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Taxes Feb 24, 2024 By Susan KellyUnderstanding Tax Implications of Receiving Gifts From Parents
Gifting money or assets to children can be a great way to provide financial security and assistance for their future, but it is important to understand the implications of taxes that may be applicable.
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Taxes Feb 10, 2024 By Susan KellyWhat Is the Qualified Dividend Tax Rate
Understand the qualified dividend tax rate, what it means to taxpayers, and how it could affect your investments. Discover strategies to minimize your overall taxation burden.
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Taxes Jan 27, 2024 By Triston MartinWhat You Need To Know About IRS Form 941
A crucial tax form for businesses is IRS Form 941, the Employer's Quarterly Tax Form. Most U.S. employers are obliged to submit quarterly federal tax returns, except for individuals who only do so once a year. Businesses with employees are required to submit federal withholdings from employees on Form 941.
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Taxes Jan 19, 2024 By Susan KellyS Corp vs C Corp: Simplified Guide to Choosing the Right Corporate Structure
Trying to decide between an S Corp and a C Corp for your business? This article breaks down the differences in a simplified, conversational manner, helping you make an informed choice.
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Taxes Jan 10, 2024 By Triston MartinAll About IRS Form 1040A
Do you need to file a 1040A for your taxes? Find out all the key information about this form – from who should use it to how it's filled out. Tackle your yearly taxes with confidence thanks to our guide!
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Taxes Dec 17, 2023 By Triston MartinTax Moves To Make Now For The End Of The Year In 2022
Reviewing your financial condition, making adjustments to reduce your tax bill, and taking advantage of tax credits and deductions are integral parts of year-end tax preparation. Checking your tax withholding, getting the most out of retirement contributions, giving to charity, selling assets with capital losses, and claiming tax credits are all options. Preparing for tax season requires keeping up with the ever-changing tax regulations and preparing ahead of time.
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Taxes Oct 28, 2023 By Triston MartinDo You Pay the Taxes That Are Required of You?
Consider the amount of taxes you pay to be excessive. Your response most likely significantly affects how you vote and how much money you make.
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Taxes Oct 13, 2023 By Susan KellyTax Return Backlogs? The IRS Has A Plan For That
Facing tax return backlogs? Discover the IRS's effective plan to streamline the process and get your refunds faster.
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Taxes Oct 11, 2023 By Susan KellyCracking the Code: Dealing with the Six Most Frequent Tax Issues in the Gig Economy
Explore the tax challenges faced by freelancers and gig workers. Discover the top six issues you need to be aware of.
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Taxes Oct 01, 2023 By Triston MartinBonus Tax Refund From the IRS
You would be in luck if you submitted your tax return for either 2019 or 2020 later than expected. Approximately 1.6 million persons will be refunded for previously paid fines.