Employee Stock Purchase Plan

Employee Stock Purchase Plan: The ability to buy stocks is one of the most cogent benefits that employees can be offered by any publicly traded organization. The Employee Stock Purchase Plan (ESPP) is one of the most undemanding ways of doing this amongst several other ways that exist. The ESPP plans provide an uncomplicated, easy […]

Will The IRS Send You A Letter If You Owe Money

Will The IRS Send You A Letter The Internal Revenue Service (IRS) is an U.S. federal agency that manages the collection of taxes. People informally adverts to the IRS as the “tax man”. The Internal Revenue Service or the IRS sends a letter or a notice for a number of reasons. The reason might be […]

Can I Choose Married Filing Separately?

Married Filing Separately Filing Status There has been always a doubt in choosing the right fling status, to choose whether Single Tax Filing, Married Filing Jointly or Married Filing Separately. Let’s go through the details and information below about eligible filing statuses. What is Married Filing Separately (MFS)? MFS – Married Filing Separately is a […]

Figuring your Income Tax on Uber or Lyft Income

Making earnings through Uber or Lyft Income is quite exciting and hardest thing to assess personal taxes. Determining taxes of Uber and Lyft is much confusing task, because you are not an employee but individual contractor. Uber/Lift provides you with the tax summary where you can see your ride fares, tips and cancellation fees is […]

Gift Tax 2021:

Gift Tax Benefit On Your United States Tax Returns 2021 When you gift a money or an object to somebody you would think of claiming a tax benefit on your tax returns, but tax law does not allow you to claim a tax benefit. The amount you donate to a charitable organization can be claimable […]