Overview of the New 1099-K Reporting Form
Internet technology has provided a host of new opportunities for enterprising individuals to make more money. Indeed, the number of people making money online from selling items on venues such as eBay and Craigslist is on the rise.
On top of that, many others use third-party payment processors to help them conduct […]
Could Raising Taxes Hurt Only 2-3% of Small Businesses?
As small business owners continue to struggle alongside consumers through this economic recovery, many are concerned about proposed tax changes.
President Obama has proposed several changes which impact high-income families. The theory is that those who earn more money should carry a higher tax burden […]
Who Isn’t Paying Federal Taxes?
While taxes are supposedly a part of life for all Americans, how is it possible that in 2009 almost half of all households paid no federal income tax? The Tax Policy Center released that an astounding 47% of Americans did not pay this year and even though this percentage […]
Tax Facts – Fun and Interesting Details About Taxation
Chances are you are far more familiar with taxes than you would ever like to be. So this year before sweating over tax returns, check out these fun tax facts and history that just might ease your pain.
A little history…
- It turns out we have England to blame for the invention of the income tax. The […]
Some of the Most Common Tax Mistakes
For many taxpayers, getting in hot water with the IRS is not always the result of evasive tax maneuvers or fraudulent acts. In fact, for the vast majority of citizens, avoiding trouble with the IRS is fairly high on their list of priorities. Despite this fact there are still plenty of people who […]