A 1099 contractor is a freelancer who completes work for your company on an as-needed basis. They aren't full-time employees, so they don't qualify for a salary or benefits. Instead, you pay them based on the a
Find the latest dividend tax rates and policies, from corporate dividends to stocks to ETFs. Learn how and why certain dividends are taxed more than others.
General partners are taxed differently and often more favorably. They typically earn a 2% annual management fee plus 20% of any profits that the fund produces if it meets certain targets. Through a special provision in the law, that 20% is treated not as regular compensation but ascarried int...
you need to make an internal note in your books and file the change with your accountant. Complications can intensify if you trade stocks andcurrenciesbecause equity transactions are taxed differently, making it more difficult to select 988 or 1256 contracts...
LLCs are taxed like one of the 4 existing types of business: Sole Proprietorship, Partnership, C-Corporation, & S-Corporation.
You are not subject to ordinary income tax when you exercise your options, but the spread is taxed when you sell your shares. If you hold the shares for more than one year past the exercise date and more than two years past the original grant date, the sale of the stock becomes a qua...
If you roll over funds from a 401(k) to a traditional IRA, and you roll over the entire amount,you won't have to pay taxes on the rollover. Your money will remain tax-deferred, and you won't be taxed on it until you withdraw money from it permanently. ...
Answer true or false: Employees who are reimbursed under a nonaccountable plan are taxed on the full amount reimbursed. Tax penalties are considered to be additional taxes and are not deductible by taxpayers. a. True b. False The employee is the only stakeholder in the payroll process....
Answer true or false: Employees who are reimbursed under a nonaccountable plan are taxed on the full amount reimbursed. The retained earnings balance of a corporation is part of its paid-in capital. 1. True. 2. False. True or false? The employer records amou...
Restricted stock and RSUs are taxed differently fromother stock options, such as statutory or non-statutoryemployee stock purchase plans (ESPPs). Those plans generally have tax consequences at the date of exercise or sale, whereas restricted stock usually becomes taxable upon the completion of the ...