Who is responsible for preparing 1099s? In many cases (depending on the size of the transaction, location of the property and the parties involved), the closing may end up running through a title agency or closing attorney – and in those cases, THEY (the closing agents) are responsible for filing the 1099-S, so it’s not […]
Will the federal government offer early retirement?
Will the federal government offer early retirement? It’s possible to retire early from government with as little as 10 years of service. But it’ll cost you. To qualify for an immediate, unreduced retirement, you would need 30 years of service or more if you were between your MRA and age 60, and at least 20 […]
How do I report royalties?
How do I report royalties? You generally report royalties in Part I of Schedule E (Form 1040 or Form 1040-SR), Supplemental Income and Loss. However, if you hold an operating oil, gas, or mineral interest or are in business as a self-employed writer, inventor, artist, etc., report your income and expenses on Schedule C. How […]
How do I start a tire delivery business?
How do I start a tire delivery business? Obtain the appropriate business licenses and permits from your federal, state, city and county governments. Obtain a resale permit from your county courthouse. Consult with an attorney for the best type of business structure for a tire business in your area. Purchase inventory and vehicles to transport […]
Can a mobile home park take your mobile home in Florida?
Can a mobile home park take your mobile home in Florida? Eviction Laws and Mobile Homes As with any other rental situation, mobile home park owners have the right to evict a mobile homeowner, but not without due cause. Under Chapter 723 Florida statutes 2018, the following are grounds on which a renter can be […]
Is 25 pension lump sum tax free?
Is 25 pension lump sum tax free? You can usually take any pension worth up to £10,000 in one go. This is called a ‘small pot’ lump sum. If you take this option, 25% is tax-free. When can you take your 25 tax free lump sum from pension? 55 You can take up to 25% […]