Tax questions

How long until I receive my tax refund?

You can find out here

Written by Success Team
Updated over a week ago

How do I know if I have to file a separate business return?

A few guidelines on that

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Updated over a week ago

What happens if I don't file my tax return or file it late?

Time is of the essence

Written by Success Team
Updated over a week ago

What if I can't afford to pay my tax liability?

Interest will accrue on your liability, but there are options

Written by Success Team
Updated over a week ago

What's a K-1?

We'll tell ya, partner...

Written by Success Team
Updated over a week ago

Do I have to file a tax return?

Well that depends on a few things...

Written by Success Team
Updated over a week ago

Reasons you may want to file a tax return even though there is no legal obligation

There may be some money with your name on it...

Written by Success Team
Updated over a week ago

Why would a dependent have to file a tax return?

Most likely because they made a few bucks...

Written by Success Team
Updated over a week ago

How does the IRS define home ownership

Home is where the heart is?

Written by Success Team
Updated over a week ago

How do I know if I'm an independent contractor?

When you know, you know; but in case you don't know...

Written by Success Team
Updated over a week ago

What does the IRS consider rental property income?

Almost anything involving the short-term or long-term rental of a property you own...

Written by Success Team
Updated over a week ago

How can I verify whether or not I sold stocks during the year?

They've gotta tell you!

Written by Success Team
Updated over a week ago

How can I verify whether or not I received dividends during the year?

Ah yes... Putting your money to work for you...

Written by Success Team
Updated over a week ago

What is a non-resident alien?

Non-US citizens who haven't passed resident criteria...

Written by Success Team
Updated over a week ago

What's included in household income?

You might be surprised...

Written by Success Team
Updated over a week ago

What's considered a foreign asset?

Turns out most assets held offshore are considered foreign assets...

Written by Success Team
Updated over a week ago

What exactly is a dependent?

Someone that depends on you...

Written by Success Team
Updated over a week ago

How do I know how many K-1s need to be prepared?

Easy... # of owners = # of K-1s

Written by Success Team
Updated over a week ago

How do I know if there was a change in partners' capital?

Selling interest or bringing in new partners...

Written by Success Team
Updated over a week ago

How do I know if my company made a distribution?

Actually, quite easily...

Written by Success Team
Updated over a week ago

What qualifies as research & development?

Let's go through that step-by-step...

Written by Success Team
Updated over a week ago

What's the difference between the sale of inventory vs business property/capital assets?

It's like selling product on the shelves vs selling the shelves...

Written by Success Team
Updated over a week ago

Why do you need to know if I (or my business) own or controls a foreign bank account?

Because the IRS needs to know...

Written by Success Team
Updated over a week ago

Why do you need to know if a foreign entity owns a piece of my company?

Because the IRS needs to know...

Written by Success Team
Updated over a week ago

Why do you need to know if I have an ownership interest in a foreign entity?

Because the IRS needs to know...

Written by Success Team
Updated over a week ago

How do I know which states require me filing a tax return?

Generally, those states in which you did business

Written by Success Team
Updated over a week ago

What are the implications of applying for tax-exempt status?

It's not all rainbows and butterflies...

Written by Success Team
Updated over a week ago

What's the difference between a public charity and a non-exempt charitable trust?

Think crowd-funding vs an angel investor

Written by Success Team
Updated over a week ago

How do I know if we had income unrelated to our tax-exempt mission?

Just for non-profits

Written by Success Team
Updated over a week ago

What qualifies as campaigning or lobbying?

This matters if you're a non-profit

Written by Success Team
Updated over a week ago