taxes

IRS Form 56 Explained Fiduciary relationships allow one person to be responsible for the assets of another, and IRS form 56 is utilized to inform the IRS of the creation…

Payroll Deductions Explained - Pre-Tax & Post-Tax By law, employers are required to withhold payroll taxes from their employee's paychecks. Payroll deductions include voluntary and mandatory tax withholdings that can…

G4 Form Explained Whether you’re new to the world of knowledge around tax filing, or an experienced veteran, struggling to complete the G4 form can be a daunting experience. When…

What Is A Pre Tax Deduction? Employers can benefit from educating themselves on the different types of payroll deductions that can impact how they manage paycheck amounts in the workplace,…

What Is A Post Tax Deduction? A post-tax deduction is an example of a payroll deduction that is subtracted from an employee's paycheck after all necessary taxes have been withheld,…

EV Tax Credit Explained - 2023 Updates The IRS offers tax incentives for taxpayers who take environmentally-conscious initiatives such as purchasing an electric vehicle (EV), but in the same way…

Swimming Pool Taxes Explained - 2023 Updates Tax season is coming up, so you may be wondering if you can deduct a swimming pool from your tax return. Qualifying taxpayers…

Is Overtime Taxed More? Everything You Need To Know If you are responsible for managing payroll responsibilities and withholding tax from employees at your small business, you may be concerned…

Tax Topic 152 Explained You may come across the phrase 'Refer to Tax Topic 152' while investigating the status of your tax return. If taxpayers observe the Tax Topic 152…

768 IRS Code Explained The 768 IRS code is a tax code indicating the amount a taxpayer will receive in their tax refund due to the Earned Income Tax Credit.…