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Taxes

W-2 Frequently Asked Questions

About Form W-2 Wage and  Tax Statement

Every employer engaged in a trade or business who pays remuneration, in...

Business

Limitations on Pass-Through Losses from S Co...

An S corporation’s tax items generally pass through to shareholders on a pro rata basis and are reportable by S corpora...

Business

S Corporation or LLC

Many business owners structure their companies as S corporations or limited liability companies (LLCs). On the surface there...

Payrolls

Payroll Terms and Acronyms Glossary (Part 1)

Whether you’re a seasoned pro or a newcomer to running payroll, there’s a lot of  terminology you need to kn...

Taxes

What people new to the workforce need to know...

For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusin...

Legal

Claiming a child as a dependent when parents...

Parents who are divorced, separated, never married or live apart and who share custody of a child with an ex-spouse or ex-par...

Business

National small business week

The Internal Revenue Service today urged business taxpayers to begin planning now to take advantage of the enhanced 100% dedu...

Taxes

Child and dependent care credit part 2

Are These Work-Related Expenses?
Child and dependent care expenses must be work related to qualify fo...

Taxes

Child and Dependent Care Credit Part 1

This publication explains the tests you must meet to claim the credit for child and dependent care expenses. It explains how...

Taxes

IRS reminds taxpayers to report gig economy i...

The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations from working in the gig econo...

Taxes

Tips for parents who share custody or alterna...

Some parents who have a legal agreement with their child’s other parent about who claims the child on their taxes may h...

Taxes

Who Qualifies for the Earned Income Tax Credi...

Low- to moderate-income workers with qualifying children may be eligible to claim the Earned Income Tax Credit (EITC) if cert...

Taxes

IRS provides additional updates to Frequently...

 The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit.

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Taxes

Tax Time Guide: American Rescue Plan changes...

The Internal Revenue Service today urged Americans to file a 2021 federal income tax return so they can take advantage of key...

Finance

All third Economic Impact Payments issued

All third Economic Impact Payments issued; Parents of children born in 2021, guardians and other eligible people who did not...

Taxes

Top 5 things to remember when filing income t...

With filing season beginning January 24, the Internal Revenue Service reminded taxpayers about several key items to keep in m...

Taxes

January 31 wage statement deadline reminder f...

The Internal Revenue Service today urged employers to be aware of the January deadline to file Forms W-2 and other wage state...