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Can I contribute to a traditional IRA if I file married filing separately?

You can’t contribute anything at all if you make $10,000 or more. A different set of rules apply if you’re married filing separately and you don’t live to...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

What does employee discretionary mean?

A discretionary bonus is extra pay that a company agrees to provide to an employee for specific or unexpected situations. These cash payments are not part...

Is S Corp capitalized?

Because the Internal Revenue Code does not contain any special rules for capitalization of S corporations, a shareholder’s contribution of stock in exchan...

Is 2 Shareholder life insurance deductible?

Two-percent owners can take a corresponding deduction for the cost of their health insurance premiums on their personal tax return. This benefit is treate...

What does it mean when a question is closed?

A question to which an answer must be selected from a limited set. Questionnaire items with fixed response categories are closed questions, and questions ...

What is a good method for establishing credit?

How to Build Credit Get a secured credit card. Get a credit-builder product or a secured loan. Use a co-signer. Become an authorized user. Get credit for ...

Can a student be considered an independent contractor?

The IRS considers individuals performing services to be employees, absent a reasonable basis for classification as an independent contractor. By default, ...

How do you thank someone who appreciated?

“Thank you, it makes my day to hear that.” “I really put a lot of thought into this, thank you for noticing.” “Thank you, I really appreciate you taking t...

How are Social Security disability benefits paid out?

Your SSDI monthly benefit will be based on your average covered earnings over a period of time, which is referred to as your average indexed monthly earni...

What is provide effective customer service?

The key to good customer service is building good relationships with your customers. Thanking the customer and promoting a positive, helpful and friendly ...