Category Archives: USA

Form 1040 X, Amended U.S. Individual Income Tax Return

By | May 12, 2019

About Form 1040-X, Amended U.S. Individual Income Tax Return Need to Fix an error on a Tax return? file Form 1040X to change your filing status or correct income or deductions or credits. File Form 1040-X to do the following. Correct Forms 1040, 1040-A, 1040-EZ, 1040-NR, or 1040-NR EZ. Make certain elections after the prescribed… Read More »

Best Online Colleges for Psychology

By | May 12, 2019

Online Colleges for psychology Through the study of psychology, students will explore matters of the mind through an interdisciplinary approach that helps them understand biological bases of behavior and mental processes, developmental changes across the lifespan, learning and cognition, and sociocultural approaches and influences.  WHAT PROFESSIONS WILL A DEGREE IN PSYCHOLOGY PREPARE ME FOR? Behavior… Read More »

Form 940 Employer’s Annual Federal Unemployment Tax Return

By | May 11, 2019

Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. Only employers pay FUTA tax. Do not collect or… Read More »

Employers to file payroll taxes electronically : IRS

By | May 11, 2019

Business owners who file payroll and employment taxes using paper forms should consider filing these electronically. Here are some of the forms employers can e-file: Form 940, Employer’s Annual Federal Unemployment Tax ReturnEmployers use this form to report annual Federal Unemployment Tax Act tax.  Form 941, Employer’s Quarterly Federal Tax ReturnEmployers use this form to… Read More »

Tax benefits for depreciation and expensing : IRS

By | May 11, 2019

WASHINGTON — During Small Business Week, the Internal Revenue Service is highlighting tax reform changes that impact depreciation and expensing for nearly every business. In some cases, these changes allow small business owners and the self-employed to write off the cost of machinery, equipment and other property more quickly. This year, National Small Business Week is May 5-11.… Read More »

IRS Revenue Ruling 2019-13

By | May 10, 2019

RR-2019-13: Guidance on the application of subchapters C and S of chapter 1 of subtitle A of the Internal Revenue Code Revenue Ruling 2019-13 provides guidance on the application of subchapters C and S of chapter 1 of subtitle A of the Internal Revenue Code (Code) to cash distributions made in redemption of the stock of C corporations formerly classified… Read More »

IRS : Small businesses can benefit from deducting vehicle costs on their taxes

By | May 10, 2019

Small businesses can benefit from deducting vehicle costs on their taxes Businesses that use a car or other vehicle may be able to deduct the expense of operating that vehicle on their taxes. Businesses generally can use one of the two methods to figure their deductible vehicle expenses: Standard mileage rate Actual car expenses For… Read More »

IRS : Credits and deductions for businesses

By | May 10, 2019

IRS highlights credits and deductions for businesses during Small Business Week WASHINGTON — During Small Business Week, the Internal Revenue Service reminds small business owners and self-employed individuals to take deductions and credits that will help their bottom line. This year, National Small Business Week is May 5-11. For more than 50 years, the week has recognized the… Read More »