Independent contractors and others who receive income from sources other than an employer can expect to receive a 1099 instead of a W-2. So, what is a 1099, and how do you use it to file your taxes? Here's everything you need to know about Form 1099, inc
Form 1099-G is used to report government payments like unemployment compensation and state or local income tax refunds. Learn what details are included on the form, when you should expect to receive it, and how to report this income on your tax return.
Tax Day 2025 falls on Monday, April 15. This is the day when your taxes are due for the 2024 tax year. It's important to file your return or request an extension by this date to avoid any penalties. Make sure you mark your calendar for the tax deadline 2025 to ensure you meet the...
The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in the year that it was paid. Jessica WalrackFeb. 26, 2025 Didn’t Pay Estimated Taxes? Do This If you haven't paid your quarterly taxes throughout the year, a...
The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in the year that it was paid. Jessica WalrackFeb. 26, 2025 Didn’t Pay Estimated Taxes? Do This If you haven't paid your quarterly taxes throughout the year, address the...
When you include the incorrect code, there might be a risk of unintended duties and taxes, higher restrictions on importing, or in the worst-case scenario, rejection of entry into the destination country. While it is not necessary to indicate your product’s HS code in any of the documents...
What is No Drug Tax Stamp in Wagoner? [by-line] All states find ways to raise revenue. One of the ways they do so is charging a tax on various items that come into the state for consumption and sale. Oklahoma is a state that raises tax revenue through a tax on controlled dangerous ...
Married persons filing separately can each get a $5,000 deduction, but both must agree to use the same method for deducting sales taxes.Keep in mind that the $10,000 cap on the SALT deduction is set to expire after 2025, and Congress may act to renew, eliminate or increase it at any...
Filing status is a category that defines the type of tax return form a taxpayer must use when filing their taxes. Filing status is tied to marital status.
Taxes, Interest, Wages, and Bonuses Taxes, interest, wages, and bonuses also tend to be paid later. A company could pay interest on a bond it issued semiannually, pay taxes on money earned months ago, and pay wages and bonuses after work has been done. In accrual accounting, these accru...