As deadly wildfires continue to ravage parts of California, the Internal Revenue Service (IRS) has announced that victims of those fires now have until January 31, 2018, to file certain individual and business tax returns and make certain tax payments.… Read more
(Author’s note: Edited twice to include separate statements from an Equifax spokesperson.)
“Fool me once, shame on you.… Read more
I’m a contractor who signed a w-9 form but am no longer gonna do the work, am I okay or how do I cancel the w-9 form????
You should be fine. Here’s why.
A form W-9 is used to provide your taxpayer identification number (such as your Social Security Number (SSN) or your Employer Identification Number (EIN)) to certain payers.… Read more
Have you filed your taxes yet? Taxpayers who filed for extension during tax season must file and pay any balance due next week. The deadline for filing is fast approaching, but there is a bright spot: taxpayers get an extra day to file this year.… Read more
Often overlooked and misunderstood by the Congress, US citizens living and working overseas now appear to be poised to benefit from the Administration and Congress’ desire for tax reform. There is a real possibility that new international tax rules will be passed in a greater tax reform overhaul and these rules will no doubt address tax policy for individuals as well as corporations.… Read more
Deloitte, known popularly in the United States as one of the “Big Four” accounting firms, has confirmed that it was the victim of a cyber attack.… Read more
Business travelers have a lot of expenses to keep up with from hotels to taxis to tips. To keep things simple, the Internal Revenue Service (IRS) allows the use of per diem (Latin meaning “for each day”) rates. Per diem rates are the equivalent of a fixed amount paid to employees to compensate for lodging, meals, and incidental expenses incurred when traveling on business rather than using actual expenses.… Read more
Do you have a side hustle? From driving a Lyft to dog-walking, Americans are increasingly looking to pick up some extra cash with a side gig. According to a survey conducted by finder.com, more than 1 in 4 of Americans are earning cash on the side but not declaring it on their tax returns.… Read more
The Internal Revenue Service (IRS) has announced that Hurricane Irma victims in the entire state of Georgia now have until January 31, 2018, to file certain individual and business tax returns and make certain tax payments (source: IR-2017-156).… Read more