Taxes

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

Article Highlights Advance Preparedness Cloud Storage Copies of Returns or Return Transcripts Records of Personal Residence and Real Property Vehicles Personal Property Business Records Hurricanes, fires, floods, tornadoes and other unanticipated events can all destroy tax records and require taxpayers to reconstruct financial records lost

On the one hand, it's almost a prerequisite for entrepreneurs of all types to have that "can-do spirit." That sense that nobody else sees things quite like they do so, whatever it is they want to accomplish, it becomes something they know they'll have to

When it comes to income taxes, two things tend to be true every year. The first is that April will always roll around yet again, whether you like it or not - which means that it's in your best interest to make sure your tax