You’ve come to the right site if you’re wondering how long it will take to receive your tax refund. This article discusses how you can make a good decision on how to receive your refund and whether you should file online or by direct deposit. E-filing You can get your tax refund in less than … Read more
Form W9 is one of the most basic tax forms used to provide taxpayer identification number to payers so that the appropriate tax forms can be filed. If you’re working as a freelancer or an independent contractor, this form is often mandatory as the payer won’t have your legal name and taxpayer identification number, which … Read more
Selling non-inventory assets like stocks are taxed at the capital gains tax rate, but this isn’t always the case. There are short and long-term capital gains – how the profit generated from the sale of a stock is going to be taxed depends on this. The short term capital gains are taxed as ordinary income, … Read more
California residents that are taxpayers must file Form 540, their state income tax return. Just like the federal income tax returns, this form can be filed electronically or on paper. Those who are looking for a free way to file their state income tax returns in an efficient and fast way can benefit from the … Read more
Being the state with the highest population and one of the highest state income tax rates, California taxpayers generally have more than one tax form to file. California residents need to use different tax forms for various purposes, but there is a single tax return like federal income taxes. There are two primary tax forms … Read more
Health Savings Accounts have plenty of benefits. The one that stands out the most is the tax benefits. This helps the account holder pay for healthcare without paying taxes on the money either for themselves or their family. Although the initial intention behind funding HSA is to save up for health emergencies, they can also … Read more
Employers are responsible for summarizing how much their employees earned during a pay period by issuing a pay stub. Unlike a paycheck, which is used for the employee to cash in and get paid, pay stubs are documents that summarize the total payment. A pay stub may include information about the pay of the employee, … Read more
Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code is the easier version of Form 1023. Cause Form 1023 is quite complex and a large portion of taxpayers that file it don’t need everything the form asks, using Form 1023-EZ to handle the needs is a lot easier. … Read more
Form W2, Wage and Tax Statement is the same as it was last year. The Internal Revenue Service didn’t bring any changes to the form. For your employees to report their earnings on their federal income tax returns, you’ll file Form W-2 the same way you did for the previous tax season. It doesn’t take … Read more
The tax holidays are special days that the purchase of certain items up to a certain amount are sold without a sales tax. The tax holidays have nothing to do with the federal taxes as states decide whether or not to have a tax holiday. This is also known as the sales tax holiday. Generally, … Read more