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Does Kentucky follow the federal extension?
The State of Kentucky recognizes a properly filed Federal tax extension (IRS Form 4868). Therefore, if you have a valid Federal extension, you will automa...
Category: General
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Is agriculture business taxable?
Agricultural income is not taxable under Section 10 (1) of the Income Tax Act as it is not counted as a part of an individual’s total income. However, the...
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How do I get my 1099-G from Missouri?
You can obtain your 1099-G amount on-line at or by calling the Missouri Department of Revenue at 573-526-8299, 24 hours a day, 7 days a week. You will nee...
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How do you add 8 sales tax to a price?
Convert the sales tax percentage into a decimal figure. Take the percent number and imagine a decimal point after it. Now move that decimal point two spac...
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How do you change non-exempt to exempt?
When changing an employee’s classification from non-exempt to exempt, employers should first make sure the employee meets all applicable exemption criteri...
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What is the qualified dividends and Capital Gain Tax worksheet used for?
The worksheet is for taxpayers with dividend income only or those whose only capital gains are capital gain distributions reported in box 2a or 2b of Form...
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What is the difference between personal and business banking?
The difference between Personal banking and Business banking is that personal banking accounts are initially only used for self-use or personal use. In co...
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How do I find out my local tax withholding?
5. Compute local income tax based on guidelines Flat rate (percentage): Multiply the flat rate by the employee’s taxable wages. Dollar amount: Subtract th...
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What causes liabilities to decrease?
When the company borrows money from its bank, the company’s assets increase and the company’s liabilities increase. When the company repays the loan, the ...
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How can I get a copy of my 2016 W-2 Online?
Transcript You can get a wage and income transcript, containing the Federal tax information your employer reported to the Social Security Administration (...
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Is software development a specified service trade or business?
No, he is NOT a SSTB. He is not one of the SSTBs that are listed in IRC §1202. Therefore he is a qualified business and not a SSTB. What is a specified tr...
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Are Aetna disability payments taxable?
Disability insurance benefits are tax-free if the policy was paid for with after-tax dollars. That prevents you from being taxed twice. While disability i...
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What should a catering invoice include?
The name of the client, their company, their billing address, and their phone number should be among the first things listed on your catering invoice. Und...
