How Does Income Tax Function?
Know “how income tax works”? You should. Taxes are not something we think about except during tax season. The tax season is a time of great anxiety […]
Category: Taxes
What Constitutes a 1099 Form?
A 1099 is proof that someone other than your manager has given you or paid for cash. The payer completes the 1099 and sends you and […]
What Constitutes FICA?
You may be wondering: What is FICA when you look at your paycheck? FICA is a term that you’ve probably heard in the US. Don’t worry if […]
What Constitutes Capital Gains Tax?
What is capital gain tax? Every year, governments around the world expect citizens to pay tax. These funds play a major role in the support of state operations. The […]
What Income Threshold Requires You to File Taxes?
What is the minimum income to file tax in the United States of America? You may ask this question as soon as you decide to file […]
What Constitutes a VAT Number?
Do you have your vat number handy? Each state and country has a VAT on goods or services. Small or large business are required to pay an […]
Why Was There No Federal Income Tax Withheld from My Paycheck?
In the last two years, a lot has changed. There is no federal income taxes withheld from paychecks. The transition between 2019 and 2020 has been […]
What Are the Consequences of Filing Taxes Late?
You are worried because you haven’t filed your taxes on time. You may be wondering what will happen if you are late with your taxes. It depends […]
Why Choose Married Filing Separately?
Ever wondered why couples file separately when they are married? You may have overlooked some interesting aspects that other people take into consideration in this situation. Selecting […]
Do You Need to Pay Taxes When Selling a House?
Do you know whether you will have to pay tax when you sell a home? It’s not a simple yes or no. There are a few factors […]
