 Introduction Social Security benefits may be taxable depending on your total income and filing status. Up to 85% of benefits can be subject to federal income tax if income...
 Introduction Individual Retirement Accounts (IRAs) allow individuals to save for retirement with tax benefits. However, when funds are withdrawn, different tax rules apply based on account type (Traditional or...
Introduction Dividends are payments made by corporations to shareholders as a return on investment. The IRS categorizes dividends into ordinary dividends and qualified dividends, which are taxed at different...
Introduction If you hire a nanny, housekeeper, caregiver, or gardener, you may be responsible for household employment taxes. These taxes ensure compliance with Social Security, Medicare, and unemployment tax...
Introduction Employers are required by the IRS to issue Form W-2 (Wage and Tax Statement) to employees by January 31 each year. However, some employees may not receive their...
Are you a property owner in California? Do you know about the Nexus tax rules that may impact your investment? In this blog post, we will break down everything...
Setting Sail: The Basics of the Nexus 25% Tax Rule Imagine you’re captaining a ship through California’s vast economic waters. The Nexus 25% Tax Rule is your chart, guiding...
Introduction The Head of Household (HOH) filing status provides tax benefits for unmarried individuals who support a dependent and pay the majority of household expenses. Filing as HOH allows...
Introduction To enhance financial transparency and combat illicit activities, the United States has enforced strict reporting requirements under the Corporate Transparency Act (CTA). This act mandates that certain entities...