There is a new filing required starting January 01, 2024 called a report of Beneficial Owner Information (BOI). This is NOT an income tax form. It is an online filing where ownership and control of an entity is reported. The purpose of the report is...
What is self-employment tax? Don’t get surprised by self-employment tax. When you are an employee of a company, you get three types of federal taxes withheld from your paycheck: income tax, social security tax and medicare tax. When you are self-employed, you no...
