What day in January can you file taxes 2021?
January 15. Taxpayers can begin filing returns through Free File partners; tax returns will be transmitted to the IRS starting Feb. 12. Tax software compa...
Category: General
What happens to your retirement if you leave teaching?
When a teacher retires, he or she receives a regular payment (an annuity) for life, with the amount determined by a formula, usually based on years of tea...
Can you have a solo 401k with an LLC?
You must make the Solo 401k contributions for your sole proprietorship by the time you file your business tax return. A single-member LLC is a disregarded...
What to do when you receive a collection notice?
Take a moment and review the information on the collection notice carefully to determine whether you owe it. If you do owe it, work with the collection ag...
Do you have to file a 1099 for a LLC?
An LLC that is taxed as a corporation files different forms that replace the use of Form 1099-MISC. However, if an it is taxed as a partnership, the IRS r...
How much does having a child increase your tax return?
For 2020, a new baby also delivers a tax credit of up $2,000, even if the child was born late in the year. Unlike a deduction that reduces the amount of i...
Can tax ID and SSN be the same?
The IRS requires all taxpayers — both businesses and individuals — include a tax ID number (TIN) on tax documents. If you’re paying personal taxes, your f...
Who pays local income tax in PA?
Employers with worksites located in Pennsylvania are required to withhold and remit the local Earned Income Tax (EIT) and Local Services Tax (LST) on beha...
Is AFLAC deduction pre-tax?
Not only do you enhance your benefits package by offering your employees Aflac insurance policies on a pre-tax basis, but you actually save money too. Ext...
Am I employed working for Uber?
The judgment has wider implications for the gig economy, as people who work on these platforms are considered as self employed and employers do not have t...
