2020 California Withholding Tables
Wage bracket method In California, there are two methods for determining the amount to be withheld from wages and salaries for state personal income tax. Method A – Wage Bracket Table Method (PDF) Low...
Accounting Portal Articles
Handbook for Employers
Instructions for Completing Form I-9 (Employment Eligibility Verification Form) You must complete Form I-9 each time you hire any person to perform labor or services in the United States in return for wages or...
2020 Allowable Living Expenses Transportation Standards
2020 Allowable Living Expenses Transportation Standards The transportation standards for taxpayers with a vehicle consist of two parts: nationwide figures for monthly loan or lease payments referred to as ownership costs, and additional amounts...
Chapter 7 Means Test Explanations
Following is a line-by-line summary of Form 22A and various recurring disposable income issues likely to arise in chapter 7 under the BAPCPA provisions of 11 U.S.C. § 707(b). Line 1B, Declaration of...
Census Bureau Median Family Income By Family Size
For Cases Filed On or After May 1, 2020 The following table provides median family income data reproduced in a format designed for ease of use in completing Bankruptcy Forms 122A-1 and 122C-1. Check...
2020 Allowable Living Expenses National Standards
IRS’s National Standards for Allowable Living Expenses IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. National Standards have been established for five necessary expenses: food, housekeeping supplies, apparel...
Chapter 7 Bankruptcy Forms
Chapter 7 – Liquidation You must file Chapter 7 Statement of Your Current Monthly Income (Official Form122A–1) if you are an individual filing for bankruptcy under chapter 7. This form will determine your current...
Bankruptcy Forms
United States Courts Bankruptcy Forms Chapter 7. Liquidation Under the Bankruptcy Code Chapter 9. Municipality Bankruptcy Chapter 11. Reorganization Under the Bankruptcy Code Chapter 12. Family Farmer Bankruptcy or Family Fisherman Bankruptcy Chapter...
Coronavirus Funding Options
Paycheck Protection Program EIDL Loan Advance SBA Express Bridge Loans SBA Debt Relief More
SBA Disaster Loan Applications
Disaster Loan FAQs COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION All required documents listed in filing requirements must be returned. All forms requiring signature must be signed and dated. Incomplete applications will not be accepted....
IRS Publication 946 – How To Depreciate Property?
IRS Publication 946 What’s New for 2020 Section 179 deduction dollar limits. For tax years beginning in 2020, the maximum section 179 expense deduction is $1,040,000 ($1,075,000 for qualified enterprise zone property). This limit...
Economic Impact Payments EIP Eligibility
A1. U.S. citizens and U.S. resident aliens will receive the Economic Impact Payment of $1,200 for individual or head of household filers, and $2,400 for married filing jointly if they are not a dependent...
Sales and Local Tax Rates
California California City & County Sales & Use Tax Rates – CDTFA California City & County Sales & Use Tax Rates Washington Sales & use tax rates Tools Tool for looking sales...
CPA Exam Review Courses
Roger CPA Review They offer free trial for 7 days. Products and prices Surgent CPA Review Free trial – 5 days is available. Here you can find what is included, cost, plans, and...
List of State Tax Departments
Tax departments and their webistes by state. State Tax Department Website Alaska Department of Revenue Tax Division Website Alaska Department of Revenue Department of Revenue Alabama Department of Revenue Department of Revenue Arkansas Department...
IRS delays tax filing and payment deadlines to July 15 for all taxpayers
The Treasury Department and the IRS are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak. The 2019 income tax filing and payment deadlines for all...
Coronavirus-related paid leave for workers and tax credits for small and midsize businesses
Small and midsize employers can soon begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees....
Form W-4
Employee’s Withholding Certificate Form W-4 (PDF) FAQs on the Form W-4 Give Form W-4 to your employer. Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay....
Tax Payments Delay – 90 Days Due to Coronavirus
Delay the April 15 tax payment deadline by 90 days Treasury Secretary Steven Mnuchin: Now, let me just be clear on the specifics: We encourage those Americans who can file their taxes to continue...
Tax Relief for California Taxpayers Affected by the COVID-19
The Franchise Tax Board (FTB) announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until...
