Escrow accounts are very helpful for homeowners to set aside some money every month to pay property taxes and other insurance premiums. Since it’s challenging to arrange a bigger amount at once, escrow accounts act as money-savers, and mortgage lenders use this money to cover all such payments. But, what
Estimating payroll taxes is a complicated and detailed process as there are many federal and state taxes that may apply to an employee’s paycheck. Also, some taxes are paid by the employee, some by the employer, and others are shared by both. Payroll taxes usually consist of federal and state
The Internal Revenue Service (IRS) is the governmental entity in charge of managing taxes in our country, for that reason they are the institute with the faculty of indicating which are the due dates for tax payments that correspond to us citizens. It is important to remember that although the
One of the most common questions the majority of new employees ask is, “what percentage of my paycheck is withheld for federal tax?” With taxes lurking around, everybody is interested to know how much money they are actually making and what amount they will be left with after paying all
The IRS is sending millions of stimulus checks, and one may be headed your way. A lot of Americans have received their three stimulus checks. If the eligible persons have not received their 2020 stimulus check, they will receive the cash in Recovery Rebate Credits. Knowing your eligibility can help
Your incapability to pay for the child support tax can compel the enforcement agency to seize your tax refund. It means that the child support will collect your unpaid taxes from the Internal Revenue Service (IRS) to cover the arrears. If you are facing the same, you have two options. You
The EIN or Employer Identification Number is a 9-digit number that identifies your company and is assigned by the Internal Revenue Service (IRS) of the US. You need it to pay federal taxes, hire employees, open accounts, and apply for licenses or permits. The application process is free and you
Perhaps the first question that arises when we want to know if someone filed taxes on our behalf is, why would someone do this? Generally, it could be a mistake, an accidental fact. However, in many cases, this is done by criminals to collect fraudulent refunds through the identities they
The Internal Revenue Service (IRS) is the official tax collection agency of the U.S. It is in charge of issuing all the forms and regulations related to federal taxes, obligations to tax-payers, exemptions, and deductions. Almost all workers, employees, and businesses have to pay them and to report their annual
Sales taxes are one of the first things that you have to pay while you buy retail products. These taxes make things more expensive, even if it is just by little, but have you ever wonder if there is a way to not pay them? Luckily, in some states, a