Taxes

Article Highlights: Form W-4 Watch Out for Payroll Surprises Tips Odd Jobs Self-Employment Tax Working for Parents ROTC Students Newspaper Delivery Retirement Contributions As the summer break from school approaches, many students are looking for part-time summer employment. Both parents and students should be aware

Article Summary: Filing Status Deductions New Spouse’s Past Liabilities Combining Incomes Healthcare Insurance Spousal IRA Capital Loss Limitations Impact on Parents’ Returns Social Security Administration Internal Revenue Service U.S. Postal Service Withholding & Estimated Tax Payments Health Insurance Marketplace You think planning a wedding ceremony

Article Highlights: Repercussions of Incorrect Tax Returns Filing Amended Returns Statute of Limitations for Refunds Potential of Audit It is not uncommon to discover that an item of income was overlooked, a deduction was not claimed, or that an amended tax document was received after

June 2023 Individual Due Dates June 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during May, you are required to report them to your employer on IRS Form 4070 no later

While it's true that every business is different from the next - and every entrepreneur will go on his or her own unique journey - there are still a few constants that we know to be true. The start-up phase, for example, is when you

According to one recent study, YouTube had more than 2.68 billion active users as of 2023. The streaming giant's "YouTube Premium" paid accounts total nearly 80 million active customers all over the world. It's been estimated that over 50% of Internet users head to the

Article Highlights: Crowdfunding Sites Gifts Charitable Gifts Business Ventures SEC Registration Crowdfunding Scams Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. Several sites host money-raising projects for fees generally ranging from 5 to 9%, including GoFundMe, Kickstarter, and

It can be logical to assume that because you've moved out of the country, you no longer have to pay taxes on any money you earn. It can be logical... but it is also incorrect. Nearly all United States citizens must file a Federal Tax

Article Highlights: Section 1244 Ordinary Loss Versus Capital Loss Sec 1202 Gain Exclusion Small Business Corporation Written Corporate Resolution Documentation Starting a small business can be a risky undertaking and Internal Revenue Code Section 1244 provides special tax treatment to the disposition of certain qualifying

Article Highlights New 2023 Clean Vehicle Rules Income Qualifications MAGI Limits New Clean Vehicle Credits U.S. Department of Energy Index of Qualifying Vehicles Previously Owned Clean Vehicle Credit IRS Index of Qualifying Previously Owned Clean Vehicles Definition of a Qualifying Previously Owned Clean Vehicle Qualifying