Letter 3753 is a notice from the IRS specifically for self-employed individuals who have outstanding...
The CP503D notice is an official IRS demand for immediate payment of overdue business taxes. Ignoring...
The corporate tax rate is the percentage of a company's profits that it pays in taxes to the government....
The self-employment tax deduction allows self-employed individuals to deduct half of their self-employment...
IRS Form 941 is the form employers use to report their payroll taxes to the IRS each quarter. It's a...
Self-employment tax is a tax primarily for those who work for themselves, and it covers Social Security...
The Federal Insurance Contributions Act (FICA) is a U.S. law that mandates payroll taxes to fund Social...
Estimated tax payments are how self-employed individuals, investors, and others with income not subject...
A write-off is a reduction in taxable income, often due to expenses or losses. Understanding write-offs...
A failure to deposit penalty is a charge the IRS imposes when businesses don't deposit their payroll...