For purposes of this document, Illinois Sales Tax has three rate structures — one for qualifying food, drugs, and medical appliances; one for items required to be titled or registered; and another for all other general merchandise. If your sales tax liability is less than $1,000 for the prior 12-month period, beginning July 1 and ending June ...
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The name used on a tax return must match the name on file with the Social Security Administration for the Social Security number associated with that name. If one or both of the newlyweds changed their name on the marriage certificate, it is essential to notify the Social Security Administration by filing Form SS-5. The form can be obtained ...
Published prices are meant only as a guide and are not a guarantee. Plus, unlimited tax advice all year—Our tax experts are available on demand to answer your tax questions, year-round. As I write this post, April 17th 2012 is coming to a close and the clock is swiftly ticking towards the deadline to file on time. Over the next few days I ...
The IRS tends to take a closer look at S-corporation returns since the potential for abuse is so large. For example, if you make $500,000 in one year but only designate $20,000 of that as salary income, you might trigger an IRS inquiry, since you are avoiding so much self-employment tax. Your situation is probably different, and WCG spends ...
For example, if your partnership is a calendar year taxpayer, with a December 31 year end, you must file a 2020 tax return or extension request by March 15, 2021. Some states require a state extension filing, whereas others accept the federal extension. Some states have S-Corp franchise taxes, excise taxes, or minimum taxes, and payments are ...