Income Taxes
Information About Employer Identification Numbers (EINs)
IRS Requirements & How to Apply for an EIN An Employer Identification Number (EIN) is a 9-digit number issued by the IRS for the purposes…
What Is Estimated Tax & Who Does It Apply To?
Understanding the IRS Requirements for Estimated Taxes Everyone must pay taxes on the income they receive during the year, whether it is from a job,…
Hobby Income
Is your favorite pastime classified as a business or a hobby? Here's how the IRS sees it. Millions of people enjoy having hobbies —…
Business Taxes: Important Due Dates
In general, all businesses operating in the U.S. are required to report their activities to the IRS by filing annual tax returns. The due date…
5 Tax Deductions for Businesses
Beyond normal day-to-day business expenses, there are many other tax deductions that can help business owners reduce their tax liability. Not using all the deductions…
Tax Tips for Independent Contractors
Information for Self-Employed Persons For Federal income tax purposes, it is important to know whether you are an employee or an independent contractor. Employee…
7 Facts About Miscellaneous Deductions
Tips for Claiming Miscellaneous Deductions on Your Income Tax Return Itemizing your deductions (as opposed to claiming the standard deduction) means that you may…
5 Tax Tips for New Businesses
Federal Tax Information for People Who Are Starting a Business Starting a new business is an exciting adventure, but also a major undertaking. Although,…
