Remember, your deduction can't exceed the gross income from the business use of your home. You can only use this method if your home office is 300 square feet or less. It's not enough to use a part of your home only for business‚ you must also ... Read more
In the remaining states, broader tests for taxability are applied. What this means is that if you have employees in the states with the broader tests for taxability, you may end up paying state unemployment taxes even though you're not obligated to p... Read more
Doing taxes when you're self-employed or doing gig work can be tricky. While it would absolutely, unquestionably suck to get audited, your odds of facing jail time over your taxes are pretty slim. If you make an honest mistake on your taxes, it's far... Read more
Often referred to as self-employment taxes, or SE taxes, you must pay these if your net yearly earnings from self-employment are $400 or more. That’s because your employer calculates how much money needs to be withheld from your paycheck.... Read more
If you had no liability for a quarter, leave the line blank. If you're unable to complete the challenge, please take a screenshot of this page and email it to our Security team at security- We’ll do our best to figure it out. Please click on th... Read more
Harbor Compliance is not acting as your attorney and does not review information you provide to us for legal accuracy or sufficiency. Access to our website is subject to our Terms of Use and Service Agreement.This stock will then be distributed among... Read more
You simply take a standard deduction of $5 for every square foot of office space, up to 300 square feet. For example, if your home is 1,000 square feet and your home office is 100 square feet, you use 10% of your home as part of your business.... Read more
Form 8809, Application for Extension of Time To File Information Returns, is an Internal Revenue Service form taxpayers use to apply for an extension of time to file informational returns. You may use it to request an initial or additional extension ... Read more
The return must be signed by an authorized officer. If the return is prepared by someone other than the taxpayer, the preparer must also sign the return and enter his or her complete address. A tax exempt organization’s annual return is due on ... Read more
Generally, the applicable method is the 200% declining balance method, switching to the straight line method in the first tax year that the straight line rate exceeds the declining balance rate. You must make the election on your return filed no late... Read more
