March 29, 2017
An Employer Identification Number (EIN) is a 9-digit number issued by the IRS for the purposes of identifying a particular business’ tax account. The EIN format is XX-XXXXXXX.
EINs are used by employers, sole proprietors, corporations,...
March 13, 2017
If you owe more taxes than you can afford to pay right now, the IRS offers payment arrangement options. However, it is important to understand that regardless of your reason for paying taxes late, the IRS will charge interest and penalties for...
February 16, 2017
For businesses, tax due dates can vary depending on the type of business entity. Corporations, partnerships, and sole proprietorships often have different deadlines to file their tax returns. It is also important to note the due dates for mailing...
December 19, 2016
Everyone must pay taxes on the income they receive during the year, whether it is from a job, self-employment, or other sources. The IRS expects to receive tax payments as your income is earned...
November 16, 2016
This is the IRS general tax calendar, which includes the 2016 due dates that most taxpayers will need to know.
March 14, 2016
The IRS allows both individuals and businesses to file for a tax extension, which gives you more time to file your income tax return. However, the rules and due dates for business tax...
October 28, 2015
The ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field of expertise can give you the freedom to find a work-life balance that is hard to achieve when you are employed by a someone else...
September 4, 2015
Millions of people enjoy having hobbies — whether it’s photography, antiquing, craft making, collecting coins, or breeding horses. It usually costs money to support a hobby, but in some cases, your hobby can also make you money.
August 31, 2015
If you receive tips as part of your job, it’s important to realize that all tips are considered income and are subject to Federal income tax.