The IRS needs a current address to send you any refunds and correspondence. It can take up to 6 weeks to process a change of address. Most people use IRS Form 8822 to change their address, but there are a couple of other methods too.
If you move after you file your taxes, you’ll need to complete the IRS form. If you move before you file your taxes, your new tax returns will reflect the new address, but you must take other precautions too.
One of the most common questions I’m frequently asked is, “should I do my own taxes this year?”
It’s a new tax season and many of you all will be receiving your W-2s soon. The next step is to choose how you want to file your taxes this year.
Should you use a tax software or hire a tax pro?
If you registered your business as a corporation, the IRS automatically makes you a C-corp. This has many tax disadvantages, making it hard for small businesses to remain profitable. Fortunately, businesses can file IRS Form 2553 and choose to be an S corporation instead.
The largest benefit of filing as an S-corp is the tax savings. The shareholders bear the burden of the corporation’s net income, paying taxes at their personal tax rate rather than the corporate tax rate, which is 21% plus the personal tax rate of any earnings.
Is tithing tax deductible may be one of the most important tax questions that you will ever have to answer. In the Bible, tithing is a ten percent portion of your income, paid to God.
Taxes are a tricky situation, even more so when it comes to religious activities such as tithing. In short, tithing is when you give to the church. However, a question to consider, is tithing a tax-deductible transaction?
Now, morals or if deducting a tithe is right or wrong set aside, we are here to examine the facts.
Do you know what expenses are tax deductible for Bloggers?
Did you know that as a Blogger, you can write-off some of the common items you use to make your web empire awesome?
As a Blogger and Online Influencer, you have now etched your space into the digital world loud and strong.
You have sacrificed sleep and your social life to get that time sensitive post out for your followers.
I understand this burden and I am here to help you steer through the world of taxes, especially the tax issues that affect you as a Blogger, Vlogger, or Online Influencer.