Form 941 is the quarterly tax return for reporting income taxes as well as withholdings of employee payroll taxes, Social Security, and Medicare. Click through for the basics on this important business form to ensure that you stay compliant.
Read MoreTax requirements for nonprofits are stringent, and the penalties for violating them can be heavy. Learn how to keep track of all your funding sources — and to keep your tax-exempt status.
Read MoreCryptocurrency is here to stay. That is clear from the proposed Infrastructure Investment and Jobs Act, which includes provisions about how cryptocurrency is taxed. Read about what may be on the horizon.
Read MoreDefined benefit plans offer guaranteed retirement benefits for employees. How do these time-honored plans work? Read about the advantages, disadvantages, and tax considerations for employers and employees.
Read MoreThis bill will allow an extension of time from March 15, 2022, to September 15, 2022, to make the New York PTET for the tax year 2022. This allows taxpayers time to analyze the changes made to the NY PTET and determine if an election should be made.
Read MoreIf you are a U.S. citizen or resident alien residing overseas or are in the military on duty outside the U.S., you are allowed an automatic two-month extension to file your return without requesting an extension. Learn more.
Read MoreWhen you're a spouse or personal representative of a deceased individual’s estate, you discover that even the deceased needs to file a final tax return. Click through to find out what responsibilities you have to square things with the IRS.
Read MoreNew entrepreneurs think about production, marketing, sales and human resources — but often forget the tax angle. You need to be on top of your IRS situation from day one. Click through for an overview of taxes for new businesses.
Read MoreFor now, the Build Back Better Act is on hold, and many provisions of the Tax Cuts and Jobs Act of 2017 expired, including some that may be extended retroactively. The following article lists some of the more far-reaching of these provisions, but keep in mind that it is not a definitive list.
Read MoreHere are some key items for taxpayers to know before they file next year, including charitable contributions, economic impact payments and advance child tax credit payments.
Read MoreThe Employee Retention Credit now applies only to wages paid before October 1, 2021, unless the employer is a recovery startup business. Read more…
Read MoreNow is a good time to check to make sure you're up on the rules. If you do not file Form IT-2104, your employer may use zero as your number of allowances.
Read MoreWith the end of the year in sight, the IRS has announced inflation adjustments taking effect in the new year.
Read MoreAny profit from the sale of your home is reported on Schedule D as a capital gain if you realize a profit in excess of the exclusion amounts or if you don't qualify for the exclusion.
Read MoreHow did you do this year and what can you claim? Take our test to see how well you’re doing and where you might need help.
Read MoreHow this change could significantly impact your financial statement and cash flows, especially if you're in technology and life sciences and conduct a lot of research.
Read MoreHow the "convenience of the employer" rule treats days worked at home as days worked at the employer's location. Learn more about this tax rule.
Read MoreBusiness expenses are the cost of carrying on a trade or business. Sometimes, the IRS gives you a tax break for your expenses. Here’s an introduction to the complex world of business tax deductions.
Read MoreTaxes are not something you should think about only as the due date approaches. Managing taxes is a year-round task. Here are some insights into commercial real estate taxation and how you may be able to lower your tax bill.
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