What happens when you get audited by New York State?
An audit may result in a bill for: additional tax, penalties and interest; the denial of a refund or credit you claimed; a proposed refund based on overpa...
Category: Updates
What is the independent contractor rule?
Most well-known for applying in California, the ABC Test presumes a worker is an employee unless the employer can establish all of the following: The indi...
How do you review evidence?
Key steps in conducting a narrative literature review Step 1: Define the research question. Step 2: Decide what to include in the search. Step 3: Decide w...
Can a CPA file an LLC?
If there are issues that apply to your business, an attorney can handle them for you; a CPA cannot. Filing LLC status alone won’t guarantee you legal prot...
Why is the 10-year Treasury yield going down?
10-year Treasury yield drops to lowest level since February amid signs of economic growth slowing. The 10-year Treasury yield fell to its lowest level sin...
How do you count days for a 60 day rollover?
You do NOT start counting the 60 days from the date you request the distribution, the date on the check, or the date the funds left the IRA account. You s...
Can you live off of investing money?
If you invest your money in income-producing investment vehicles, you can create an income for yourself that will allow you to live without working. The t...
What are insurance partnerships?
What Does Partnership Insurance Mean? It generally involves partners purchasing life insurance policies on each other and naming themselves as the benefic...
Can an LLC take on investors?
If you structured your business as a limited liability company, you can bring in investors – individuals, corporations and partnerships – to raise capital...
Does a tax extension delay payment?
An extension gives you extra time to file, but not extra time to pay. After you file an extension, if you owe taxes when you file your return, you might a...
