Social Security benefits are a critical source of income for millions of retirees in the United States. However, many recipients are unaware that a portion of their Social Security...
Posted by Taxes Made EZ Inc on 10/31/2023
Tax compliance is critical to running a business, and understanding the implications of various tax liabilities is essential for business owners. One area that often generates confusion...
Posted by Taxes Made EZ Inc on 10/10/2023
For individuals receiving disability benefits, understanding the tax implications of these payments is crucial. Disability benefits can come from various sources, such as Social Security...
Posted by Taxes Made EZ Inc on 08/22/2023
In the US tax system, distinguishing between employees and independent contractors is essential because it determines how people are classified for tax purposes. In addition to outlining...
Posted by KLSM CPA Firm PLLC on 08/17/2023
Self-employment allows individuals to be their boss and pursue their passions while managing their businesses. However, this autonomy comes with additional financial responsibilities,...
Posted by Taxes Made EZ Inc on 08/11/2023
If you run a small international business based in the United States, navigating the U.S. tax system can be quite complicated. Here are some tax tips to help you manage your tax obligations...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/29/2023
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...
Posted by Pat Raskob on 07/07/2023
Filing an income tax form for a deceased person is a requirement that must be fulfilled by the executor of the deceased person's estate. The executor is responsible for filing...
Posted by Rosovich & Associates, Inc. on 05/31/2023
People who hire household workers, like gardeners, caregivers, housekeepers, etc., will pay an employment tax called the nanny tax. The threshold for the 2023 tax year is $2,600, and...
Posted by KLSM CPA Firm PLLC on 05/27/2023
