Form 1099 is for used to report payments or income that are not from the employer. The primary purpose of these forms is to ensure that all sources of income are reported to the IRS, thereby facilitating accurate tax reporting and compliance.

If you have a bussiness that have totlay payment of 600$ you have to file Form 1099-NEC. Form 1099-NEC plays a crucial role for businesses and self-employed individuals

U.S. citizens, resident aliens, and certain non-resident aliens holding an interest in specified foreign financial assets with an aggregate value exceeding $50,000 at the end of the tax year or $75,000 need to file IRS form 8938. Here are all instriuctions

In Arizona, the income tax rate is 2.5%. Regardless of any other factors, taxpayers in Arizona must pay 2.5% of their previous year's income as tax.

For Alabama residents, understanding the state's income tax structure is crucial for effective financial planning. Alabama's income tax rates depend on different income sources.

Florida is a tax-friendly state with no state income tax. The sales tax rate is 6%, and property taxes are relatively moderate at an effective rate of about 0.71% on owner-occupied homes.

Learn about when are business taxes due 2024 and the deadlines for filing business taxes. Ensure compliance and financial stability by filing your taxes on time

Box 12 on your W-2 form includes codes (A to HH) that provide additional information about your income and its tax implications.

You can check the status of your Michigan state refund online by visiting the official site. If you claim itemized deductions on your federal tax return, Michigan refunds must be reported as income.

Payroll taxes are money taken from workers' pay by their employer and given to the government. This guide explains it all