What is A (Tax) Relief! COVID-19 Tax relief Updates

COVID-19 Tax relief Updates: Any tax relief or policy initiative designed to reduce taxes paid by individuals and companies is a government program or policy initiative. This may be a compulsory tax cut or a incentive plan that promotes or supports a specific policy...

How to Calculate Estimated Taxes and pay them

The estimated tax payments is an intermittent development pre-payment of expected taxes due depending on the measure of income. That is earned and the measure of estimated tax obligation that will have been acquired subsequently. Estimated taxes are surveyed on income...

IRS form-1120s: Who can file and How to file ?

IRS Form 1120S is the tax return for S corporations. The irs form-1120s is applied to report the income, gains, losses, deductions, and credits of your S corporation. Unlike C corp registration, S corporations do not pay corporate income taxes. Alternatively, taxes...

Independent Contractor Tax Guide For You

You likely get paid as a Tax Guide independent contractor rather than an employee if you’re self-employed or a freelancer. The IRS defines an “independent contractor” as someone who does work for someone else but controlling the way in which the work is done. In...