If you've made a mistake on your tax form, don't panic. There are processes and forms to remedy the situation.The worst thing that can happen with a mistake is interest and...
Posted by Don Bell Law on 11/25/2020
The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...
Posted by Elliot Kravitz, ATP on 11/24/2020
The Internal Revenue Services, IRS has shown interest in U.S taxpayers who have accounts in Liechtenstein, Cayman and other countries around the world. According to the IRS, U.S citizens...
Posted by BEST FINANCIAL GROUP LTD on 10/28/2020
There are many reasons you may wish to close your business. At The TaxAdvocate Group, LLC., you can get the help you need to tie up all loose ends and close up shop, properly. ...
Posted by The TaxAdvocate Group, LLC on 10/27/2020
If you had employees, you will also need to file a final employer’s federal tax return and a final unemployment return. These can be filed according to the regular due...
Posted by Unifirst Financial & Tax Consultants on 10/27/2020
An employee's work is usually repaid in wages, salaries, commissions, tips, additional benefits, fringe benefits, and bonuses. All of these taxes are subject to various state and...
Posted by Flynn Financial Group Inc on 10/01/2020
You might like the challenge of doing your own taxes, but for people who do not have the time or the patience to tackle such a challenge, hiring the services of a tax professional...
Posted by Aurelia E Weems CPA on 09/25/2020
For people in the real estate business with agents that you give commissions after every sale or lease, you must report such payment on a 1099 MISC form. Your obligation as an employer...
Posted by Carmen Garcia on 09/18/2020
It depends.Let’s start with winnings. The gross amount of your winnings from casinos, races, lotteries, non cash prizes, etc. are reportable as income. Depending...
