updates
When did the exit tax in NJ start?
However, many people were leaving the state without paying this tax. To stop this New Jersey passed legislation (which went into force on June 29, 2004) t...
Sep 07, 2026 • 1 READS
updates
What taxes do you not pay when deployed?
Any form of pay earned while on deployment in a combat zone is excluded from federal income tax. This translates to a significant tax savings for the acti...
Sep 07, 2026 • 0 READS
updates
What is a limitation of profit-sharing plans?
Limitations to profit sharing plans Employers can only deduct contributions to retirement plans of up to 25% of total employee compensation. Total contrib...
Sep 07, 2026 • 1 READS
news
Can you file for unemployment if you lost your job four years ago?
Another is that you’re only eligible if you’ve worked for wages in the recent past. If you lost your job four years ago, did not file at that time and hav...
Sep 07, 2026 • 1 READS
general
What is the recovery period for Form 2106?
A recovery period is how long the asset can be expected to last and therefore, it’s time period for depreciation. Cars, computers and office equipment hav...
Sep 07, 2026 • 1 READS
news
Can I enter the US after my J-1 visa starts?
Once you have obtained your J-1 visa, you are ready to travel to the U.S. Immigration regulations allow you to enter the U.S. no earlier than 30 days prio...
Sep 07, 2026 • 1 READS
updates
Do eBay Buyers receive 1099s?
You may receive a Form 1099-K from eBay, depending on the totals of your sales and transactions. We’ll provide you with Form 1099-K by January 31st each y...
Sep 07, 2026 • 1 READS
updates
Do you need an LLC to be a freelancer?
If you do not form an LLC, it is still possible to do freelance work and earn money as a sole proprietor. However, being a sole proprietor might not be th...
Sep 07, 2026 • 1 READS
updates
What happens if you have more than one Nol?
More than one NOL: If you carry more than one NOL to the same tax year, your NOL deduction is the total of all carrybacks and carryovers to that year. If ...
Sep 07, 2026 • 1 READS
updates
Are there any tax deductions for employees in 2017?
Employees who incur job-related expenses can deduct some of those costs on their federal tax returns, at least through the 2017 tax year. When the Tax Cut...
Sep 06, 2026 • 1 READS
