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

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

updates

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

updates

What is it called when you invest in foreign stocks?

Exchange-Traded Funds (ETFs) An international exchange-traded fund offers investors a convenient way to access foreign markets. Before buying an internati...

Sep 06, 2026 • 1 READS

updates

Does Colorado tax out of state retirement income?

Colorado Income Tax PERA does not withhold taxes for any other state. Colorado law excludes from Colorado state income tax total pension income up to $20,...

Sep 06, 2026 • 1 READS

updates

Are moving expenses still deductible in 2019?

IRS moving deductions are no longer allowed under the new tax law. Unfortunately for taxpayers, moving expenses are no longer tax-deductible when moving f...

Sep 06, 2026 • 1 READS