An employee's gross salary is the amount of salary or wages before the tax or deduction is deducted and is the starting point for other calculations. These calculations are independent...
Posted by The TaxAdvocate Group, LLC on 06/06/2021
Uncle Sam issued tens of millions of tax refunds every year, and every taxpayer gets an average of $2,500 tax payment. If you know how to play it well, there could be bigger tax...
Posted by Taxes Made EZ Inc on 05/24/2021
The legislative arm of the government, known as Congress, is in charge of formulating the Internal Revenue Code (IRC), also known as the tax code. This tax code guides tax collection,...
Posted by Pat Raskob on 05/24/2021
Taxes on trust funds can create big problems for small businesses. When an employer withholds part of an employee's salary to pay income tax, health insurance, and social security,...
Posted by Taxes Made EZ Inc on 05/19/2021
A payroll tax deferral was put in place by President Donald Trump at the end of 2020. The income tax instructions recently released by the Defense Finance and Accounting Service (DFAS)...
Posted by James Financial Services Inc on 05/19/2021
An exemption is a legally permitted deduction that reduces the amount of income subject to income tax. The IRS previously offered two exemptions: personal exemptions and employee exemptions....
Posted by James Financial Services Inc on 05/07/2021
It is more common than you might think for someone to live in one state and work in another. You might need to file a non-resident income tax return if you earned money in a state...
Posted by The TaxAdvocate Group, LLC on 04/29/2021
Taxes on trust funds can cause big problems for small businesses. When an employer withholds part of his employee's salary to pay income tax, social security, and Medicare taxes,...
Posted by Unifirst Financial & Tax Consultants on 04/29/2021
Do I need an ITIN? If so, how do I get one? Does it expire? What do I need to know about ITIN and my tax return? These are frequently asked questions that arise each year as tax season...
Posted by Abundant Wealth Planning LLC on 04/09/2021
