Income Taxes
LLC Taxes: How Are LLCs Taxed?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2021/12/Understanding_LLC_Taxation_Basics.mp4"][/video] Are you considering going the LLC route? Whether it’s because of your business growing in complexity, or you just want to…
The FICA EE Tax: What It Is And How It Affects You
Whether you’re an employee or an employer, you’re probably used to seeing an endless list of acronyms next to the many deductions on the money…
1099 Deductions: The Ultimate Guide for Independent Contractors and Freelancers
What Are 1099 Deductions? Being your own boss comes with many perks, sure, but it can also make you feel like a lone ship adrift…
Treasury Bonds and Taxes: The Ultimate Guide
In general, income from any type of bond issued by the federal government (including its many agencies), is considered taxable income and therefore subject to…
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…
About Paying Taxes on Your Winnings From Gambling
Gambling winnings are fully taxable and must be reported on your tax return. However, there are a few key differences on how you might have…
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…
Taxes and Military Funding: Your Tax Dollars at Work
Whether you want to be better informed in order to engage in public discourse about the US’ fiscal policy, or are simply curious about how…
