Below are the key due dates you need to know for your 2020 tax filings. If you are looking for help with this, check out these tips to find the best expat tax accountantfor your situation. And fret not, even negative. Read more
The website mentions that the COVID-19 pandemic continues to delay some of its services, such as its ability to offer phone support and process paper tax returns. In 2020, the maximum credit for someone with no qualifying children is $538, and. Read more
An individual who receives $51,441.50 net salary after taxes is paid $65,000.00 salary per year after deducting State Tax, Federal Tax, Medicare and Social Security. Let's look at how to calculate the payroll deductions in the US.Rather, the tax brac... Read more
An independent contractor is a person or entity engaged in a work performance agreement with another entity as a non-employee. "Here’s what taxpayers should do if they have missing or incorrect documents." Accessed June 27, 2021. Usually, anyon... Read more
You can use the standard meal allowance to figure your meal expenses when you travel in connection with investment and other income-producing property. You can also use it to figure your meal expenses when you travel for qualifying educational purpos... Read more
So your taxable income will typically be reduced by the amount of student loan interest you paid in a tax year, or $2,500, whichever is less. You can deduct up to $2,500 in student loan interest payments from your taxable income. Read more
When you earn on Patreon, we only receive a small percentage, along with a standard rate for processing payments from your customers. There are many reasons why you should consider registering as an LLC even though you do not have to. Read more
However, the deduction has been amended, according to the Consolidated Appropriations Act , 2021, H.R. 133, Temporary allowance of a full deduction for business meals. The bill temporarily allows a 100% business expense deduction for meals (rather th... Read more
If you are registered with Iowa as an Iowa withholding agent and withheld Iowa tax, you need to file the VSP. If you have identified any errors on your previously filed Form 1099, you have to correct them and submit a. Read more
In January 2019, Paul Lamb, a calendar year taxpayer, bought and placed in service section 179 property costing $10,000. The property is 3-year property and is depreciated under the Modified Accelerated Cost Recovery System and a half-year convention... Read more
