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Monthly Archives: March 2017
Unemployment is Taxable. It includes all unemployment compensation as income for the year. Taxpayers should have received a Form 1099-G, Certain Government Payments, by Jan. 31. This form shows the amount received and the amount of any federal income tax … Continue reading
If you’re self-employed, you need to AVOID being audited, paying unnecessary fines or losing out on valuable deductions!
Here are important things to remember: 1. Self-employed taxpayers generally need to make quarterly estimated tax payments. 2. Self-employed taxpayers must file a Schedule C, Profit or Loss from Business, or Schedule C-EZ, with their Form 1040. 3. For those … Continue reading