How to Fill Out a W-9 (Step-by-Step)
Filling out a W-9 is usually simple if you understand what each field means. This guide explains how to complete Form W-9 correctly, what information to include, and which mistakes to avoid. If you...
Category: Taxation
Form 4868: Application for Automatic Extension of Time to File U.S. Individual Income Tax Return
Filing taxes can be stressful, especially when time runs short. Fortunately, the Internal Revenue Service (IRS) provides a solution for taxpayers who need more time: Form 4868, officially titled Application for Automatic Extension of...
Missed the April 15 Tax Deadline? IRS Penalties and What to Do Next
Missing the April 15 tax filing deadline in the United States is not unusual, but it can lead to additional costs if not addressed quickly. The impact depends on whether you owe taxes, are...
Texas Use Tax: Forms, Rates, and Filing Requirements
Texas use tax applies when taxable goods or services are purchased without Texas sales tax being collected at the time of sale. This commonly happens with out-of-state purchases, online transactions, or items bought from...
Federal Quarterly Taxes 2026: How Freelancers & Self-Employed Workers Calculate and Pay (IRS Form 1040-ES Guide)
Federal quarterly taxes, also known as estimated taxes, are payments made directly to the Internal Revenue Service (IRS) throughout the year. These payments cover income that is not subject to automatic withholding, such as...
Quarterly Taxes California 2026: What Freelancers & Gig Workers Need to Know
Quarterly taxes in California are estimated payments made throughout the year to cover your federal income tax, federal self-employment tax, and California state income tax. If you earn income without automatic withholding, you...
How to Get IRS Tax Records: Copy of Tax Return (Form 4506) vs. Tax Transcripts
When you need access to your IRS tax records, it’s important to understand that there are two different ways to obtain them, depending on what exactly you need. You can request a full copy...
Michigan Sales and Use Tax: Compliance Guide for Businesses and Individuals
Overview Michigan applies a uniform indirect tax system: Sales Tax: 6% Use Tax: 6% Local Sales Taxes: None The absence of local surtaxes makes Michigan one of the more straightforward U.S. jurisdictions for indirect...
Reimbursing Employees for Travel Expenses (2026 Guide + Tax Rules & Examples)
Last updated by a CPA in March 2026. When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car...
Are Employee Reimbursements Taxable? IRS Rules (2026 Guide)
Last updated by a CPA in March 2026. Are Employee Reimbursements Taxable? In most cases, they are not taxable if they are paid under an IRS-compliant accountable plan. However, reimbursements paid under a nonaccountable...
Applicable Federal Rate (AFR) – Explanation and IRS Monthly Updates
What Is the Applicable Federal Rate (AFR)? The Applicable Federal Rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans and other financial transactions between related parties....
IRS Principal Business Activity Codes List (Form 1065 Business Activity Codes -U.S. Return of Partnership Income)
List of Principal Business Activities and codes that classify a company by the type of activity that is needed by the Internal Revenue Code. They are based on the North American Industry Classification System.
IRS CP2100 Notice and B Notice – What It Means and What To Do
If you’ve received a CP 2100 Notice from the IRS, don’t panic — but don’t ignore it either. The notice means the IRS found a name and taxpayer identification number (TIN) mismatch or a...
2025 IRS Withholding Calculator (Tax Withholding Estimator)
Click here to enter the IRS Withholding Calculator. The IRS Withholding Calculator is the official Tax Withholding Estimator. It helps individuals check whether their federal income tax withholding for 2025 is accurate. The United...
Form W-2 Wage and Tax Statement
Form W–2 Wage and Tax Statement Form W-2, Wage and Tax Statement, is one of the most important payroll tax forms in the United States. It reports wages, tips, and other compensation paid to...
Use IRS Online Tools When Claiming One, Big, Beautiful Bill Tax Advantages for Families and Education
The IRS encourages taxpayers to use online tools and simple preparatory steps before filing returns that include benefits from the One, Big, Beautiful Bill. Overview The Internal Revenue Service is encouraging taxpayers to use...
California State and Federal Income Tax Forms (Tax Year 2025)
California taxpayers generally need to file both state and federal income tax returns. Below is a curated list of direct links to official California and U.S. income tax forms for tax year 2025, including...
Maryland Individual Income Tax Forms 2025
Maryland individual income taxes are administered by the Comptroller of Maryland. Below is an updated list of Maryland individual income tax forms for tax year 2025 (filed in 2026), plus official online filing and...
Higher Education Tax Benefits for Tax Year 2025
Federal tax law provides several tax benefits that may reduce the cost of higher education for eligible taxpayers during the 2025 tax year. The Internal Revenue Service summarizes these provisions in its official guidance...
Which Payments are Subject to Backup Withholding?
Backup withholding is a federal tax withholding requirement that may apply to certain “reportable payments” when specific conditions are met. In most cases, backup withholding applies to payments that are reported on Forms 1099...