Can I have a 401k if I am self-employed?
Solo 401(k) plans allow you to make far higher contributions to your retirement plan than if you are an employee in an employer 401(k). Any self-employed ...
Category: General
Is an owner of a corporation considered self-employed?
If you own and operate a corporation, however, you are not technically self-employed, but an owner-employee of the corporation. Freelancers fall under the...
Is a monetary gift considered taxable income?
Cash gifts aren’t considered taxable income. Good news if you’re the recipient—any money given to you as a gift doesn’t count as income on your taxes, so ...
What is this permanent partial disability benefit of an employee?
The most common type of workers’ compensation claim is one for permanent partial disability (PPD). PPD benefits are paid to people who are not totally dis...
How do you write a disclaimer in legal opinion?
Remember to use the usual disclaimers, that the opinion is based on the law as it stands on the date when you are signing it, and is based on the facts an...
Is it OK to go to another dentist for a second opinion?
It is perfectly reasonable and acceptable for you to seek out a second opinion regarding potential dental work. A reputable dentist will not be offended b...
Why have I not received my Social Security tax statement?
If you did not receive your SSA-1099 or have misplaced it, you can get a replacement online if you have a My Social Security account. Sign in to your acco...
How much do mortgage brokerage owners make?
As with any profession, earnings tend to increase based on years of experience and the amount of time dedicated to the profession on an ongoing basis. The...
Is Taiwan a tax treaty country?
The United States has not entered into an income tax treaty with Taiwan. While this does not preclude a person who is considered a US person and earning i...
Are professional athletes considered self employed?
Q – Is every professional athlete an employee? These athletes are treated as self-employed taxpayers and ProSportsTax works with such individuals proactiv...
