updates

When did the full retirement age go up to 66?

The full retirement age further increases in two-month increments each year to 66 and 10 months for those born in 1959, up from 66 and 8 months for those ...

Sep 04, 2026 • 0 READS

updates

Can I use my business account to pay my credit card?

Any time a business pays for personal expenditures, it is taxable income to the person receiving the “benefit” of that payment. If the charges on the cred...

Sep 04, 2026 • 0 READS

updates

Where does fair market value go on 1099-a?

On your Form 1099-A, you’ll see a box that asks for the fair market value of the asset. If your lender has sold the asset, the amount received by the sell...

Sep 04, 2026 • 0 READS

updates

What is Form 1095-C and what do I do with it?

Form 1095-C provides information about the health coverage offered by your employer and, in some cases, about whether you enrolled in this coverage. Use F...

Sep 04, 2026 • 0 READS

updates

What does total and permanent mean for VA disability?

Permanent and Total disability, or P, refers to veterans whose disabilities are total (rated 100 percent disabling by VA) and permanent (have zero or clos...

Sep 04, 2026 • 1 READS

updates

How much appreciated stock can I give to my son?

Currently for 2016, the annual gift excluded from estate considerations is $14,000. That means that a mother and father could each give $14,000 in appreci...

Sep 04, 2026 • 1 READS

updates

When does TurboTax transfer data from federal to state?

May 24, 2019 3:35 PM TurboTax transfers data from your federal return to your state return. If the info in your federal return is incomplete or incorrect,...

Sep 04, 2026 • 0 READS

updates

Does Florida have disability tax?

$500 Disability Exemption: Every Florida resident who is totally and permanently disabled qualifies for this exemption. $5000 Disabled Veteran: Any ex-ser...

Sep 04, 2026 • 0 READS

updates

Do I have to give my caregiver a 1099?

If the caregiver is an independent contractor and is paid $600.00 or more in one calendar year, then the employer would be required to give the caregiver ...

Sep 04, 2026 • 1 READS

updates

How do you account for donations given?

For-Profit Accounting Journal Entry In the for-profit world, a company receiving a donated asset will record the donation as a debit to “Fixed Asset” and ...

Sep 04, 2026 • 1 READS