The new tax season is approaching fast. Get ahead of your taxes by remembering the important tax dates. For the 2020 taxes you’re going to file a tax return for in the tax season, here are the important tax dates to remember as well as the tax year key deadlines. Same as any other tax … Read more
What is the fiscal year? The fiscal year refers to the calendar the governments use. Unlike the traditional calendar year which starts from January 1st, the fiscal year for the U.S. government starts on October 1st, and ends on the last day of September the following year. Abbreviated to FY, it isn’t uncommon to see … Read more
The IRS sees pretty much any debt that has been lifted off of your shoulders as taxable income. This amount will be added to your gross income at the time of filing a federal income tax return. In a typical form, the financial institution that canceled your debt will provide information about the following. As … Read more
Temporary Lodging Allowance is the per diem of the United States Army. It basically works the same way as per diem and intends to cover the cost of lodging, meals, and incidentals. While figuring out whether Hawaii is CONUS or OCONUS can be quite confusing, know that Hawaii is not a part of the continental … Read more
Army Combat Fitness Test or ACFT for short is the forthcoming test for the U.S. Army. The main purpose of the ACFT is to prepare military service members to combat stress and prevent musculoskeletal injuries. When military service members train for the ACFT, these are accounted in it. Starting from October , ACFT is becoming … Read more
Taxpayers who select direct deposit as receiving their tax refunds get it faster than those who opt for check. What if the direct deposit information was entered wrong and how to correct it with the IRS? There is no way for you to correct the direct deposit information on your submitted tax returned if it’s … Read more
FAFSA applications are available to submit for the academic year. Students and parents can fill out paper FAFSA form on paper and mail it to the Department of Education. Before filling out a paper FAFSA form, consider submitting it electronically. There are plenty of upsides to submitting FAFSA online. It will take significantly shorter for … Read more
Visa Bulletin is the publication that provides monthly numbers of the list of applicants and the priority date for the applications included. It is issued for every month of the year by the Department of State. You can treat VISA bulletin as the waiting list if you’re subject to immigration quota. What to do with … Read more
The Basic Leader Course or known as the BLC is the first leadership course non-commissioned officers take. This course teaches the Army members about leadership, training management, map reading, land navigation, drills, warfighting, and ceremonies. In this article, we will go over the BLC as a whole and cover the upcoming class dates. If you’re … Read more
Form 1098-T is the tuition statement schools file for their students reporting the educational expenses. Form 1098 T is mostly used for figuring out the allowable education tax credits the student can claim on his or her federal income tax return. However, if the parent claims the student as a dependent on their federal income … Read more