// current events
What is the difference between W8 and W8 Ben?
Form W-8BEN is used by foreign individuals who receive nonbusiness income in the U.S., whereas W-8BEN-E is used by foreign entities who receive this type ...
03 Mar 2026 0 views
Current Events
// current events
What is a retirement income statement?
Your Retiree Account Statement (RAS) is a two-page document issued by DFAS that summarizes your pay, benefits and deductions at a specific point in time. ...
03 Mar 2026 0 views
// current events
When to file an amended tax return for refund?
If you file after the unextended due date, don’t include any interest or penalties on Form 1040-X; they will be adjusted accordingly. Generally, to claim ...
03 Mar 2026 0 views
// current events
Does a deceased estate have to lodge a tax return?
You generally need to lodge an individual tax return for the deceased where they have earned income. Where this is the case you lodge a tax return for the...
03 Mar 2026 0 views
// current events
Is depreciation recapture subject to self employment tax?
Depreciation recapture Not subject to SE tax unless it is due to the business use of Section 179 or 280F property falling to 50% or less. How is recapture...
03 Mar 2026 0 views
// current events
How much do Australian workers get paid?
The national minimum wage is $772.60 per week, for a 38 hour week, or $20.33 per hour. The national minimum wage provides a starting point to calculate yo...
03 Mar 2026 0 views
// current events
How many years to go back to amend a return that was?
How many years can you go back to amend a return that was filed and accepted? Generally, you must file Form 1040X within three years from the date you fil...
03 Mar 2026 0 views
// current events
What happens to your tax return if your spouse dies?
If you qualify, you can use this filing status for the two tax years after the death of your spouse. However, you can’t use it for the year of death. To q...
03 Mar 2026 0 views
// current events
Do I need a business license to sell in California?
You must obtain a seller’s permit if you: Are engaged in business in California and. Intend to sell or lease tangible personal property that would ordinar...
03 Mar 2026 0 views
// current events
What are the penalties for not reporting?
Penalty for Missed Payments Due to Failure to Report The IRS levies a failure-to-file penalty of 5 percent for each part of a month that a return is late,...
03 Mar 2026 0 views