The state of singlehood also affects your tax filing from the IRS. There are many filing status like single, jointly, divorced, head of household, and a qualifying widow(er) with a...
Restricted expenditures are common among non-profit organizations. The money donated is to solve a specific program or was contributed to be used after a particular time or event like...
Posted by CORE PERFORMANCE on 07/12/2022
The IRS assesses penalties and interest on the employer's account when they fail to collect, report, and remit payroll taxes. You may be personally liable for failure to withhold...
It is a common saying that there is nothing as certain as death and taxes. However, the issue with taxes is the inconsistency and the complication. Also, tax is not as old as human...
A program was created by the Federal Unemployment Tax Act (FUTA) to help state government pay terminated workers unemployment benefits. Employers that pay wages of $1,500 or more annually...
Carried interest is part of the income obtained when a private equity fund sells an asset. Sometimes called "carry," it is part of the net capital gains of the sale fund....
Tax filing season is in full force and many of my clients express a healthy fear of the IRS. Any agency that has the legal power to tax and take ALL of your money should be respected....
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
Among your duties as a business is the necessity to gather, report, and pay payroll taxes as required by government and state laws. Peradventure you are a corporate officer or other...
Posted by John Pournaras Agency on 07/29/2019
Collecting, reporting, and paying payroll taxes are among the many responsibilities an employer has as required by federal and state laws. If you are a “responsible party”,...
Posted by YourIRSTaxAdvocate.com on 06/25/2019