Are fees paid for tax preparation deductible? Tax preparation fees on the return for the year in which you pay them are a miscellaneous itemized deduction and can no longer be deducted. These fees include the cost of tax preparation software programs and tax publications. They also include any fee you paid for electronic filing […]
What qualifies as combat zone?
What qualifies as combat zone? The term “combat zone(s)” is a general term used on IRS.gov and includes all of the following hostile areas where military may serve: actual combat areas, direct combat support areas, and qualified hazardous duty areas. Is combat pay earned in a combat zone taxable? Any form of pay earned while […]
Are annuities suitable for IRA rollovers?
Are annuities suitable for IRA rollovers? Yes, you can move your IRA or 401k to an annuity tax-free! Annuities funded with an IRA or 401(k) rollover are “qualified” plans, enabling an insurance company to create an “IRA annuity”, into which you can deposit your retirement funds directly. Can an IRA be invested in an annuity? […]
What is Arizona retirement pay?
What is Arizona retirement pay? $3600 $1,548 A percentage set by statute and based upon your total years of service at retirement. Determined by one of two calculation methods: the 36 month or 60 month calculation. The Graded Multiplier is a percentage set by Arizona Revised Statute §38-757. Do employers contribute to ASRS? The ASRS […]
What happens when you cash out an annuity?
What happens when you cash out an annuity? If you take money out of an annuity, you may face a penalty or a surrender fee, also known as a withdrawal, or surrender, charge. Annuity contracts include surrender charges to make up for the insurance company’s loss if you choose to withdraw before they can earn […]
What items are subject to sales tax in Washington state?
What items are subject to sales tax in Washington state? Services subject to sales tax Construction services (WAC 458-20-170) Installation, cleaning, and repair services (WAC 458-20-173) Landscaping and landscape maintenance (WAC 458-20-226) Providing tangible personal property with an operator (WAC 458-20-211) Retail recreation services (WAC 458-20-183) Do you pay sales tax on services in Washington […]