Request a new EIN from IRS To change an existing EIN, check the IRS requirements. If you are eligible for a new EIN, then submit Form SS-4 to the IRS. Can...

The big benefit of S-corp taxation is that S-corporation shareholders do not have to pay self-employment tax on their share of the business’s profits. Thi...

Eligible taxpayers can usually contribute up to $6,000 to an IRA for 2019. The limit is increased to $7,000 for taxpayers who were age 50 or older by the ...

Kentucky is home to a population of 4.47M people, from which 97.8% are citizens. As of 2018, 3.74% of Kentucky residents were born outside of the country ...

Nearly any business credit card fee or credit card company charge incurred by a business through the use of a credit card has been and still is eligible t...

If you paid for something via PayPal, but the item never arrived, or you suspect fraud, you can cancel the payment on your own. In case the payment is pen...

The service center will send Form 2553 to the IRS in Washington, DC, who, in turn, will notify the corporation that the fee is due. If the corporation mak...

Understanding Your Form 1099-K. Form 1099-K, Payment Card and Third Party Network Transactions, is an IRS information return used to report certain paymen...

You must also withdraw any earnings on the excess contributions. Earnings are considered earned and received in the tax year during which the excess contr...

The March 2020 CARES Act put a pause on federal student loan payments and interest, and it’s since been extended under President Biden through Sept. 30, 2...