There are a lot of nuances when it comes to filing taxes, so here are a few things to keep in mind when deducting your donations: Ensure that you are donating to a qualified charitable organization. You must file Form 1040 and itemize deductions on Schedule A. If you receive any benefit...
UCITS ETFs have lower US withholding taxes on dividends (15% instead of 30%) for “non-resident aliens” (e.g, non-US citizens living outside the US) than ETFs listed in the US, but have the same holdings. Commission-free trading platforms like TDAmeritrade and Schwab don’t seem to ...
Direct Fileis a free IRS program for filing a federal tax return online. For tax year 2024 (filing in 2025), Direct File is open to eligible taxpayers in 25 states: Alaska, Arizona, California, Connecticut, Florida, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampsh...
While there are different flavors of legal structures, choosing which one will best serve your needs is based on multiple factors, such as how much personal liability you want to have, taxes and business registration requirements. For example, a sole proprietorship is the easiest to file, but ...
While there are different flavors of legal structures, choosing which one will best serve your needs is based on multiple factors, such as how much personal liability you want to have, taxes and business registration requirements. For example, a sole proprietorship is the easiest to file, but ...
On the positive side of the ledger, if you live and work in one of 25 states, there’s now a new way to figure out your taxes: via the IRS’s own Direct File program. We’ll get to that in a moment. To begin with, the IRS offers a series of directions on its website to he...
A corporation or LLC business structure will have additional obligations, including filing annual reports. However, corporations can file in calendar years or fiscal years. Filing your taxes as a small business owner can be easy with the right support. You’ll want to get as much for each dedu...
If your business is based in the US, you may be liable for sales taxes in the state where your store is based. Before you can turn on sales tax collection in Shopify, you mustregister with your state first. If you are unsure if you need to collect sales tax in your state, please ...
It affects not just your taxes and liability but also how you make decisions, who has control, and how you can raise money. Are you going solo as a sole proprietor or forming an LLC? Think about who will be making key decisions and how roles are divided among your team members. This ...
How to File a Claim Your Money Decisions Advice on credit, loans, budgeting, taxes, retirement and other money matters. You May Also Like Prepare Your Finances for a Layoff Reviewing your budget, building emergency savings and paying down debt are strategies you can use. Maryalene LaPonsieFeb...