The Form W-4, Employee's Withholding Certificate, is a critical document for determining the correct amount of federal income tax to withhold from an employee’s paycheck. If an employer discovers that an employee has completed their Form W-4 incorrectly, it is...
IRS
Help to decide between a hobby or business
Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Either way, if they are paid through payment apps for goods...
Year-round tax planning tips for taxpayers
Here are some simple things taxpayers can do throughout the year to make next filing season less stressful. Organize tax records Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store...