In today's digital age, filing your taxes electronically (e-filing) has become the preferred method for both individual taxpayers and businesses. E-filing offers convenience, speed,...
Posted by KLSM CPA Firm PLLC on 10/10/2023
1. Contribute to Retirement Accounts:Maximize contributions to your 401(k), IRA, or other retirement accounts. These contributions can lower your taxable income and increase your retirement...
Posted by True Tax Service on 09/11/2023
Navigating the U.S. tax system can be complex for both resident and non-resident aliens. With various rules and regulations, individuals must understand their tax obligations and take...
IRS plans are a popular method for taxpayers to pay off their tax debt over a while. An installment plan allows you to pay off your tax debt in smaller, more manageable payments...
In recent years, the Base Erosion and Anti-abuse Tax (BEAT) has become an important consideration for many companies operating in the United States. BEAT was introduced in the 2017...
Posted by KLSM CPA Firm PLLC on 04/30/2023
Your tax payment as an independent contractor could be a little tricky. You must file extra forms, ensure you pay Uncle Sam enough in the year, and pay your self-employment tax. Who...
Posted by Karen Munoz, EA on 10/19/2021
One of the many documents your employer will ask you to complete is IRS Form W-4: Employee Withholding Certificate when you get a new job. The way you complete this Form determines...
Posted by Carmen Garcia on 02/17/2021
For people having difficulty settling a debt with Uncle Sam, there is the opportunity for an installment agreement every Month. For instance, people with a deficit of $50,000 or less...
Estimated tax is the method some employers use to pay income taxes. When paying income taxes, there are two methods allowed by the IRS; the withholding method or, you guessed it, the...