How to do your taxes ?
Whether you have joined as an employee or started earning as freelancer or self employed business person, paying taxes will be a certainty. Filing taxes is compulsory even if your employer or contractee withholds the taxes on your…
Search Per Diem Rates Countywise
What is per diem?The Per diem allowance is paid by the employer to its employees for lodging, meals, and incidental expenses incurred when travelling. IRS allows Per diem reimbursements while computing business income if the…
What is Backup Withholding ? Who are Exempt from it?
What is backup withholding? is a good and common question for many. It is nothing but the tax deduction at source by the payer off certain kinds of payments. Under the Internal Revenue Code, persons making certain payments…
IRS Verification of Non Filing Letter – 5 Things Every Student Should Know
What is an IRS Verification of Non-filing Letter?An IRS Verification of Non-filing Letter is a proof authenticated by the IRS that the applicant or the person whose name is in the IRS letter, did not file an income tax return in…
Calculator with 2020 Estate Tax Rates
Internal Revenue Code taxes estates and trusts as a person. So every year the government publishes income tax rates for estates or trusts separately. As you know, when an individual dies, his investments in various kinds of properties like…
2290 Tax on Heavy Highway Vehicle Use :6 Things Every Truck Owner Must Know!
What is Form 2290 ?IRS Form 2290 is an IRS form for paying federal tax on the first use of a taxable highway motor vehicle on a public highway. The vehicle must be more than 55,000 pound should be registered beginning on July 1,…
