Inheritance tax, a levy imposed on the transfer of assets from deceased individuals to their heirs, has long been a subject of interest and concern. In the United States, inheritance...
Posted by Rosovich & Associates, Inc. on 08/11/2023
As online selling continues to flourish, the taxation landscape has become increasingly complex for e-commerce businesses. One crucial aspect that online sellers need to navigate is...
Posted by Rosovich & Associates, Inc. on 07/23/2023
Inheritance tax is the cost basis calculation for inherited assets against taxes owed to the state. That being said, most estates are simply too small to be charged the federal estate...
Self-employment taxes are typically levied on self-employment income of at least $400. The taxes cover Medicare and Social Security levies. Self-employment tax can be applied to any...
Property taxes are one of the many types of taxes that property owners have to pay. These taxes are levied on real estate, including land, buildings, and other structures, and are...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/27/2023
The BEAT (Base Erosion and Anti-Abuse Tax) was enacted in 2017 to discourage U.S. and foreign companies from evading their tax obligations by shifting their profits out of the United...
The IRS considers an independent contractor as a self-employed or an entity hired to provide a service or work for another entity as a non-employee. Due to that, independent contractors...
For a small business owner, tax season can be stressful, and the prospect of paying a large sum of money to the government is not really a pleasant one. That's why small business...
Posted by Pat Raskob on 09/30/2022
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...