technology insights
How to claim Stimulus money on your tax return?
If the IRS owes you money from the first two stimulus checks, you can get it by filing a recovery Rebate Credit. The IRS has now sent out more than 161 mi...
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Technology Insights
technology insights
Is a public charity the same as a 501 c 3?
Most Section 501(c)(3) organizations are public charities. They have a much broader base of financial support than private foundations and have more inter...
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technology insights
How does having an EIN affect taxes?
When you take on a client, you’ll have to provide either a Social Security number or EIN to them, so they can furnish you a 1099 tax form. Having an EIN a...
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technology insights
When do you have to pay the IRS for 2019?
“We encourage people to check their withholding again this year to make sure they have the right amount of tax withheld for 2019.” The IRS urges people wi...
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What W-2 do I need for 2018?
But in order to submit your tax return, you first need a W-2 form, or Wage and Tax statement, from every employer you had during 2018. If you’re a freelan...
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Do I have to pay taxes on money my mother gave me?
The person who makes the gift files the gift tax return, if necessary, and pays any tax. If someone gives you more than the annual gift tax exclusion amou...
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What is the cost basis for selling a second home?
The cost basis is the amount you spent to buy and improve your second home, including the purchase price, any acquisition fees, and the cost of any capita...
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What does an independent contractor need to fill out?
Form W-9. The IRS requires contractors to fill out a Form W-9, request for Taxpayer Identification Number and Certification, which you should keep on file...
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Where do I mail my Illinois 2019 tax return?
Individual Income Tax Addresses Area Address IL-1040, Illinois Individual Income Tax Return Without Payment PO BOX 19041 SPRINGFIELD IL 62794-9041 With Pa...
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Can foreigners form LLC in the US?
Anyone can form a Limited Liability Company (LLC) in the USA; you do not need to be a US citizen, or a US company. Foreign citizens and foreign companies ...
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