Form W4 is the tax withholding form to let employers know by employees about their anticipated federal income tax returns to set an appropriate withholding rate. It isn’t mandatory to file, but it would be nice doing it for your taxes. In this article, we’ll go over the basics of Form W4 and answer the … Read more
The federal law requires everyone to pay their income taxes gradually during the tax year rather than making a single payment after filing a return. This helps taxpayers to pay off their tax liabilities bit by bit while it keeps the cash flow coming into the Treasury. How the taxes are paid during the tax … Read more
The advanced child tax credit payments have been in the talks for quite some time now, and families and single parents that qualify for the credit are wondering about September’s deposit. We’ll explain everything you need to know about the second child tax credit and the date it will arrive in your bank account. The … Read more
Form DS-82, US Passport Renewal Application for Eligible Individuals is the Department of State form that’s used for requesting a passport renewal. Although not many of us choose to renew our passports unless it’s not used much or at all, you can use the DS-82 to request a passport renewal. You’re not required to file … Read more
Form D-400, NC State Income Tax Return is the state income tax return for NC residents and workers. The same as federal income taxes, you’ll file this tax form in for the income earned between January 1, , and December 31, . While most other states tax their residents based on how much they earned, … Read more
To simply put it, accounting practice is recording the day-to-day activities of a business’s financial operations. Every business that holds day-to-day activities need accounting practice. In a world where everything is automated, accounting practice is oftentimes handled manually, costing hours of work hours to businesses. While there are business management software that can handle these … Read more
The Internal Revenue Service announced a few months back that the child tax credit will have its advanced payments like the premium tax credit. While the child tax credit is significantly higher than the premium tax credit and it’s more accessible to taxpayers, it’s now a question of whether or not it’s worth getting the … Read more
The first quarter of the year starts on January 1st and ends on March 31. Taxpayers that earn self-employed income or income in general that isn’t subject to federal income tax withholding are required to make estimated tax payments to the Internal Revenue Service, to pay what they owe for the quarter. Since there is … Read more
For every quarter, the Internal Revenue Service requires taxpayers to make estimated tax payments. If you’re earning income that’s subject to federal income tax withholding, you aren’t required to estimate taxes. Only those that are earning income that isn’t subject to federal income tax withholding, such as those that are self-employed are required to make … Read more
The way that dividends are taxed can be quite confusing especially if you’ve just begun collecting them. Regardless of the financial institution that brings you an income from dividends and other distributions, you will receive Form 1099-DIV that reports these. On this tax form, you will see the total income earned from dividends and the … Read more