The post 20 Top Trending Business Ideas *No Fluff* [2024 Edition] appeared first on Excel Capital Management ..read more

What Is IRS Form 1120? IRS Form 1120 is used by corporations to file their taxes. Specifically, to report their income, deductions, losses and gains, and credits.  If you’re any type of U.S. corporation, Form 1120 (or some version of it) is the official IRS form you’d use to report your taxes.  What is the difference between Form 1120 and 1120-S? While Form 1120 is used by C corporations, Form 1120-S is specifically used by S corporations. Before filing your taxes, make sure you have the correct version of Form 1120 for your corporation.  Who Needs to File IRS Form 1120? All co ..read more

What Is IRS Form 9465? IRS Form 9465 is used for requesting and implementing an installment agreement on tax payments. Typically, Form 9465 is used when someone files their taxes but finds that they owe more than they can immediately pay.  In that case, you can file Form 9465 and begin making installment payments on your taxes due. However, keep in mind that even if you have Form 9465 in place with the IRS, they’ll still charge you late penalties and interest on those payments. Who Should (and Shouldn’t) File Form 9465? If you’ve just filed your taxes and the amount you owe is more than ..read more

What Is IRS Form W-7 Used For? IRS Form W-7 is an official IRS form used to obtain an Individual Taxpayer Identification Number.  You typically need form W-7 for filing taxes with the IRS if you’re not a U.S. citizen and either don’t have, or aren’t eligible for, a social security number.  However, it can also be used for: Obtaining a mortgage Employment settlement disputes Opening an interest-bearing checking account Read on for a quick and easy guide to filling out Form W-7 and obtaining your ITIN.  Do I Need an ITIN? If you’re not a U.S. citizen or if you can’t obtain a so ..read more

What Is Form 941? IRS Form 941, Employer’s Quarterly Federal Tax Return, is used by employers to report income and payroll tax withholdings, Social Security, and Medicare tax burden.  The complete list of items reported on Form 941 includes: Employee wages, including tips and other compensation Federal income tax withholdings (payroll) Medicare tax withholdings (employee and employer shares) Social Security benefits withholdings  Quarterly SS and Medicare tax adjustments for various reasons such as sick pay While that is a lot of information, simply know that Form 941 will tell yo ..read more

What Is IRS Form W-7 Used For? IRS Form W-7 is an official IRS form used to obtain an Individual Taxpayer Identification Number.  You typically need form W-7 for filing taxes with the IRS if you’re not a U.S. citizen and either don’t have, or aren’t eligible for, a social security number.  However, it can also be used for: Obtaining a mortgage Employment settlement disputes Opening an interest-bearing checking account Read on for a quick and easy guide to filling out Form W-7 and obtaining your ITIN.  Do I Need an ITIN? If you’re not a U.S. citizen or if you can’t obtain a so ..read more

What Is IRS Form 4506-T? IRS Form 4506-T is an official IRS form used to request a tax return transcript. Typically, Form 4506-T is used when you need to provide your tax return information for the purposes of: An IRS audit Applying for a mortgage loan Getting approved for a business loan Or verifying information from the previous year when filing your next tax return So, how do you get a copy? Here’s how:  How to Obtain Your Tax Transcript from the IRS Fortunately, obtaining your tax transcript and related tax information is easier than ever. While you can fill out Form 4506-T and wait ..read more

As a business owner, you know that putting out fires and finding solutions is a part of the job. When the unexpected happens, emergency business loans are available to help bridge the gap. Whether large or small, emergencies happen, and when they do a quick injection of working capital may be exactly what you need to avoid catastrophe and keep things running smoothly. In the past, getting this kind of fast funding was impossible. Fortunately, with the evolution of fintech and alternative lending, small business owners can avoid the lengthy approval process associated with traditional bank ..read more

Construction Business Loans: Everything You Need to Know As a  general contractor, you know that obtaining construction business loans is important to running a construction business and operating in a fluid fashion. Full payment for a project does not typically come until at least 90 days after the project start date, but construction costs don’t wait around,  which makes construction loans a necessity to function. When a new job is taken on you receive a small down payment upfront as well as progress payments or tiered payments as the job hits certain milestones. This delayed ..read more

Table of Contents: What is an online business loan? Online business loan rates and fees How to be approved for an online business loan Business loans by industry Frequently asked questions What is an online business loan? And how is it different from a traditional bank loan? An online business loan is the same as any traditional business financing option, with one difference: you can apply, get approved, and be funded all online, without ever having to step into a lending office.  However, while that is the only true technical difference, the reality is that online lenders tend to provi ..read more