What is a tax identification number?The Tax Identification Number (TIN) is a 9-digit number used by the Internal Revenue Service (IRS) for tax purposes. This number can be a person's...
Posted by Jim McClaflin, EA, NTPI Fellow on 10/09/2021
It is very easy to donate a car to charity. The National Kidney Foundation of Utah and Idaho has one of the country's oldest (since 1990) and popular car donation programs. We'll...
Posted by Dennis Jao on 10/09/2021
When preparing for your income tax, the general rule is that you write off your daily business purchases, such as office supplies or utility vehicle mileage, as expenses, and purchases...
Posted by Rosovich & Associates, Inc. on 08/15/2021
Having a cash flow projection can be the difference between a thriving business and filling for a Chapter 11 for small business owners.A study found that 30% of businesses fail because...
Posted by Karen Munoz, EA on 08/06/2021
In dealing with the IRS, it often seems like the government is almighty. However, all taxpayers have their Right and knowledge of this can change your interaction with Uncle Sam.Terms...
Posted by Taxes Made EZ Inc on 07/31/2021
It is safe to call form 1040, the mother of all tax forms, as it is the standard tax form that people will need to report their income to Uncle Sam. In addition, it also comes handy...
Posted by CORE PERFORMANCE on 05/24/2021
In many cases, reimbursement of mileage is not compulsory in the United States even though there is a yearly Standard Mileage Rate for employers and their workers categorized as follows:With...
Posted by Tiffany Gaskin on 05/24/2021
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...
Posted by Pat Raskob on 04/30/2021
All US citizens with foreign accounts need to worry about the tax implications. Uncle Sam does not treat all funds held in a foreign bank account the same way as a domestic bank account....
Posted by KLSM CPA Firm PLLC on 03/31/2021
