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How to Pay Yourself: Salary vs. Distributions in an S-Corp

Running an S Corporation (S-Corp) offers numerous tax advantages, especially when it comes to how business owners pay themselves. One…

3 hours ago

How to Maximize the Earned Income Tax Credit (EITC)

The Earned Income Tax Credit (EITC) is one of the most powerful tools for reducing tax liability and increasing refunds…

3 hours ago

How to Integrate Sales Tax Software with Shopify, Amazon, and Etsy

Managing sales tax compliance across multiple e-commerce platforms like Shopify, Amazon, and Etsy can be overwhelming for sellers. Each platform…

3 hours ago

How to Handle W-2s, 1099s, and Contractor Payments: A Complete Tax Reporting Guide

When tax season approaches, proper handling of employee and contractor payments becomes critical. Business owners need to comply with IRS…

3 hours ago

How to Handle Sales Tax Audits: A Comprehensive Guide for U.S. Businesses

Sales tax audits can be a nerve-wracking experience for any business owner. These audits are typically initiated by state tax…

3 hours ago

How to Handle Sales Tax and Income Tax in Your E-Commerce Startup

Starting an e-commerce business is an exciting venture, but it comes with several tax responsibilities that entrepreneurs often overlook. If…

3 hours ago

How to Handle Net Operating Losses (NOLs) on Form 1120

Net Operating Losses (NOLs) are a powerful tax tool for corporations that have experienced more deductions than income in a…

3 hours ago

How to Handle an IRS Audit or CP2000 Notice

Receiving a letter from the IRS can be stressful, especially when it involves an audit or a CP2000 notice. These…

3 hours ago

How to File Your Federal Income Tax Return in 2025: A Comprehensive Guide

Filing your federal income tax return in 2025 may feel overwhelming, especially with evolving tax codes, credits, and forms. Whether…

3 hours ago

How to File IRS Form 1065 for Partnerships: Full Instructions

IRS Form 1065 is the U.S. Return of Partnership Income. Partnerships in the United States—including limited partnerships (LP), limited liability…

3 hours ago

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