Financial Planning
Get legal advice on how to take control of your personal or business finances, whether you're tackling student loans, medical bills, taxes, or bankruptcy.
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How Long Do I Need to Keep Business Tax Records?
Discarding tax records too early could cause significant liability for your business.
· 3 min read
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Advantages of Using Online Tax Services
Online tax services can save you time and money.
· 3 min read
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Understanding Sales Tax Nexus for Small Businesses
Sales tax nexus laws vary by state and establish which businesses must collect and remit sales tax to a state.
· 3 min read
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1099 NEC vs. 1099 MISC
You may have noticed that independent contractor payments are now reported on the tax form 1099-NEC rather than the 1099-MISC. What prompted this change? Here's everything you need to know about this new informational IRS form.
· 3 min read
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What Is a Schedule C Tax Form?
Sole proprietors use Schedule C to report their business income and expenses.
· 3 min read
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Tips for Work from Home Tax Deductions
Working from home comes with various benefits, such as no commute and a casual dress code. It can also offer potentially valuable tax deductions for people who qualify.
· 4 min read
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W2 vs. 1099-NEC: Which Does My Business Have to Issue?
Should you file W2s for employees or 1099-NEC forms for independent contractors? You might need to file both.
· 3 min read
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What Is the Self-Employed Health Insurance Deduction?
The self-employed health insurance deduction can help offset some of the costs of paying out-of-pocket for health care coverage. Find out who can take the deduction, what it includes, and how to claim it.
· 3 min read
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State Tax Apportionment
Apportionment divides business income subject to state corporate income or other business taxes to jurisdictions based on formulas to determine taxes due in each state. Incorrect apportionment can result in incorrect payments and state tax audits.
· 4 min read
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What Is a Tax Amendment?
Did you make a mistake on your previously filed tax return? You can correct mistakes by filing Amended U.S. Individual Income Tax Return (Form 1040-X).
· 3 min read
