Do both spouses need a retirement account?
No—only one spouse can contribute to a 401(k) account. 401k’s are tied to employment at a company that offers the plan to employees. However, a spouse can...
Published: Apr 22, 2026
Is there a penalty for underpaying estimated taxes?
If you didn’t pay enough tax throughout the year, either through withholding or by making estimated tax payments, you may have to pay a penalty for underp...
Published: Apr 22, 2026
How much do corporations owe in taxes?
Corporations pay an average tax rate of between just 3.0 percent and 6.6 percent on profits in tax havens. U.S. corporations pay very low tax rates—6 perc...
Published: Apr 22, 2026
How do I get someone under my conservatorship?
How is a guardianship or conservatorship set up? Someone interested in the individual’s welfare must file a petition in Superior Court, Probate Division, ...
Published: Apr 22, 2026
What is an executive restoration plan?
A restoration plan is designed to “restore” benefits or contributions that are cut back or limited under a tax-qualified retirement plan due to Internal R...
Published: Apr 22, 2026
What is wrong with the Affordable Care Act?
The ACA has been highly controversial, despite the positive outcomes. Conservatives objected to the tax increases and higher insurance premiums needed to ...
Published: Apr 22, 2026
Does West Virginia have reciprocity with Ohio?
Ohio has reciprocity agreements with Indiana, Kentucky, Michigan, Pennsylvania and West Virginia. Under this agreement, the income earned in these states ...
Published: Apr 22, 2026
Does an LLC have retained earnings?
An LLC refers to a limited liability company. Any profits that are not distributed at the end of the LLC’s tax year are considered retained earnings. The ...
Published: Apr 22, 2026
Can you add a convenience fee for credit cards?
Credit card surcharges, convenience fees and minimum purchase requirements are all fees that merchants can add to offset the cost of pricey processing fee...
Published: Apr 22, 2026
How do I look up a business license in Virginia?
You can find information on any corporation or business entity in Virginia or another state by performing a search on the Secretary of State website of th...
Published: Apr 22, 2026
