Blog
Explore our blog to discover everything you need to know about paystubs, W-2 forms, tax forms, and much more.
Digital Nomad Taxes for US Nomads & Expats: Full Guide10
Digital nomad taxes are levied on American freelancers who are based abroad. They include federal and state income taxes and FICA taxes.
Understanding 7+ Key Tax Deductions for Volunteer Work
The tax deductions for volunteer work only apply to the unreimbursed out-of-pocket expenses incurred while carrying out charitable services.
Full Guide to Babysitter Taxes: Tax Types, Exemptions, & More
Babysitter taxes are levied on self-employed nanny income worth at least $600 or full-time babysitting cash wages worth at least $2,700.
How do Social Media Influencers Pay Taxes? Full Guide
Influencer taxes are a common term for taxes levied on influencer income. Generally, influencers who earn at least $600 fall into this category.
Understanding Seasonal Employment: Types, Benefits, & Tips
Seasonal employment is a temporary job opportunity that opens during certain times of the year, such as the holidays, summer, and winter.
Household Employees: Hiring, Classification, Taxes, and More
Household employees are hired to fulfill services like cleaning, babysitting, driving, cooking, and yard work within their employer's residence.
Crypto Taxes: Full Guide on When and How to Pay Them
The crypto taxes are levied by the IRS on cryptocurrencies used to generate gains or losses by selling, trading, or purchasing goods.
Understanding Pet Tax Deductions: Are Veterinary Bills Eligible?
The answer to the query, "Are veterinary bills tax deductible?" is that claiming the said expense only applies to service animals and working pets.
Does Changing Jobs Affect Your Tax Return? Learn How
Changing jobs does affect your tax return if it means reporting more sources of income or paying additional or higher taxes to the IRS.
Freelancing as a Student: Managing Your Finances & Taxes
Freelancing as a student entails exploring jobs that match your skills and learning about applicable labor policies and freelance taxes.
Tax Relief Programs: 5 Options To Help You With Your Tax Debt
Tax relief programs are various government initiatives that help financially struggling taxpayers manage and pay off their existing tax liabilities.
How to Send Tax Documents Securely and Safely: Full Guide
Learning how to send tax documents securely is one of the most crucial ways to stay protected against identity theft and other types of tax fraud.
What Happens if You Only File One of Your Multiple W-2 Forms?
If you only file one W-2 form despite receiving multiple copies within the year, you will possibly face IRS notice, an audit, or hefty penalties.
Salary Advance: Meaning, Benefits, Risks & Alternatives
A salary advance is an upfront sum you can get as a loan from your employer in case of an emergency or financial difficulty.
How to Get a Mortgage if You’re Self-Employed: Full Guide
Knowing how to get a mortgage when self-employed helps gauge your capacity to repay your desired loan and explore available mortgage options.
Are Tips Taxable? All You Need to Know About Filing Cash Tips
The answer to the "Are tips taxable?" question is yes because all cash and noncash tips are included in an employee's taxable earnings.
W-2 vs. W-4 Form: Key Differences, Filing Rules, & Purpose
Knowing the differences between a W-2 vs. a W-4 form enables businesses to withhold the correct taxes and regulate their payroll practices.
Do Paychecks Expire? A Quick Guide For Employees
Have you ever wondered if paychecks expire? The answer is yes; they do after a maximum of six months or 180 days. Employers must reissue expired checks.
Tax Planning for Beginners: Definition, Effective Strategies & Tips
Tax planning is a strategic process of assessing your finances and identifying legal and feasible ways to reduce your taxable income.
What Happens if I Can’t Pay My Taxes & What to Do About It?
The answer to the query "What happens if I can't pay my taxes?" is that you could face penalties from the IRS or even imprisonment.
How to Report Self-Employment Income Without a 1099
It is crucial to know how to report self-employment income without a 1099 form to avoid underreporting your earnings and facing IRS penalties.
W-2 Form Correction: How to Do It & Why It Matters
W-2 form corrections are amended errors on previously issued W-2 forms. Some of these errors are incorrect SSNs, wages, and withheld taxes.
How to Report Foreign Income: A Complete Guide
Knowing how to report foreign income includes being familiar with the applicable US and foreign tax laws and using the correct IRS forms.
Married Filing Jointly vs. Separately: Which is Right for You?
Knowing the difference between married filing jointly vs. separately helps identify the filing status that best suits your financial circumstances.
Home Office Deduction: How to Know if You Qualify + Calculation
A home office deduction is a tax break that lets self-employed taxpayers claim a percentage of their home office expenses on their tax returns.
How to File Taxes With No Income & Why You Should Do It
Knowing the solution to the query, 'How do I file taxes with no income?' enables you to reduce tax liabilities and avoid possible IRS penalties.
7 Payroll Trends Every Business Owner Should Know in 2024
The top payroll trends in 2024 include maximizing AI capabilities for payroll, improving data security, on-demand payroll, and global compliance.
Invoice Management: Definition, Importance, Best Tools, & More!
Invoice management is an accounting process that involves acquiring, recording, verifying, and tracking all invoices from a supplier or vendor.
Small Business 1099 Form: Requirements, Deadlines, & More
A small business 1099 form is used to report non-employee payments made to contractors, vendors, shareholders, or organizations.
Gross Pay vs. Net Pay: 3 Essential Differences [+ Examples]
The main difference between gross pay vs. net pay is in the deductions, amount, and purpose of each of these two options.
