Is a freelancer a business entity?
Sole proprietorship is the default business entity for freelancers. This means that if you start working as a freelancer without forming an LLC or cor......
What happens to a rental property when it is sold?
Often when a rented property is sold, the tenancy continues. The new owner simply becomes the new landlord. But sometimes the buyer doesn’t want tenan......
Which is college education expenses are tax deductible?
Reminder: Keep your documentation! Schools will provide (via mail or electronic portal) the student with a Form 1098-T , which will reflect tuition an......
Do you pay state taxes on TSP withdrawal?
The TSP does not withhold for state or local income tax. However, on IRS Form 1099-R, we do report all TSP distributions to the taxpayer’s state of re......
How do you choose the right answer on a multiple choice test?
Multiple-Choice Test Taking Tips and Strategies Read the entire question. Answer it in your mind first. Eliminate wrong answers. Use the process of......
