Taxes

If you receive a stock option from your employer, the type of stock option determines the timing of income you must report for tax purposes. The…

How do you calculate the sum of the years' digits method of depreciation? What are the pros and cons of sum of the years' digits versus straight line…

How do you calculate the double-declining balance method of depreciation? What are the pros and cons of using the double-declining balance method?…

An EIN is a number assigned by the IRS to track your business tax account. For certain independent contractors and small business owners, the IRS…

Everybody dreads an IRS audit. Generally, you can stop worrying about an audit after three years, but sometimes the IRS can audit up to six years…

How do I track my state tax refund status? Each state governs their own refund, so you will need to go to your state's tax authority website. Find…

Tracking, documenting, and reimbursing employees for their business travel expenses can be a pain. One way to simplify the process is by setting per…

An employee stock purchase plan, or ESPP, is a program that allows employees to use after-tax payroll deductions to buy their employer's stock,…

If your business invests in solar energy property, fuel cells, small wind turbines, you may qualify for federal renewable energy tax credits.…

If you miss the tax filing deadline, you will be subject to failure-to-file penalties. To avoid this, you should file an extension prior to the…