Self-employment allows individuals to be their boss and pursue their passions while managing their businesses. However, this autonomy comes with additional financial responsibilities,...
Posted by Taxes Made EZ Inc on 08/11/2023
Royalty income can be defined as a form of payment received by individuals or businesses as a payment for the use of intellectual property, such as copyrights, trademarks, patents,...
Posted by Taxes Made EZ Inc on 07/07/2023
Self-employment taxes are typically levied on self-employment income of at least $400. The taxes cover Medicare and Social Security levies. Self-employment tax can be applied to any...
As the backbone of our agricultural industry, farmers play a crucial role in providing food and resources. Operating a farm involves various financial responsibilities, including taxes....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/02/2023
When it comes to filing your taxes, understanding the concept of Adjusted Gross Income (AGI) is crucial. AGI serves as the starting point for determining your taxable income, and it...
Posted by Taxes Made EZ Inc on 07/02/2023
Dealing with tax debt can be challenging and stressful for individuals and businesses. However, the Internal Revenue Service (IRS) offers several programs and options to help taxpayers...
Posted by Pat Raskob on 07/02/2023
As an independent contractor, you enjoy the freedom and flexibility of working for yourself. However, it also means taking on additional responsibilities, including tax management....
Posted by Rosovich & Associates, Inc. on 07/01/2023
As a responsible taxpayer, understanding your obligations and staying on top of your tax payments is crucial to avoid penalties and ensure a smooth tax-filing process. One important...
Posted by Pat Raskob on 06/23/2023
Individual Retirement Accounts (IRAs) offer individuals a valuable opportunity to save for retirement while enjoying certain tax benefits. However, it's crucial to stay informed...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/09/2023