Depending on your business type, there are different ways to prepare and file your taxes. When it’s time to file a federal income tax return for your small business, there are various ways you can do it, depending on whether you run the business as a sole proprietorship or use a legal entity such as
How to File Federal Income Taxes for Small Businesses Read More »
Every paycheck has two kinds of federal tax taken out: FICA tax and income tax withholding. They work very differently. This guide explains how FICA tax and withholding work in 2026, and what that means for salary, bonuses and equity pay. What is FICA tax? FICA stands for the Federal Insurance Contributions Act. FICA tax
How FICA Tax and Withholding Work in 2026 Read More »
What are restricted stock units (RSUs)? When companies offer equity to employees, they usually offer stock options (like ISOs or NSOs) or restricted stock units (RSUs). You typically don’t get to choose which type of stock you receive; instead, what you receive depends on your role and the size, stage, and preferences of your company. But regardless of
How do I verify capital gain for ESPP and RSU? Read More »
Stock trading fees aren’t deductible on their own, but they still cut your tax. How commissions affect cost basis and what investment expenses count in 2026.
Are Stock Transaction Fees Tax Deductible? 2026 Rules Read More »
When it comes to personal service income, all wages and any other compensation for services performed in the United States are generally considered to be from sources in the United States. The place, where the personal services performed, generally determines the source of the personal service income. Regardless of where the contract was made, or
Do not pay tax to US if you perform your service outside US – Personal Service Income Read More »
Have you ever thought about starting your own business? Starting a company today is both harder and easier than ever before. It is more challenging because a larger number of opportunities have been capitalized on, and a greater number of people appear to be trying. If you are thinking of starting a company, then one
Business Structures that Start-Up Companies and Small Business Should Know Read More »
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 »
