Job and Business

The Latest

  • January 23, 2012

    Taxable income, generally speaking, is the gross income of an individual or corporation, less any allowable tax deductions. Your taxable income is, in other words, the amount of your income that is subject to income tax.

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  • January 16, 2012

    For numerous Americans, the thought of paying income taxes makes their spine tingle. While everyone knows that individual income taxes are paid to the IRS (Internal Revenue Service) each year, the process of taxation itself can be confusing to...

  • January 16, 2012

    First and foremost in determining how to reduce your taxable income is understanding what is considered taxable income and being well versed in what allowable tax deductions are available to you. [See related article “...

  • March 17, 2011

    The IRS identifies businesses by their Employer Identification Number, or EIN. It’s also known as a Federal Tax Identification Number and the majority of businesses need one. Even sole-proprietors, who can file their taxes using their  personal...

  • March 17, 2011

    Filling out a tax payment plan for your business is much the same as filing for one as an individual. Basically, the IRS only cares how much you owe. For once, in the government's eyes, it doesn’t really matter if you’re a business or a person....

  • February 17, 2011
    If you own a business and are worried about tax season, you may want to file for an IRS tax extension. They can help set your mind at ease that you’ll have enough time to finish everything you need to...