El Anexo K-1 varía ligeramente dependiendo de si es un fideicomiso, una sociedad colectiva o una sociedad anónima de tipo S. Aprende a usar este formulario de impuestos para que puedas reportar la información de manera precisa en tu declaración de impuestos ..read more

Different business structures have distinct tax benefits and obligations. If you want to change your business's tax status, you'll need to file IRS Form 8832 ..read more

Those who hire independent contractors should file Form 1096 with their taxes when reporting non-employee compensation to the IRS by mail ..read more

Explore what IRS Form SS-4 is, why it's important, and how to fill it out correctly to get your Employer Identification Number (EIN ..read more

One of the many benefits of working at home is that you can deduct legitimate expenses from your taxes. The downside is that since home office tax deductions are so easily abused, the Internal Revenue Service (IRS) tends to scrutinize them more closely than other parts of your tax return. However, if you are able to substantiate your home office deductions, you shouldn't be afraid to claim them. IRS Form 8829 helps you determine what you can and cannot claim ..read more

At tax time, small businesses look for ways to save money and maximize credits and deductions. ?One of the most overlooked ways for small businesses to save at tax time starts at the beginning of each tax year,? advises David Ayoub, CPA in Syracuse, N.Y. ?It?s simple. Keep every receipt. Find a way to corral all the loose receipts lying around your desk, in your purse and in your car. They can add up to a lot of deductions.? Another easy and often overlooked deduction is the cash transactions that many small businesses do. ?Keep track of everything in a log,? adds Ayoub ..read more

If you're self-employed, one way to help avoid higher Social Security and Medicare taxes is to organize your business as an S-corporation ..read more

As an entrepreneur, you probably realize that there are some business expenses you just can't control?like the payroll taxes you have to pay for yourself and each person you employ. Watch this video to find out more about payroll taxes and how they may affect your business ..read more

The Tax Cut and Jobs Act of 2017 offers additional tax breaks for both business owners and individual taxpayers ..read more

The IRS allows you to deduct certain expenses from your total income to arrive at taxable income, which is the portion of your earnings that is subject to tax. Some of these expenses include your payments of interest on a mortgage and for business loans. However, when you use a credit card for personal purchases, the interest you pay is nondeductible personal interest ..read more