Whether you just started a small business or have had a large corporation for years, understanding what taxes you may owe is a crucial component. While the type of business you operate determines what taxes you owe and
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Have you discovered a mistake on your tax return after you’ve already filed? If so, don’t panic. In most cases, all you have to do is file an amended tax return. How do I know if I need
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If you owe taxes this year and can’t pay in full, the IRS offers both short-term and long-term payment plans. You may qualify to apply online if: AS AN INDIVIDUAL Long-term payment plan (installment agreement): You owe $50,000
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If your contributions to charity begin and end with check writing, you may be missing out on some tax deductions. Getting There and Back You may deduct the costs of going to and from a location where you
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The IRS issued safe harbor guidance on the new credit for qualified commercial clean vehicles under the Inflation Reduction Act of 2022 (2022 Inflation Act). The safe harbor provides the incremental cost of certain qualified commercial clean vehicles
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The structure you choose for your business will affect how your business is taxed and the degree to which you can be held personally liable. Here is a brief overview of the various structures: Sole Proprietorship This is
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