Taxes

Article Highlights: Foreign Entities Conducting Business in the U.S. U.S. Address Applying for an EIN By Telephone EIN Online By Fax or Mail Updating EIN Information It is mandatory for foreign entities that are conducting business in the United States to have an Employer Identification

Article Highlights: What is Taxable Income Section 61(a) of the Internal Revenue Code No 1099 Cash Sales Reselling Sports and Concert Tickets Crowdfunding On-line Garage Sales The answer to the question “what income is taxable?” can have some surprising outcomes, and this article explores some

The seismic shift toward remote work has become a game-changer, with profound implications for personal finances. According to Stanford University economist Nicholas Bloom, remote work is not only altering the way we work but also reshaping our financial dynamics. Let's delve into the compelling incentives

Article Highlights: Self-Employment Tax Exemptions From Self-Employment Tax Occasional Income Computing the Self-Employment Tax Farm and Non-Farm Optional Methods Foreign Earned Income Self-employment (SE) tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is like

As you approach retirement age, the thought of returning to work might be on your mind. Whether you're considering part-time roles or fully immersing yourself back into the workforce, this article is designed to provide insights into the financial aspects of such a decision. We

Some politicians’ dreams of imposing a wealth tax on the richest Americans face a critical juncture as the United States Supreme Court prepares to weigh in on a seemingly minor tax dispute involving a $14,729 tax liability. The case, known as Moore v. United States,

Facebook: Starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Article Highlights: Reason for Form 8300 E-File

Just about everyone has an opinion on the healthcare system in the United States. What may Americans don’t realize, however, is that there’s another tangential battle going on when it comes to healthcare facilities themselves. Property tax breaks – specifically for non-profit hospitals and clinics

Article Highlights: 1099-K Reporting. Third-party Settlement Organizations. American Rescue Plan of 2021 Mandated Reporting Threshold. Delayed Implementation 2023 Threshold 2024 Planned Phase-in Threshold Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service has announced a delay of

Article Highlights: New Lower threshold for e-filing information returns Why the e-filing mandate? What is an Information Return? Other affected filings Corrected information returns Noncompliance Penalties Waivers IRS Portal Businesses, whether operating as a corporation, partnership, or a sole proprietorship, have been required to electronically