TAX DUE with Black lady with shocked face What to Bring to Tax Appointment

What Does Federal Tax Due Mean? Don’t file without knowing this.

Did you get that infamous statement: Federal Tax due now?

When April 15th comes around, you can feel a tinge of anxiety in the air. That’s because there are tens of millions of people who will owe money to the IRS. Now, this is the funny thing about the Internal Revenue Service – they tend to be pretty persistent about wanting their money.

So, you really need to know what the term “Federal Tax Due” means. Knowing this term can keep you in the good graces of the IRS for at least the next 12 months.

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Waitress taking orders

What is PIF Tax and How Does it Affect You?

While you’re out enjoying yourself around town, you may have noticed a “PIF Tax Fee” on your receipt.

PIF stands for Public Improvement Fee and believe it or not, it’s not a tax. PIF is a fee that is paid directly to the owner of the land or developer of a property and it’s not collected by the government like most people assume it is.

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YouTuber Vlogging thinking about taxes while filming

YouTube and Taxes: How to Conquer Tax Season Like a Pro!

Are you confused about how YouTube and taxes work?

Vlogging or video blogging has taken off more than the written blog today. Millions of vloggers or Youtubers make a living or at least supplement their income making videos.

Thinking outside the box is one of the best, and for some, the only way to make money during these trying times.

If this sounds like you – congratulations. You’ve found a way to make money and probably help others (videos are so helpful). But before you go spending that cold, hard cash, understand YouTube taxes and how to pay them.

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Etsy Taxes and Filing Tips

Your Ultimate Guide to Etsy Taxes and Tips for Shop Owners

Are you so confused with trying to understand taxes with your Etsy business?

If so, did you know that as an Etsy Shop Owner, you can write-off some of the common items you use to make your web empire awesome?

Thanks to the evolution and growth of technology, you are able to turn your passions into a revenue generating business.

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Small business owners happy to be registering for IRS form 2553 on computer

IRS Form 2553: How to Register as an S-Corporation for Your Business

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.

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