March 13, 2023 at 9:56 PM
Internal Revenue Service (IRS): Services, Organizational Structure, and Criticism
PHOTO: GETTY IMAGES What is IRS?The Internal Revenue Service (IRS) is a government agency in the United States responsible for collecting taxes and enforcing tax laws. It was established in 1862 and o...
March 13, 2023 at 9:35 PM
What is the Purpose of Form 1099?
The purpose of Form 1099 is to report the income to the IRS and to the recipient of the income. There are many different types of Form 1099, each used to report a different type of income, such as For...
March 13, 2023 at 10:17 PM
Tax Identification Number: How to apply?
PHOTO: hamburg.com What is Tax Identification Number?A Tax Identification Number (TIN) is a unique identification number assigned by the Internal Revenue Service (IRS) to individuals and businesses fo...
March 13, 2023 at 10:29 PM
Things You Should Know About Savings Incentive Match Plan for Employees (SIMPLE) IRA
PHOTO: m1.com What is a SIMPLE IRA? A SIMPLE IRA (Savings Incentive Match Plan for Employees) is a type of retirement plan that allows small businesses with fewer than 100 employees to offer a retirem...
March 13, 2023 at 10:39 PM
How to Make the Most of Payroll Deduction Plan?
What is Payroll Deduction Plan?A Payroll Deduction Plan is a program offered by an employer that allows employees to authorize the company to deduct certain amounts of money from their paychecks to co...