Employees have their taxes withheld by their employers. So, how do the self-employed pay? The self-employed pay estimated taxes quarterly by due dates to the IRS. This way, they can...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/22/2022
E-filing has become perhaps the most popular way to file tax returns due to the convenience and faster response times it provides taxpayers. Also, it can help reduce the number of...
Posted by Taxes Made EZ Inc on 05/22/2022
A letter from the IRS can give most taxpayers concern. A CP2000 notification is a notification from the IRS that the income or payment information does not match the information provided...
Posted by James Financial Services Inc on 05/22/2022
Selling a small business or company means income, and income denotes taxes. But how you structure your business can make a big difference in how much of the money gotten from the sale...
Posted by BEST FINANCIAL GROUP LTD on 05/22/2022
Would it be a good idea if workers in a company own stocks in that same company? The ESOP answers that question. ESOP is known as the employee stock ownership program.The employee...
Posted by Pat Raskob on 05/22/2022
Suppose you have tax debts this year. It is less than ideal - if you're struggling to pay off your tax debt, as it can have a lasting impact on your finances. But does tax debt...
Posted by Income Taxes and Bookkeeping LLC on 05/22/2022
If you decide to go back to school or help pay for the tuition of a child or grandchild, keep in mind that certain types of expenses may qualify for special tax treatment. Many pension...
Posted by KLSM CPA Firm PLLC on 05/22/2022
What is a subsidy?A subsidy is a benefit given to a business, an individual, or an organization, usually by the government. It can be in the form of direct subsidy(such as cash payments)...
Posted by Dennis Jao on 05/22/2022
Sometimes a debtor could be overwhelmed by debt repayments and may need to negotiate for debt cancellation. If you get one, the IRS considers it an income, and it is taxable. That's...
Posted by CORE PERFORMANCE on 05/22/2022
