Let's explain. When you receive a distribution from a security, it's categorized as a qualified or non-qualified dividend, return of capital, or a long- or short-term capital gain distribution, just to name a fe
Welcome to our comprehensive guide on how to report 1099-Q on your tax return. If you’ve received a Form 1099-Q, you may be wondering what it is and how it affects your tax filing. Well, you’ve come to the right place! In this article, we will explain what Form 1099-Q is, d...
Thethreshold will drop even lower to $2,500 in tax year 2025and finally to $600 in 2026. Because of these big changes, more people will receive Form 1099-K in the coming years. TaxAct’s goal is to help eliminate any confusion arising from these changes and ease your mind so you’re...
Include information on the forms they need to complete to get their withholding amounts correct and how wage garnishments work. Voluntary payroll deductions If you offer your employees health insurance or retirement plans, explain the costs and how they can participate. Also provide information on ...
How To Calculate Payroll Taxes Now that you understand the different types of taxes required to be paid, we’ll explain how to calculate payroll taxes manually. Step 1: Gather All Required Employee Documents Before you can start calculating payroll taxes for your employees, you’ll need to obta...
This can help explain the significant difference in how the market values these companies. For instance, JinkoSolar generated $3.6 billion in sales over the past 12 months, fully 50% more than First Solar. Yet First Solar is worth $4.8 billion, making it 10 times more valuable than the big...
For additional support, turn to TurboTax's Where's My Refund tracking tool. It's built to help you pinpoint the status of your refund and navigate common causes for delays. These articles explain in more detail what may cause a delay: Where's My Refund? Top 5 Reasons It...
Keep in mind the terms of your offer could change depending on the documents you provide. Ask the lender to explain any changes to your interest rate or loan amount after your initial application. 7. Accept the loan and start making payments ...
you’ll need to decide who will be the “responsible party” for your business, which is the person listed on the EIN application as the main point of contact with the United States Internal Revenue Service (IRS). Below, we’ll explain how to file for an EIN and how to avoid common ...
4. Prepare to explain your businessDepending on the nature of your work, you might need to provide your lender with additional details about your business, such as:Description of the services you provide and your experience, including certifications Your professional website Data showing the health...