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There are two categories of employees on the IRS form used while reporting: The 1099 vs W2 employees. They are quite different, but it’s easy to misclassify these employees.... Read More
Freelancing can be a dream come true since you get to be your own boss. However, you also accept full responsibility for paying taxes. There are some important factors you... Read More
Anyone knows that filing taxes can be a daunting task. To do it when you do not have certain documents can be very stressful. A pay stub is considered to be one of those... Read More
The recent IRS layoffs have sparked nationwide debate. In the first weeks of the tax season, a wave of IRS firings has left many questioning the future of IRS operations.... Read More
Recently, the IRS Stimulus Check 2024 distribution plan was unveiled to the public. It provides approximately $2.4 billion for the payment of stimulus to about one million... Read More
The Low Income Housing Tax Credit (LIHTC) program is among the tools used in the USA to build affordable housing. So, how does the complex LIHTC program really work, and... Read More
It’s no surprise Florida is consistently one of the most business-friendly states in the country. Its low corporate tax and the list of tax incentives for economic... Read More
A Health Savings Account or HSA allows you to make contributions tax free, the savings grow free of tax and can be withdrawn tax free for eligible costs and purchases. But... Read More
You can reduce the amount of your income that is subject to tax through tax deductions. They are based on a range of factors, some fixed by the government and others referring... Read More
Tax codes can be confusing and may relate to federal, state or local taxes. So we have taken a look at what is a basic rate tax code, how codes are created, how to find and... Read More
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