Tax Articles

Amending Tax Returns

See your Cardholder Agreement for details on all ATM fees. Supporting Identification Documents must be original or copies certified by the issuing agency.... Read more

What Is Self Employment Tax? 2021

If you are self-employed and also an employee of someone else, both incomes are included to determine the total amount of Social Security and Medicare tax you must pay. Line balance must be paid down to zero by February 15 each. Read more

10 Key Tips For Filing Your Tax Return

Department of Labor shows state requirements for paying tipped employees minimum wages. Employees are required to keep a daily tip record and report these tips to their employer ($20 or over a month) on a regular basis. The IRS suggests reporting. Read more

Explanation Of Certain Schedule C Expenses

Installment sale gain reported on form FTB 3805E, Installment Sale Income. 1001, if you received interest income from the items listed above passed through to you from S corporations, trusts, partnerships, or LLCs.To determine the portion of income o... Read more