Reading Time: 8 minutes Welcome to our tax blog, where we delve deep into the intricacies of the United States tax system. In this article, we will demystify one particular aspect of taxation: excise tax. Often overlooked amidst discussions of income and property taxes, the excise tax is an essential component of the US tax framework. Join us as […]
Reading Time: 9 minutes With numerous forms and regulations to understand, it’s easy to get lost in the intricate web of taxation. In this article, we delve into the often-overlooked Tax Form 843, focusing on its purpose, eligibility criteria, and the steps required to claim refunds or request abatements. Whether you’re an individual taxpayer seeking a refund or a
Tax Form 843: Guide To Claiming Refunds And Abatements Read More »
Reading Time: 7 minutes Taxes are integral to our society, fueling public infrastructure, healthcare, and social welfare programs. One type of tax that directly impacts both employers and employees is the payroll tax. Payroll taxes play a vital role in funding government initiatives and social security systems. In this article, we will delve into the intricacies of payroll tax,
Reading Time: 6 minutes The internet has changed the way we live, work, and communicate. We can access information, buy goods and services, connect with people worldwide, and even run our businesses with just a few clicks. However, as the internet has grown, so have concerns about how it should be taxed. This is where the concept of Internet
Internet Tax Freedom: What it is and why it matters Read More »
Reading Time: 7 minutes As a financial blogger, I know that taxes can be one of the most challenging aspects of running a business or working as an independent contractor. It can be challenging to navigate the complexities of the tax system, especially when it comes to international tax requirements. One form that many people may not be familiar
Navigating the IRS Form 6166 Application Process Read More »
Reading Time: 8 minutes Whether self-employed or freelance, it’s important to keep track of your taxes, including filing required paperwork on time. This is more than true, especially when it comes to IRS quarterly tax forms. We dive into the world of IRS quarterly tax forms, what they are, why they are important, and how they can be filed
How to Avoid IRS Penalties: A Guide to Filing Quarterly Tax Forms Read More »
Reading Time: 7 minutes As the world changes, so do the tax codes that govern our finances. The tax code for 2022-2023 is no exception. This new tax code brings many changes, some of which will affect you directly. In this article, we will examine some of the most significant changes to the tax code for 2022-2023. 1. Higher
Reading Time: 7 minutes Taxes can be tricky and complicated, and it’s common to encounter tax problems. Whether you owe money to the IRS, are dealing with a tax audit, or have other tax-related issues, it’s essential to know how to solve tax problems. Here are some tips and strategies to help you navigate through tax problems and come
Reading Time: 9 minutes The world of international taxation is about to experience a major shift. After years of debate, the Organisation for Economic Co-operation and Development (OECD) announced in July 2021 that 130 countries agreed on a global minimum tax rate framework. This is a significant milestone, as it represents a united effort to prevent multinational corporations from
Reading Time: 8 minutes One of the most common questions we get is, “What income is taxed, and how?” It’s a great question and one that has a lot of nuance to it. So, in this article, we’ll break down the types of income that are taxable and provide an overview of how the tax process works. First things
Reading Time: 6 minutes As a tax professional, I have seen many people and companies deal with tax issues ranging from simple mistakes to more complex issues that require professional help. In this article, I will discuss the most common tax problems and give recommendations on how to solve them. Filing late or not at all One of the
The most common tax problems and recommendations for their solution Read More »
Reading Time: 7 minutes One of the more significant changes that have been implemented in recent years is the introduction of the combined sales and use of the tax return form. In this article, we will take a closer look at what this form is, why it was introduced, and how it affects businesses in the state of New
Reading Time: 4 minutes Taxpayers in Canada Taxpayers in Canada are residents, as well as other individuals who work and have income there. The important thing is that the status of a tax resident can be determined individually. The stay of a person in a country for 183 days makes the person a resident of that country for that
Reading Time: 7 minutes Taxes are the main guarantee of the existence of the state, respectively, the history of the creation of taxation is directly related to the history of the existence of states. True, it is necessary to distinguish such phenomena as tribute and dues from taxation – the first two appeared even before states and more often
The history of the creation of taxation in the world Read More »
Reading Time: 7 minutes In the modern world, the tax system of any country is the most important link in not only the financial system of the state, an integral part of which it is, but also the general system of economic regulation. The principle of building tax systems is used as an effective tool for implementing the financial
Reading Time: 6 minutes The procedure for collecting tax system, fees, duties and other obligatory payments from a citizen established in a certain territory is one of the oldest signs of the existence of a state. In the modern world, such payers are individuals or legal entities who are required by law to pay taxes. The tax system is
