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Business Tax

What Taxes Are Progressive? A Guide on the Progressive Tax System

What taxes are progressive? Well, all of them! At least at the federal level for income tax. The US federal government utilizes a progressive tax…


How to Know If You Owe Taxes: The Complete Guide

How will you know if you owe taxes? Well, the IRS makes it no secret, truth be told. In fact, they’re supposed to inform you…


The Consequences of Filing Taxes Late

Filing your tax return late is not going to put you on the IRS’s good side, and they could penalize you with both late-filing penalties…


What Are Dividends Now Taxed At? A Comprehensive Guide for 2025

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Understanding_Dividend_Taxation.mp4"][/video]   As we’ve explained before, dividends are a form of income distribution given to a corporation’s shareholders, and are a popular…


Understanding Estimated Taxes

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Essential_Guide_to_Estimated_Taxes.mp4"][/video]   It’s safe to say that tax season is unnecessarily stressful, but at least it only comes around once a year,…


Understanding S Corp Taxes

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/01/corp.mp4"][/video]   S Corps taxes have some of the most unique tax advantages available to small businesses and their shareholders. In short,…


The Credit for Employer-Provided Childcare Facilities

Providing Childcare For Your Employees? You may qualify for a huge credit The Credit for Employer-Provided Childcare Facilities is tax credit that encourages employers to…


Potential Self-Employed Taxpayer Penalties in 2024

If Americans pay their estimated taxes late, they could be in line for a shocking bill from the IRS this spring. Last October, the IRS…