Tax Articles

Pay By Debit Or Credit Card When You E

Clearly, if your credit card offers two percent cash back on purchases, you're not going to make much money. “You'd barely be coming out ahead,” says Ted Rossman, industry analyst at creditcards.com. On a $10,000 tax bill, you'd get $200 ... Read more

How Much Does A Small Business Pay In Taxes?

Employees have this deducted from their paychecks, but as a sole proprietor, it is up to you to make these contributions while paying your income taxes. You will report your self-employment taxes on a Schedule SE which is submitted along with. Read more

Definition Of Form 941

The IRS released final instructions for Form 941 (Employer’s Quarterly Federal Tax Return), Schedule B , and Schedule R . The second quarter Form 941 and its schedules, when applicable, are due July 31 .Next, you’ll start completing Part ... Read more

Deducting Commuting Expenses With A Home Office

The IRS allows you to deduct daily travel costs of this long-distance commute. It’s important to note that many companies offer reimbursements to employees directly for mileage expenses; therefore, those employees cannot deduct business mileage... Read more

These Tax Credits Could Boost Refunds For Low

Furthermore, if you have a dependent care flexible spending account through your employer, you can't use the money you set aside in that account and the Child and Dependent Care Credit toward the same expenses. But with the high cost of. Read more