If you need to file for an individual federal income tax return, you will now use the IRS Form 1040 or 1040-SR for Seniors. The other alternatives above: Forms 1040A and 1040EZ ended...
Posted by Taxes Made EZ Inc on 04/09/2021
People that are not married and do not qualify for other filing status have the single filing status as their default tax status. Your filing status affects many things like the...
Posted by Pat Raskob on 03/27/2021
When starting a business, one of the first decisions you'll face is what type of business to register for. The type of business you choose will affect your taxes, obligations,...
Posted by CORE PERFORMANCE on 03/26/2021
If you and your heartthrob are not married but living together, there is a probability you share a lot of expenses. Also, one of the parties might relieve the other financially. In...
Posted by Thomas G Kinsella, ATP on 03/26/2021
Classifying assets between liabilities and non-liabilities is not an easy task. This can often determine whether a current income deduction is received or what tax rate should be applied....
Filing requirements can go on and on, and nothing is more frustrating than paying a fine that could have been avoided.Take a few minutes to record all the relevant filing dates in...
Posted by Thomas G Kinsella, ATP on 01/30/2021
A business entity is an organization created to carry out business. The type of business entity determines how a company is taxed and its exposure to liabilities.SummaryA business...
Posted by Daniel P Vigilante CPA and Profit Consultants on 01/27/2021
The IRS recently made its first foray into expanding the tax capital reporting requirement for 2020, which will apply to all partnerships. The IRS press release summarizes the proposed...
Posted by Aurelia E Weems CPA on 01/18/2021
The Federal Fuel Tax Credit is a program that allows businesses to reduce their taxable income dollar by dollar-based on specific types of fuel costs. The fuel tax credit encourages...
Posted by Dennis Jao on 01/06/2021
