It is no secret that the modern economy has changed the employment relationship between workers and companies. Many companies have responded to cost pressures by changing how they...
Posted by Taxes Made EZ Inc on 09/10/2022
For many people, retirement is the start of a new phase of life. While this may be the same situation for you, it does not have to be challenging. You could have a comfortable, fun,...
Posted by Taxes Made EZ Inc on 04/26/2022
Every independent contractor is considered self-employed by the IRS (internal revenue service). An independent contractor can operate as a limited liability company, a sole proprietor,...
Posted by Pat Raskob on 04/09/2022
Whenever you see a dollar from a lottery win, please remember that the IRS has taken its 25%. Up to 13% can be withheld in local and state taxes (depending on where you live). However,...
Posted by Pat Raskob on 09/30/2021
Franchise tax applies to taxes paid by certain companies that wish to do business in certain states. Also called a privileged tax, it gives the company the right to be established...
Posted by Pat Raskob on 08/24/2021
There are several college savings plans with 529 plans as one of them. It comes with a series of tax benefits and can allow you to build your kid's college funds with time. In...
Posted by Rosovich & Associates, Inc. on 06/18/2021
Understanding Itemized Deductions We define itemized deductions as a series of expenses with which one can reduce taxable income on a tax return. It includes medical bills, interest...
Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...
When dealing with taxes, one needs to be proactive as things do not always move in a single direction. One might receive an income now with the mandate to repay some or everything...