The IRS requires 1099 forms to obtain information on various nonemployee transactions, including payments to freelancers and legal services. Sounds simple, doesn't it? Keep track...
The TCJA(Tax Cuts and Jobs Act) may have brought major changes to how income is taxed, but the choice of application remains the same. Taxpayers can still mail or e-file their tax...
Posted by Taxes Made EZ Inc on 02/28/2022
Nobody likes to do their taxes, but the task is even more difficult when preparing returns for the death of a spouse or a death certificate. If you are preparing a 1040 federal tax...
Posted by Taxes Made EZ Inc on 02/15/2022
Today, relatively few Americans itemize deductions on their tax returns. You can claim either the standard deduction or the itemized deductions, but not both. And, of course, you always...
An unexpected tax bill can ruin anyone's day. To help you avoid this unpleasant surprise, here are some simple steps that many people can take to reduce their taxes. In many cases,...
How to Know if the IRS Owes You MoneyGetting a tax refund can be a pleasant surprise. Maybe you need money for an emergency, you want to pay off some debt or save, or you just want...
Posted by Taxes Made EZ Inc on 01/31/2022
All businesses that have employees must submit an annual W-2 report containing information on total employee compensation and withholding tax for the year. If you have W-2 forms for...
Posted by Taxes Made EZ Inc on 01/21/2022
Do you think you have made it as a landlord? Wait until you find out what tax cuts you are entitled to. There is certainly a lot of frustration with owning a rental property. However,...
Posted by Rosovich & Associates, Inc. on 01/21/2022
A 401(k) work plan helps you save a considerable amount each year in retirement, but there are annual limits for your contributions and those of your employer. Whether you choose a...