U.S. citizens pay federal income taxes to the Internal Revenue Service (IRS), a branch of the United States Treasury. In addition, many states have an additional state income tax. If your state does not charge an income tax, you may still be required to pay other types of taxes. This ...
Whether you drive for Lyft full-time or part-time, you’re now enjoying the pay, perks, and prerogatives of being self-employed—from setting your own hours to building customer relations. With the onset of tax season, you face a new business challenge:
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...
Returns are a fact of life in the age ofe-commerce. While offering free returns has cost implications for your business, many customers will only shop from retailers who operate a free returns policy. It’s a dilemma you have to weigh up and make a decision about. Whatever you decide, s...
It will provide a single point for all indirect tax-related compliances. Having GSTIN ensures businesses can operate in interstate sales without restrictions, improving the potential market for small and medium-sized businesses. Anyone with a GSTIN can take input credit on purchases and input servi...
How do REITs Work? This whiteboard video provides insight into what REITs are and how they work. Watch the video to learn more about the rules that govern REITs and how they operate.
Where to turn An Internet search may reveal some local charities that will accept your donation, along with some vehicle donation program providers that operate nationwide, including these organizations: Car Donation Foundation partners with the Make-A-Wish Foundation, various veterans’ charities like ...
While a life settlement broker may charge a fee, they can often help you get the best possible offer by finding the highest bidder. Brokers typically operate in an auction-style environment, where they seek out multiple buyers and negotiate on your behalf. Their commission is often tied to th...
Tax is the amount of money imposed by the government to the people within its jurisdiction. The money is used for the funding of all government projects. Every taxpayer has to file their tax returns annually to show their obligation to their payment of tax....
The other main type of REIT is a mortgage REIT. These REITs make loans secured by real estate, but they do not generally own or operate real estate. Mortgage REITs require special analysis. They are finance companies that use several hedging instruments to manage their interest rate exposure. ...