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
Severance taxes are a form of tax imposed on the extraction of natural resources such as oil, gas, coal, or timber. These taxes are levied on businesses that extract natural resources...
Posted by Dennis Jao on 04/21/2023
Taxes are an important part of any economy, and governments levy taxes to generate revenue to fund their operations. Taxes can be levied on various entities, including individuals,...
Posted by Tiffany Gaskin on 03/31/2023
Small business sales tax is a tax levied on the sale of goods and services by businesses. It is an important source of revenue for many state and local governments and is usually collected...
Unpaid payroll tax penalties are charges imposed by the Internal Revenue Service (IRS) on an employer's account if they fail to collect, report, and remit employment taxes.What...
Posted by Tiffany Gaskin on 01/17/2023
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...
Suppose you're in active service and receive pre-retirement payments; you can decide to rollover the amount into another retirement account. Or suppose you switch between jobs;...
Posted by Dennis Jao on 11/17/2022
College funding is increasing every year, and other methods to subsidize the fees have made no significant difference. The rise in fees is more than the rate of inflation, which stands...
Posted by Tiffany Gaskin on 11/10/2022
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...