The Daily Insight

Featured Article

What happens if you miss the business tax deadline?

If you don’t file an extension or make a payment on time, you’ll have to pay penalties and interest on what you might owe the IRS. To learn more about fil...

Read Full Article Browse news

Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

What is an all inclusive rate on W2?

My prospective employer (a consultancy service) gave me 3 options: signing on as 1099, W2 w/ benefits or W2 all inclusive. The “all inclusive” option mean...

What happens if you put the wrong number on your tax return?

If you have put the wrong account number, the IRS will attempt to direct deposit your refund on your direct deposit date. If the account number is incorre...

Do taxes get discharged in bankruptcy?

Most tax debts are not discharged in bankruptcy, which means you continue to owe them after your bankruptcy case is concluded. The tax debt was due at lea...

What is an IRS letter 2645C?

This is a notice or letter from the IRS telling the taxpayer that they have received the correspondence sent into IRS. Many times the IRS has not had time...

Can a US citizen file a non resident return?

You must file Form 1040-NR, U.S. Nonresident Alien Income Tax Return (or Form 1040-NR-EZ, U.S. Income Tax Return for Certain Nonresident Aliens With No De...

How do I prepare for an insurance sales interview?

Insurance sales interview tips Brush Up on the Industry. Prepare to Sell Yourself in a Minute. Talk About Your Selling Prowess. Be Ready for the Tough Que...

Can you live in the US on a TN visa?

Well, the TN visa is a non-immigrant type of visa classification that is available to the citizens of Mexico and Canada. Those who have a TN visa can work...

How do I know if NY State accepted my tax return?

The New York State Department of Taxation and Finance today reminded taxpayers that the quickest way to check the status of their refund is to use the Che...

Is capital subject to depreciation?

Capital depreciation refers to the decline in value of a capital asset. To give a simplified example, if a machine is bought for $10,000 but only has a us...