Small Business 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…
The Additional Medicare Tax
What You Need to Know The Additional Medicare Tax was implemented in late 2013 as part of the Affordable Care Act (ACA). Starting in tax…
Income Tax Extensions Explained
Nearly everyone knows that April 15 is the deadline for submitting tax returns in the United States. Although some entities may need to file before…
Tax Form 1099-MISC: Miscellaneous Income
Reporting Miscellaneous Income and Payments to the IRS Form 1099-MISC is an information return used to report certain miscellaneous income/payments to the IRS. If…
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…
