Tax season can be a daunting time for business owners. Still, with a solid understanding of business accounting, you can navigate the complexities of taxation more efficiently and...
Filing an income tax form for a deceased person is a requirement that must be fulfilled by the executor of the deceased person's estate. The executor is responsible for filing...
Any mistake on a tax return equals money, hard-end money. Either you are losing it by paying taxes, interest, and penalties or getting a fat refund. In addition to the former, you...
Accumulated earnings and profits (E&P) are the earnings accumulated by a company after the payment of dividends to shareholders. It measures a company's ability to pay cash...
You are most likely familiar with the term "Audit." You may have even used it often in a statement. What exactly is an audit, and how is it done?Every organization is governed...
Currently, there are more than 10 million taxpayers who haven’t filed their tax returns (known as non-filers) in the United States. Thanks to a budget increase, the IRS is prepared...