Category: Tax Tips
Tax Year 2023: Top Tax Breaks for Independent Contractors
Full or part-time freelancing provides job flexibility and additional income, but dealing with taxes can…
What employees need to know about income tax withholding.
Tax Tip 2023-82 (Source: IRS) Whether someone is entering the workforce for the first time…
Day Camp and Other Child Care Expenses
See if money you pay for day camp or other childcare expenses can help you…
Small business owners: these improvements are coming soon.
Tax Tip 2023-72 Good news for small business owners — improvements to IRS phone service…
An Identity Protection PIN helps shield taxpayers from tax-related identity theft
Tax Tip 2023-70 Identity Protection PINs stop identity thieves from filing fraudulent tax returns. Taxpayers…
S Corp Formation, Benefits and Demerits
Since there is a lot of misunderstanding and false information floating around online about S-Corporations,…
Interest rates remain the same for the third quarter of 2023.
Issue Number: IR-2023-104 WASHINGTON — The Internal Revenue Service today announced that interest rates will…
Estimated Tax
The Internal Revenue Service (IRS) requires taxpayers to make quarterly estimated tax payments on their…
What you should know, when investing in Foreign Mutual Funds?
It is common knowledge that citizens and permanent residents of the United States who earn…
After a disaster, affected taxpayers may qualify for tax relief
Issue Number: Tax Tip 2023-67 Tax relief is available for people living in areas that…