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Although it operates as a corporation, the business is not subject to double taxation since it is the shareholders, and not the corporation, who pay federal income tax on the business profits. Nonetheless, the S corporation has to still file an annual corporate tax return. Becoming an S ...
August 8, 2024CA VineetaIncome Tax News and Articles, Taxes in India 15 Minutes Read What is the Income Tax Return (ITR) 1 Form?ITR 1 Form is filed by the taxpayers and the individuals being a Resident (other than Not Ordinarily Resident) having Total Income up to INR 50 lakhs, ...
Free CA Software Latest Tax Updates ITR Filing GSTR Filing Due Dates Tax Software How to Quick File GSTR-4 Annual Return via Gen GST SoftwareSeptember 9, 2024Ribhu SharmaGST India, Informative GST Articles 7 Minutes Read The taxpayers who have opted for the composition scheme under the...
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Did you know that you can use Taxumo to automatically calculate your tax dues already? No need for you to compute manually. Sign up for FREE here to learn how. Click here Deadlines for filing BIR Form 1701, 1701A and 1700 The BIR requires that your Annual Income Tax Return must be fi...
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Problem: The State of California—not eFile.com—rejected your California Income Tax Return because the Social Security Number (SSN) of the primary or spouse has been used on an accepted CA tax return. Solution: Sign into your eFile.com account and check all your SSN entries. If you don'...
With DIY tax prep software, it is always wise to note the cost of your state return and e-File as it may actually cost more than your federal return (especially if you wait until April to file). As such, you may wish to do your state return separately. Based on their current, regul...