Election to Treat Certain Payments of Estimated Tax as Paid by the Beneficiary A trustee may elect to treat any portion of a payment of estimated tax made by a trust as a payment made by a beneficiary of the trust. This election may also made by the executor of an estate in a tax
Two Timely Elections That Trustees and Executors Should Consider Now Read More »
Consultants and software engineers, especially early in their careers, often face tax issues that catch them by surprise. For example, travel can mean filing in several states, and bonuses and equity can throw off your withholding. This guide covers the main tax areas consultants and software engineers should watch. You may need to file in
What Consultants and Software Engineers Should Know About Their Taxes Read More »
If you receive company stock that vests over time, a Section 83(b) election could save you a lot of tax. However, you must file it within 30 days of receiving the stock, and there are no extensions. This guide explains what a Section 83(b) election is, when it helps and how to file one. What
What Is a Section 83(b) Election and Why Should You File One? Read More »
Starting a business is rewarding, but it can also feel overwhelming. Between business plans, marketing and taxes, there is a lot to think about. These tax tips can help new business owners get off to a good start. 1. Choose a business structure Your business structure decides which tax returns you file and how you
These tax tips can help new business owners find success Read More »
The maximum benefit an eligible company can claim against payroll taxes each year under the PATH Act is $250,000.
How the R&D Credit Can Help New Companies Offset Payroll Taxes Read More »
You have been operating your business as a sole proprietor for several years. Lower Your Employment Taxes by Operating as an S Corporation. Now, as the business is growing, you are thinking about incorporating as an S corporation in order to limit your liability, avoid double taxation of corporate profits, and to make it easier to obtain
Lower Your Employment Taxes by Operating as an S Corporation Read More »
Question: I am one of several members of an LLC taxed as a partnership, and we are selling the business. If we sell our membership interests to the buyer, is our gain a capital gain? Answer: Mostly, yes, but with important exceptions. Here is how the tax rules work on the sale of limited liability
Tax Consequences Upon Sale of Limited Liability Company Read More »
What Is Restricted Stock?
Restricted stock is, by definition, stock that has been granted to an executive that is nontransferable and subject to forfeiture under certain conditions, such as termination of employment or failure to meet either corporate or personal performance benchmarks. Restricted stock also generally becomes available to the recipient under a graded vesting schedule that lasts for several years.
How restricted stock and restricted stock units (RSUs) are taxed Read More »
If you work as an independent contractor, the IRS treats you as a business of one. No one withholds tax from your pay, so you handle your own income tax and self-employment tax. The good news is that you can also deduct business expenses. Here are ten 1099 tax deductions every contractor should know. Today,
Top Ten 1099 Tax Deductions for Independent Contractors Read More »
