Taxes
Estimated Tax Payments: What Happens If You Miss a Quarter
Key Takeaways Missing a quarterly estimated tax payment triggers IRS underpayment penalties and daily compounding interest until the balance is...
Sales Tax Scaries (Part 1)
Could Your Sales Tax Become a Horror Story? This part of the year is filled with horror stories. Could your...
How the IRS Finds Out About Your Assets
Key Takeaways The IRS learns about your income and assets through third-party reporting, including W-2s, 1099s, mortgage records, and brokerage...
Everything You Need to Know About the Latest With Marketplace Facilitators
“Marketplace facilitator” is slowly becoming a familiar term in the sales tax world. What once started as a world of...
How Do Newlyweds File Taxes?
Key Takeaways Newlyweds should promptly update their name and address with the Social Security Administration and IRS to prevent refund...
How does it handle sales tax and is it a marketplace facilitator?
One critical tool to eCommerce back office is the checkout tool, and the best of such checkout tools evolve as...
Will the IRS Negotiate If You Can’t Pay?
Key Takeaways The IRS does negotiate tax bills, but only through structured relief programs—not informal deals. Main options include...
How States Address Grocery Sales Tax Rates
Cut them now, trim them over time, hold them steady by bundling them with other tax packages, or punt to...
Charitable Donations: What the IRS Requires for Proof
Key Takeaways: Charitable donations are deductible only if given to qualified 501(c)(3) organizations, including religious, educational, and charitable nonprofits. Cash...
Best practices, compliance tips for managing exemption certificates
What is an "exemption"? (more…)
How to File Taxes as a Musician or Artist
Key Takeaways: Musicians and artists are often considered self-employed, meaning they must report all income, pay self-employment tax on...
SST – A great idea, but is it for everybody?
The Streamlined Sales Tax project started 25 years ago with a sensible goal: Bring order to the chaos to the U.S....
