What Does Code 570 And 971 Mean On Tax Transcripts? Everything You Need to Know
If you’ve looked at your tax transcript, you may have seen codes 570 and 971. But what do they mean? And should you be worried? … Continue Reading »
Taxes
How Are Annuities Given Favorable Tax Treatment?
It is no secret that annuities enjoy preferential tax treatment. However, many people are not sure why this is the case. This blog post will … Continue Reading »
Tax Rate by State
Do you know what your state’s tax rate is? How about the tax rate of other states? You may be amazed that some states have … Continue Reading »
Federal Tax Due – All You Need to Know
You must have heard the infamous statement, “Your Federal tax is due now.” As April 15 approaches, we can feel anxiety and stress around us. … Continue Reading »
What is a Delayed Charge in QuickBooks Online? Everything You Should Know
This post will explain what is a delayed charge in QuickBooks Online and what you should you know about the topic. If you want to … Continue Reading »
What Is Income Shifting? Income Shifting explained
Income shifting has been around for many years, and wealthy taxpayers have used it for several years. You can use income shifting to protect your … Continue Reading »
How to Record Cash Payments in Quickbooks. Quickbooks Guide
In this how to record cash payments in Quickbooks guide, we will go over the advantages of Quickbooks and why it’s important for every business … Continue Reading »
What is a W2 Form? Wage and Tax Statement Guide
Every year in January, employers file the Form W2 to report an employee’s income from the last year, the amount of tax the employer withheld, … Continue Reading »