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How To Fill Out Form W-4

US Business Law / Taxes: Most Popular Articles

These articles are the most popular over the last month.
How (and When) to Prepare Tax Form 1096
Describes how to submit Form 1096 for 1099-MISC and other information returns.
How to Prepare 1099-MISC Forms - Step-by-Step
Describes the information you need and the process of completing the 1099-MISC form for non-employee workers.
Social Security Maximum - Updated for 2015
Describes the Social Security tax for employees and employers, including the annual maximum social security tax and how the maximum social security tax is determined.
Note These Filing Deadlines for 2014 Business...
Here is a list of the federal income tax return due dates for sole proprietorships, LLCs, partnerships, corporations and s corporations.
Want to Deduct Your Business Mileage? You'll...
IRS Standard Mileage Rates for each year from 2009 to the current year.
Disregarded Entity - Clearing up the Confusion
Definition of a disregarded entity as a business entity which elects not to be separate from its owner for tax purposes.
How to Calculate Withholding Amounts for...
How to calculate federal income tax (FIT) withholding from employee paychecks.
Hiring Freelancers? Don't Forget This Tax Form.
Describes Form 1096 - Annual Summary and Transmittal of U.S. Information Returns
Should Your Employees Be Salaried or Hourly?
Salary vs. Hourly pay for employees. How to calculate salary and hourly rates. Overtime exemption.
What Kind of Partnership Do You Want to Start?
Partnership Types: Limited Partnership, Limited Liability Partnership, General Partnership and Limited Liability Company
How is Gross Pay Calculated?
Gross Pay. US Business Law / Taxes.
What's the Corporate Tax Rate in America?
A chart showing the corporate tax rates - the federal income tax rate charged to corporations, based on level of income reported on corporate income tax Form 1120.
What's the difference between tax avoidance and...
The difference between tax evasion and tax avoidance
Calculating Cost of Goods Sold - Step by Step
This article takes you through the process of determining cost of goods sold for your business tax return. Knowing the cost of the goods you sell allows you to take a larger tax deduction
2014 Mileage Rate for Business Taxes
The IRS has announced the 2014 mileage rates for taxes, for business travel, medical/moving, and volunteer travel.
How to Calculate Gross Pay for All of Your...
How to calculate gross pay for hourly and salaried employees, including overtime calculation.
What Is a 1099-MISC?
Describes a 1099-MISC form, how it is filed and how the recipient includes it in his or her income taxes.
Before You Shake Hands with Your First New Hire...
This article lists the forms you must have a new employee complete, including the W-4 form, state income tax withholding form, I-9 form, and a job application form.
Need Info on Taxes in Your State? Start Here.
Find information on taxes in your state by using this listing of state departments of revenue
Form 941 for Payroll Taxes - Due Dates -...
Form 941 is the quarterly tax return for payroll taxes. Due dates, how to complete, and current changes.
3 Ways to Identify Yourself to the IRS
Difference between a tax ID number, EIN, and ITIN
What's a Capital Contribution? How Does a...
A capital contribution is money a business owner contributes to a business. How a capital contribution works and why it's different from an owner loan.
Travel for Business? How to Calculate Business...
Here is a brief overview of how to calculate mileage expense for business.
What Happens If I Don't Pay Employees?
Attorney Michael Helfand discusses the legal obligation of employers to pay employees, and what happens if employees are not paid.
How Depreciation Affects Business Taxes
What is depreciation, how is depreciation calculated, and how depreciation affects business taxes. Includes bonus depreciation and Section 179 deductions.
How to Make Sure the IRS Receives Your Tax...
How to be sure your federal tax return is filed before the deadline and received by the IRS.
How to Apply for an Employer Identification...
Here are the steps for completing the Form SS-4 to get a Tax ID Number for a new business.
What Does an Indemnity Agreement Look Like?
Indemnity agreements - what they are, how they work, where are they found in contracts and insurance contexts.
What business type is best for my company?
Discusses different types of business entities and which is best for different kinds of businesses
Running a Corporation? You'll Need This.
Schedule K-1 is used to show income/loss for individual partners in a partnership or (different form) individual shareholders in an s corporation. A partnership schedule K-1 shows the partner share of income/loss from a partnership. An S corporation K-1 shows individual shareholder income/loss.
I Received a 1099-MISC Form - What Do I Do With...
You received a 1099-MISC form. What to do with it, how to include this form with your personal taxes, and how taxes are paid on this income.
What Employers Should Know About the W-3 Form
Describes the W-3 form. US Business Law / Taxes.
How to Make Sure You Get Paid for Work - What...
Tips for independent contractors and freelances, to make sure you get paid by clients, and what to do if you don't get paid.
The Simple Way to Calculate FICA Tax Withholding
How to calculate the deduction for FICA taxes from employee paychecks.
Your Business Employer ID Number - Explained
Describes an Employer ID Number. US Business Law / Taxes.
What Is Litigation?
Litigation definition. US Business Law / Taxes.
Can I Deduct Commuting Expenses?
Defines commuting expenses and describes what car/truck expenses a business owner can deduct for commuting and which cannot be deducted.
Statutory Employee
Statutory employee. US Business Law / Taxes.
4 Types of Pay Periods Defined
Pay Period. US Business Law / Taxes.
3 Tools for Calculating Paycheck Deductions
Employee paychecks start out as gross pay, but then you must deduct amounts for federal income tax, FICA tax, state and local tax, and other deductions.
Sole Proprietorship? Here's How to Complete...
Instructions on how to complete Schedule C for a Sole Proprietorship or Single-member LLC - for Form 1040.
Can My Business Deduct Charitable Contributions?
Discussion of how charitable contributions are deducted by businesses.
The Special Tax Only Some Businesses Pay
Excise Tax. US Business Law / Taxes.
How to Deduct Meals and Entertainment as...
Deducting business meal and entertainment expenses, including the 50% limit and how it's applied, and how to keep records on meals and entertainment.
How is Tax Nexus Determined?
Describes the term. US Business Law / Taxes.
When Does the Fiscal Year End?
How to determine the date for your company's fiscal year end.
4 Things Explained by Cost of Goods Sold
Cost of Goods Sold. US Business Law / Taxes.
Fiduciary - Fiduciary Responsibility
A fiduciary responsibility and the person who is a fiduciary
I.R.S. - Internal Revenue Service
What is the I.R.S. US Business Law / Taxes.
How to Include Business Tax Information on Your...
How to include your business tax information in your personal tax return, with emphasis on Schedule C, Schedule K-1, and Schedule SE
Own a Business? Here's How to Pay Yourself
How business owners are paid. Business owners don't take a salary but are paid from profits. How corporation business owners are paid.
11 Things You Need Before You Can File Tax Form...
Describes the information needed to prepare Form 1065 for a partnership or multiple-member limited liability company (LLC).
2 Reasons to Call Your Company a Disregarded...
Describes what business types are considered disregarded entities.
How to Pay State Sales Taxes in 8 Steps
How to collect state sales taxes from customers, file state sales tax returns, and pay sales taxes you have collected
LLC Member Capital Contributions
About LLC member capital contributions, including requirements for initial contributions, how the operating agreement works with member contributions, how contributions are disbursed, and member loans vs. contributions.
9 Resources for Hiring Independent Contractors
If you are considering hiring an independent contractor, here are some tax considerations and employment agreements you should should know about.
How (and Why) to Use a Purchase Order
Defines a purchase order and describes the parts of this order.
What's the Right Way to Report Employee Income?
Explains the difference between using a W-2 to report income to employees and a 1099-MISC to report income to independent contractors.
4 Things to Know About the W-4 Tax Form
Form W-4 -- Employee's Withholding Allowance Certificate
Where to Get W-2 Forms
How to get W-2 forms to prepare and distribute to employees.
What Makes a Good Contract or Agreement?
What you need to know about business contracts and agreements, including the difference between a contract and an agreement, how to read a contract, which types of contracts must be in writing, essential elements of a contract, and what makes a contract valid.
Thinking About Employee Gifts or Bonuses? Read...
Business gifts have tax implications. For example, gifts to employees may be taxable to the employee and may be deductible to the business. Gifts to customers and business partners and associates may also be taxable, and you may not be able to take a tax deduction.
Form 1099-MISC - What Employers Need to Know
All about Form 1099-MISC: What is a 1099 tax form, what is a 1099 used for, how to complete the form, and more.
What is an Independent Contractor?
Independent Contractor. US Business Law / Taxes.
Want to Get Paid? You'll Need One of These.
Describes an invoice. US Business Law / Taxes.
What Is a business budget?
Creating a budget for your business works the same way as a personal budget.
Start Your Schedule C for Small Business Taxes
Basics on IRS Schedule C Profit or Loss from Business for your small business. Schedule C is included in IRS Form 1040, your personal tax return.
How a Business Partnership Works
A Partnership is a legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners.
3 Definitions of Business Capital
Capital definition. US Business Law / Taxes.
Want a Business Loan? First, Check the 4 C's of...
Describes the four C's of credit - character - capacity - collateral - capital - and how to use credit to get a business loan.
How do I prepare and file Form W-3?
How to prepare and send Form W-3, the transmittal document for W-2's, to the Social Security Administration.
How Business Losses Work to Offset Income
How business losses affect business owner tax returns, and how business losses may be limited, depending on business type.
What You Need to Know About Per Diem Rates
Defines per diem rates for business travel, how per diem rates are determined, how the General Services Administration sets per diem rates.
The Employer's Guide to FICA Taxes
FICA taxes explained. US Business Law / Taxes.
Why Not All LLCs Pay Taxes the Same Way
Describes how a single-member limited liability company or multiple-member limited liability pays income tax.
Why You Shouldn't Pay Employees in Cash
Paying employees and independent contractors in cash doesn't mean evading payroll taxes. Some issues to consider for paying in cash, and how the IRS looks at cash payments.
All About Your Employer ID Number (EIN)
Everything you need to know about Federal Employer ID Numbers (EIN): What is an EIN, When do you need one, how to apply, how to complete the application on Form SS-4, how to change an EIn, and how to cancel an EIN.
Should My LLC be Member-Managed or Manager-mana...
Discussion of pros and cons of having a member-managed LLC or a manager-managed LLC.
Sole Proprietor? Or Independent Contractor?...
Difference between a sole proprietor and an independent contractor. They are essentially the same: A sole proprietor files income taxes on Schedule C. An independent contractor receives income on a Form 1099-MISC. Income from a 1099 can be included in a Schedule C.
How do I Prepare Schedule K-1 for a Partnership...
How to prepare Schedule K-1 for a partnership or s corporation
How to Understand All the Parts of a W-2 Form
Definition and description of a W-2 form.
How to Prepare Schedule C for Form 1040
This article contains information on Schedule C, including Schedule C form, Schedule C-EZ, Schedule C instructions, how a husband-wife partnership can become a qualified joint venture and how to file Schedule C forms for this business, and how to add schedule c to form 1040.
Useful Deadlines for Annual Wage and Tax Reports
This article takes you through the process of preparing and filing annual wage and tax forms W-2 and 1099-MISC, and transmittal forms W-3 and 1096.
LLC or Corporation: What's the Right Choice?
Should you choose an LLC or corporation for your business? A discussion of features of limited liability company (LLC) and corporation - differences and similarities.
Before Preparing Form 1099-MISC - Read This First
This article provides information for employers on how to submit Form 1099-MISC, including how to prepare the form, due dates, and common mistakes.
Do I Need to Collect Sales Tax for States Where...
Discussion of whether a business selling products or services in several states must collect sales tax.
The Difference Between Real and Personal Property
Personal Property. US Business Law / Taxes.
Is Arbitration Better than Litigation?
Describes the arbitration process vs. the litigation process, with points of differences and similarities.
How to Create a Sources and Uses of Funds...
Describes how to prepare a simple sources and uses of funds statement
Taking the Mystery out of Depreciation...
Shows methods for calculating depreciation
10 Payment Types That Are Exempt from FICA Tax
Discusses which types of payments to employees are exempt from FICA (Social Security/Medicare) tax.
How Do I Calculate Estimated Taxes?
Ways to calculate estimated taxes for a self-employed business owner filing business taxes using Schedule C and previous tax years.
Who Must Be Paid Overtime and When - Federal...
Overtime/Overtime Pay. US Business Law / Taxes.
The Employer's Guide to W-2 Wage and Tax...
Describes how to gather information and prepare W-2 Wage and Tax Statements.
What is the Principal of Your Loan?
Principal on a loan. US Business Law / Taxes.
What Makes an LLC Different?
Limited Liability Company LLC. US Business Law / Taxes.
How to Have Your LLC Taxed as a Corporation
How to file an entity election for an LLC on Form 8832.
Important Tax Info for LLCs
Lists all the taxes a limited liability company pays including income taxes, self-employment taxes and employment (payroll) taxes, sales and excise taxes, and property taxes.
What is a Reasonable Salary for a Corporate...
Salaries for corporation officers must be reasonable. What does that mean? Some considerations for paying corporate officers.
Did You Forget W-2 Forms and 1099-MISC Forms?...
Describes the late filing penalties for wage and tax statements on forms W-2 and 1099-MISC.
Before Submitting Form 1099-MISC - Check for...
Common errors in completing Form 1099-MISC and other types of 1099 forms and how to avoid them.
What Products and Services are Subject to Sales...
How to determine what products or services are subject to sales tax in your state.
Per Diem - Per Diem Rates
Per Diem Definition and Per Diem Rates
The Difference Between Capital and Operating...
Capital expenses US Business Law / Taxes.
Understanding Taxes and Liability as a...
A tax attorney's discussion of tax and liability issues for a disregarded entity.
Filing an Extension Application for Corporate,...
This article describes Form 7004 application for automatic extension of time To file certain business income tax returns.
How Sole Proprietors Pay Themselves
How a sole proprietor gets paid, by taking a draw from the business checking account. How taxes are paid on the sole proprietor's income.
7 Things Every Employer Should Know About FICA...
All about FICA taxes, including what they are, how to calculate them, OASDI, limits on FICA withholding, and more.
Is It Smart to Loan Your Business Money?
Describes the two ways you can give money to your business - loans or investments
Correcting a W-2 Form - The Right Way
How to submit a W-2C and W-3C. US Business Law / Taxes.
Form I-9 for employment verification -...
I-9 Form - I-9 Immigration Form. US Business Law / Taxes.
2 Types of Business Leases Compared
Choosing capital leases vs. operating leases for business equipment leases: capital leases for long-term and operating leases for short term, with other important differences.
Not Everyone Who Works for You Is an Employee
The IRS sets requirements for categorizing workers as independent contractors or as employees. Here is a brief discussion of the distinctions.
The Employer's Guide to Dealing with Payroll Tax
All about payroll taxes: What are they? How are they calculated? How are they paid? What are payroll tax reports? When do you file payroll tax reports? How do you file payroll tax reports?
When is Form 941 Due?
When to file Form 941, the federal quarterly payroll tax return. If you make timely deposits in full payment, you have more time to file.
What Does the Term 'Employee' Mean, Anyway?
Describes an employee. US Business Law / Taxes.
What are the Tax Advantages and Disadvantages...
An LLC has some advantages, from a tax standpoint, but it also has some disadvantages. This article describes both the advantages and disadvantages of an LLC so you can get more information on which to base a decision. The taxes for an LLC are compared to the taxes paid by a corporation or by the owners of a corporation.
Where to Get W-2 Forms and 1099-MISC Forms
Where to get W-2 forms and 1099-MISC forms for annual reporting to employees and contractors. And where NOT to get these forms.
Filing Corporate Taxes? Here's How to Use Form...
This article provides a general outline of the information required on Form 1120 - U.S. Corporation Income Tax Return, including schedules.
What Does it Mean to Be Self-Employed?
Self employed, Self-employment. US Business Law / Taxes.
Understanding the Member Role in an LLC
Member of a Limited Liability Company
Want to Start a Business? Do These 8 Things.
First steps to starting any business: Begin with a business name, then a location, then go on to registering, financial, legal and marketing tasks.
I Didn't Get Paid! What Can I Do?
How to deal with non-payment by employer and make sure you get paid for your services, either as an employee or as an independent contractor. You will need proofs, or a contract. Sometimes you will have to take the party to court to get paid.
What is an Affiliate in the Business World?
The term affiliate has two general definitions in business contexts - in corporate law and taxes, and in online retailing.
Who Must Receive Form 1099-MISC - Clearing Up...
Who must receive a 1099-MISC form from an employer? Everyone who has been paid $600 or more in the previous year. There only a few exceptions, noted here.
Petty Cash - Why It's Important to Your Business
Petty cash - what is it? Why is petty cash important to your financial system? How petty cash affects taxes. How to set up a petty cash system.
Setting up a Payroll System for Your Business
Create an earnings report for each employee and report gross earnings, withholding and deduction amounts, and net pay for each payroll and for year-to-date. Page 6.
Benefits to E-filing Forms W-2 and 1099-MISC...
Benefits of electronically filing W-2 forms for employees and 1099-MISC forms for non-employees, including details on how to set up e-filing for these forms.
Employer's Guide to Payroll Tax Deposits
Discusses when to make payroll tax deposits.
I Have Some Questions About Business Mileage...
Discussion of business mileage, including standard mileage vs. actual, how to calculate business mileage, and answers to questions about business mileage.
What to Include in a Partnershp Agreement
Partnership agreement terms. US Business Law / Taxes.
What's the Difference Between Commuting...
The IRS allows businesses to deduct expenses for business travel by owners and employees, but no deductions are allowed for commuting expenses.
Everything You Need to Shrink Your Business Tax...
Here is a discussion of how to calculate your home business space deduction
22 Common Business Expenses You Can Deduct - So...
Lists small business tax deductions, including accounting, home office, car and truck, travel, employee benefits, meals and entertainment. benefits,
How to Take a Debtor to Small Claims Court
If you have a customer who owes you money, you may have considered taking this person to small claims court. Here are the details of the small claims process.
Cash Flow
Cash Flow. US Business Law / Taxes.
8 Important Facts about Self-Employment Taxes
All about self-employment taxes.
What Does a Corporate Board of Directors Do?
Describes the duties of a Board of Directors for a Corporation including board fiduciary responsibility
Do You Know How to Use This Inventory Costing...
FIFO is a method of costing inventory for accounting purposes. Learn more about what FIFO stands for.
Depreciable Assets
Depreciable assets. US Business Law / Taxes.
Sole Proprietor Businesses - What You Need to...
All about sole proprietors - what is a sole proprietor and sole proprietorship, how to start a sole proprietorship, taxes for a sole proprietor, income tax for a sole proprietor, advantages and disadvantages of a sole proprietor form of business.
How Do I Search for a Business Name and Reserve...
Before you incorporate a business or form an LLC in a state, you must check on the availability of the name by doing a business name search. If you don't want to file incorporation or LLC documents immediately, you can then reserve a business name with the state.
Capital Improvements - Capital Expenditures
Capital improvements, Capital Expenditures
No, Not All Property Is 'Real'
Real Property. US Business Law / Taxes.
Payroll Taxes
Payroll Taxes. US Business Law / Taxes.
Preparing Schedule SE for Self-Employment Tax...
Instructions on how to complete Schedule SE for self-employment tax calculation for a Sole Proprietorship or Single-member LLC - for Form 1040.
Section 179 deductions for increased depreciati...
Section 179 deductions for purchase of new and used equipment have been extended at a maximum of $500,000 through December 31, 2014.
Why Do I Need a Personal Guarantee for a...
Attorney Susan Dawson answers the question:
2 Ways Owners Equity Can Be Expressed
Definition of owners equity. US Business Law / Taxes.
Individual Taxpayer Identification Number (ITIN)
ITIN - Individual Taxpayer ID Number

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