Federal law requires all employers to send employees W-2 statements no matter how low earnings or wages are. These W-2 statements can be sent in either pa...

Bad debt expenses are generally classified as a sales and general administrative expense and are found on the income statement. Recognizing bad debts lead...

In many companies, the chief executive officer (CEO), who holds the top management position in the company, also serves as chair of the board. This is oft...

Capital gains are generally included in taxable income, but in most cases, are taxed at a lower rate. A capital gain is realized when a capital asset is s...

In many cities across America, September is the best time to sell a house. From 2014 – 2017, New Orleans homes listed in September sold 8 days faster than...

If a parent wants to move overseas with their child, they can apply for court permission to do so. The parent who opposes the court application can also a...

We’ll automatically include four quarterly 1040-ES vouchers with your printout if you didn’t withhold or pay enough tax this year. We do this to head off ...

Once a contract is signed by all parties, the Seller can not just raise the price. However, if the Seller doesn’t have enough equity to pay off all of the...

As a member of an LLC, you must report business income on Schedule C to Form 1040. This form contains lines that help you calculate your profit or loss an...

A bi-weekly (2-week/14 day) pay period consists of 26 pay periods in a year. Each pay cycle generally consists of 80-hours for a full-time employee. Like ...