Tax Forms

LLCs have different commercial structures and specific tax-filing procedures depending on the type of management that was chosen during the company's creation.

Payroll taxes are added to the employees' wages, tips, and salaries. These taxes include federal, state, and local taxes, as well as taxes for Social Security and Medicare (FICA taxes).

A tax refund is a tax credit that the taxpayer gets in certain cases, namely when the amount on their taxes is lower than the amount that's been withheld on their tax year expenses.

The Internal Revenue Service (IRS) notifies citizens about the beginning of the new tax season around the second week of January. Nevertheless, getting a head start on your tax planning can help you in many ways.

Each person has the obligation of filing their taxes on time, regardless of their residency status inside the U.S. When you don't declare your taxes on time, the resulting penalties could cause many troubles down the line.

Some taxpayers make mistakes or omissions while listing their information, and, as a result, the payments don't match the taxpayer's income. In these cases, people have their money or property confiscated after they fail to pay their taxes.

If you wish to stay up to date with your tax obligations, with or without a residency status, a Social Security Number (SSN), or an individual taxpayer identification number (ITIN), you need the help of a professional tax preparer.

Many ask this question and the answer is a bit complicated to understand, the important thing is to know that every citizen, resident or not, must file their tax return.

The 2022 tax season is less than 60 days away, and the Internal Revenue Service (IRS) already started encouraging taxpayers to avoid trouble and make preparations for their annual tax return.

Form W2 lists all income from wages or payments that a person receives under a company's employment or after providing a particular service, along with the taxes that are withheld from said income.