EFTPS or Electronic Federal Tax Payment System offers an easy way for federal tax payments electronically 24 hours a day and 7 days a week. EFTPS allows payments by transfer of funds the taxpayer’s bank account to the federal government’s account. The good point is that IRS records for the taxpayer is automatically updated. This …
The Internal Revenue Service issued Notice 2019-55 which elaborates new per diem rates 2019 effective from Oct. 1, 2019. These per diem rates are used for calculation of deductible business travel expense like lodging, meals and incidental expenses. Travel expenses are among the most common business expense deductions and also most litigation prone . The …
Read moreIRS Issues Per Diem Rates 2019 for deductible business travel expenses
What is a 1099s form ? 1099 type forms are primarily used for collecting information about payments for various services by various organizations. The reports submitted by the payers to the U.S. Internal Revenue Service (IRS)– as well as additionally with some state tax obligation divisions. A duplicate copy of the information in the prescribed …
The simplest way to save money is to pay less tax and also earn federal tax exempt income. Then, one method of saving on tax to start living in states with no income tax. But , even better is a State where you do not need to pay either income tax or sales tax. Is …
Read more9 States no income tax , 5 States with No Sales Tax!
