How to Legally Write Off Rent Expenses for Business in 2023 + FAQs
Whether you are self-employed or operate a business, it is possible to write off rent as a business expense if you meet certain eligibility requirements and follow the correct documentation procedures. By understanding these guidelines and keeping accurate records, you can reduce your taxable income and benefit from legitimate deductions. Business Rent Expense Write-Off: Do […]
7 Best Tax Relief Companies (w/Pricing) in 2023 + FAQs
Obtaining tax relief when in debt to the IRS can be stressful and challenging. Owing back taxes is a serious issue that can result in wage garnishment and other consequences for individuals and businesses. Choosing the right company to help you find relief from your bills is an important decision. While there are many tax […]
Does Washington Tax You When Selling a Home in 2023? + FAQs
Washington State does not tax capital gains realized on the sale of real estate property. However, Washington does levy a Real Estate Excise Tax (REET), a type of real estate transfer tax. This means that when you sell a home in Washington, you may be responsible for this tax, which is based on the selling […]
Does Georgia Tax You When Selling a Home in 2023? + FAQs
The tax implications when selling a home are a significant consideration for homeowners in Georgia. The state of Georgia, like many others, has specific regulations and guidelines that pertain to capital gains and other taxes that may be applied during the sale of a home. The nuances of these regulations can impact the net profit […]
IRS Penalty Abatement Secrets Using “Reasonable Cause”
Table of Contents Oh-no! You open your mailbox and see – the dreaded IRS envelope. Inside the envelope, you find a notice from the IRS informing you that it assessed additional tax, penalties, and interest on your tax return from two years ago! After you recover from the shock, you review your tax records for […]
How to Legally Write Off Car Expenses for Business + FAQs
Vehicle ownership and maintenance represent significant expenses for business owners. Depending on the type of business, owning company-specific vehicles isn’t always feasible. Many small business owners and self-employed people use the same vehicle for professional and personal purposes. If you are a business owner in this situation, you may be able to offset some of […]
Does New Jersey Tax You When Selling a Home in 2023? + FAQs
Selling a home is a major financial decision that can have significant tax implications. New Jersey, like many states, has its own set of rules and regulations regarding the taxation of real estate transactions. If you’re considering selling your home in New Jersey in 2023, it’s important to understand the potential tax implications so that […]
Does Michigan Tax You When Selling a Home in 2023?
If you are a homeowner in the Great Lake State, you may have questions on how to prepare to sell your home to a potential buyer. We provide an in-depth analysis of the tax implications for individuals selling their homes, covering topics such as capital gains tax, transfer tax, potential exemptions and deductions, and the […]
Does Ohio Tax You When Selling a Home in 2023? + FAQs
Are you a resident of the Buckeye State with plans to sell a home, condo, or apartment? Federal, state, and local entities each have their own real estate taxation schedules. Knowing how real estate taxes work and which exemptions you can benefit from when selling a home in Ohio will help you understand how much […]
How to Register Federal EIN / Tax ID in Georgia + Pricing
Federal EIN Registration for a Georgia-Based Business Obtain a Federal EIN if your company has employees, operates as a corporation or partnership, files business taxes, or needs a business bank account. $195 Additional services can be added during checkout. All fees paid are earned. There are no refunds. Service includes EIN number registration 48hr typical […]
