Taxes

Read up on personal and business taxes along with how you can take advantage of little-known tips for tax savings.

How Are Incentive Stock Options Taxed?

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…

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Sum of the Years Digits: A Depreciation Guide

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…

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Double Declining Balance Method: A Depreciation Guide

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

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How to Get an EIN Number

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…

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How Far Back Can a Business Be Audited by 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…

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How to Track Your State Refund Status

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…

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Claiming the Per Diem Deduction: Best Practices for Your Business

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

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What Is an Employee Stock Purchase Plan?

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,…

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Green Energy Credits for Business

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

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What Happens If You Miss the Tax Deadline? Penalties for Late Filing

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…

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