Income Taxes
State Income Tax vs. Federal Income Tax
It is important to understand the difference between State income taxes and Federal income taxes. If you don’t, you could end up making mistakes that…
Understanding Income Tax Audits
A Federal income tax audit is a review of your income tax return to determine its accuracy and truthfulness. Note that a tax audit is…
Understanding How Income Taxes Work
What Are Income Taxes and How Do They Affect You? For most people, the thought of paying income taxes makes their stomach turn. While everyone knows that…
2 tax benefits self-employed professionals should know about
Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these pricey items are covered when…
Temporary employee and independent contractor tax issues
How do temp employees file their taxes, and how do you know when you are an independent contractor? The economy might be improving, but…
How to estimate where you stand on income tax withholding
You do not want to use the IRS like a bank account. Believe me, the money withheld from your paycheck would be better spent elsewhere…
Why is my SECA Tax more than my friend’s FICA Tax?
What is SECA, why I pay more for Social Security, and how is that even fair You may have noticed the remarkably high self-employment…
How does the Federal Insurance Contributions Act (FICA) affect my taxes?
Calculate your FICA bill and understand what you are paying for You may have noticed a bigger bite out of your paycheck since January, 2013.…
