If you have worked in two companies in a financial year, then you will be issued 2 Form-16. Many people know this today, but ...

For example, the income you receive from freelance work is generally taxed as self-employment ... your tax return. Even though the flat backup withholding rate is 28%, your actual tax liability ...

A financial advisor can help you assess whether the correct amount is being withheld and recommend adjustments to avoid surprises come tax time. Withholding tax refers to the portion of your income ...

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for ...

Natalie toggles between news stories and enterprise reporting to bring timely personal finance topics to readers. Her mission is to help inform people of all financial backgrounds about events ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. IRS Form ...

Richmond sole proprietors get much-needed help for income reporting for the June 15th deadline with Advanced Tax account services. RIC ...

Can I withdraw the money from the Sipp and gift it to my children and grandchildren as surplus income? Would I need to do ...

Incomes from wages, self-employment, and other compensation, including Railroad Retirement Board (RRB) compensation, all count toward the income ... calculate your additional Medicare tax ...

Your filing status can have a significant impact on your tax return. For example ... reduce your taxable income, which is the amount IRS and state tax agencies use to calculate how much you ...

Although the entities themselves don't pay tax, their taxable characteristics get carried out to individual investors. The Schedule K-1 form gives specific details on the income and deductions ...