Taxes
What is Schedule R, Tax Credit for Elderly or Disabled?
July 24, 2023 Tax season can be a daunting time for many, with the intricacies of various forms and schedules...
Exemption certificate management and audits
Maintaining current, valid exemption certificates is critical in managing your overall sales tax risk. Under audit, an otherwise exempt sale...
What to Know About Schedule H: Household Employment Taxes
July 20, 2023 If you have anyone doing work around your home, it’s possible they may be considered household employees....
Tax Tips for Resident and Non-Resident Aliens: Part 2
July 19, 2023 When it comes to filing taxes as a resident or non-resident alien, the first step is determining...
Understanding situs for sales tax
We hear a lot about nexus and various thresholds but not as much as about tax situs. The situs is...
Tax Tips for Resident and Non-Resident Aliens: Part 1
July 18, 2023 Did you know you are required to pay taxes on your income even if you are not...
AGI vs. MAGI
July 17, 2023 Most taxpayers are used to seeing the term adjusted gross income, or AGI, when filing their tax...
Sales tax holidays and taxability of clothing/back to school (part 2)
As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. Here are the back-to-school...
1099s Explained: FAQs
July 13, 2023 Form 1099 is more common than ever with many taxpayers turning to side hustles for extra income....
1099s Explained: Types
July 12, 2023 Now that we know the basics of IRS Form 1099, we can take a closer look at...
Sales tax holidays and taxability of clothing/back to school (part 1)
Returning to class probably doesn’t make too many students think of the word “holiday,” but tax jurisdictions have other ideas....
What are Deferred Tax Liabilities?
July 10, 2023 Last week we broke down deferred tax assets and how they can help reduce tax liability. Today,...
