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Is there a waiting period for long-term care insurance?

Most long-term care insurance policies have a waiting period before benefits begin to kick in. This waiting period can be between 0 and 90 days, or even l...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

What does redeposited check mean?

: to deposit (something) again : to return (something) to a place or put it in a new place … once you take a distribution from your account, you’ll owe no...

Does a single-member LLC file a 1040?

If the only member of the LLC is an individual, the LLC income and expenses are reported on Form 1040, Schedule C, E, or F. If the only member of the LLC ...

What is the best day in September to get married?

Labor Day weekend falls on Monday, September 2nd. The Saturday or Sunday before is the best time to get married on this holiday weekend. Even more so, if ...

What is S corporation basis?

Your S-Corporation basis is your individual equity in the S-Corporation. When you contribute funds or other property into an S-Corporation, your basis inc...

Do taxes need to be signed?

Be signed by at least one of the tax filers. The signature must be on the line on the tax return designated for the signature of the tax filer. Or, includ...

Do I have to report 1099 income?

Since the IRS considers any 1099 payment as taxable income, you are required to report your 1099 payment on your tax return. For example, if you earned le...

Can a business owner draw a salary?

You can draw up to $250,000, which is your portion of the business’s value. As your business grows, you can also draw your 50% of the profits. Many busine...

What is a non statutory conversion?

Nonstatutory Conversion This costly, complex method of conversion typically involves: Forming a new corporation. Transferring assets and liabilities from ...

How is partial unemployment calculated in Alabama?

A: Alabama law provides that each eligible individual who is totally unemployed or partially unemployed shall be paid with respect to such week a benefit ...