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Which contract is forbidden by law?
A void contract, also known as a void agreement, is not actually a contract. A void contract cannot be enforced by law. Void contracts are different from ...
Sep 07, 2026 • 2 READS
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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
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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 • 1 READS
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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
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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
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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
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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
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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
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What is a HOA disclosure?
“The HOA disclosure is a two-inch thick packet that contains all the association rules, any amendments they’ve made, and the financial documents—those are...
Sep 06, 2026 • 1 READS
updates
Can you deduct lodging for work?
Lodging, meals and tips are deductible The IRS allows business travelers to deduct business-related meals and hotel costs, as long as they are reasonable ...
Sep 06, 2026 • 1 READS
