The second quarter’s estimated taxes marks the start of the second half of the tax year. When the second quarter ends, you have 15 days to pay your estimated taxes. If not paid on time, you’ll be hit with late-payment fees and there will be a lot of extra hustle and bustle, which shouldn’t be … Read more
Harris County is the most populous county in the state of Texas, with over 4.7 million residents. The county’s tax office is always busy. Whether you want to transfer a title, pay your property tax, or have other needs, you can visit the Harris County Administrative Building located at 1001 Preston St, Houston, TX 77002. … 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
The federal income taxes are paid in two main ways. You either estimate the tax you owe for every quarter and pay the IRS or let your employer withhold a portion of your income when processing payroll. If you’re self-employed, you will need to estimate taxes as there is no employer to withhold and handle … Read more
The Internal Revenue Service wants taxpayers that earn self-employed income to estimate and pay their income taxes every quarter. The estimated tax paid doesn’t have to be the exact amount of tax owed for that quarter. After all, it’s an estimation of taxes owed. Use Form 1040-ES for guidance to figure out estimated taxes for the 3rd … 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
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 federal law requires employers to take a portion of their employees’ wages and forward them to the Internal Revenue Service. The employees – in a way – control how much tax is taken out from their income by filling out a W4. The form lets the employees give information about their anticipated federal income … 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