generally, a prohibited transaction in an IRA is any improper use of an IRA account or annuity by the IRA owner, his or her beneficiary or any disqualifie...

Published: Apr 13, 2026

news

Is there a penalty for early withdrawal from an IRA in 2020?

The Early Withdrawal Penalty Taking money out of a retirement account before age 59 1/2 usually triggers a 10% early withdrawal penalty. However, the earl...

Published: Apr 13, 2026

news

Does an S-Corp need to file Form 2553?

In order to become an S corporation, the corporation must submit Form 2553 Election by a Small Business Corporation signed by all the shareholders. See th...

Published: Apr 13, 2026

news

What is the normal statute of limitations on a tax return?

State Tax Statutes. In California, for example, the basic tax statute of limitations is four years, not three. However, if the IRS adjusts your federal re...

Published: Apr 13, 2026

general

How do I change my payment method on Humana?

Call our automated payment line at 1-800-558-2813 (TTY: 711) Monday – Friday 8 a.m. – 6 p.m. EST to make a credit card, debit card or check payment or to ...

Published: Apr 13, 2026

general

Are installation charges taxable in North Carolina?

Repair, maintenance, and installation services is defined in N.C. Gen. Installation charges by a retailer to a purchaser as part of the retail sale of tan...

Published: Apr 13, 2026