Outsourcing Finance & Accounting Services means outsourcing one of the most crucial parts of your business. So, should a company outsource its significant functions by trusting external resources? Outsourcing refers to the process of hiring individuals or agencies to support you with various services and business operations. It may include IT & Technology, Administrative, Ecommerce,...
What is Form 1040? Form 1040 is the most common tax form. It’s used to report your income, calculate your taxes and claim any deductions or credits you may be eligible for. This is filled by individual taxpayers which separates it from other tax forms in the USA. Form 1040 comes with various schedules need...
A US resident trying to find out how to file Form 1040 for your Individual Tax Returns? Let us help you! Form 1040, also known as US Individual Tax Returns, is one of the many information returns issued by the IRS. All individual taxpayers in the USA need to file this form. The IRS...
Almost everything around the world has been digitized. Be it sending money, receiving money, paying for bills, paying taxes, or even filing for taxes. And just like we have all embraced the other digitalization, why not file the tax returns too? E Filing the tax forms are much more convenient because of various reasons such...
Just like individuals and corporations, partnership firms and LLCs also have to file their income tax return in the US. And just like others, the IRS has prepared a separate tax form for them; that is, Form 1065. It is the most important annual tax form for every partnership firm and they must file it...
If you are residing in the USA or are running your company, then you must have heard about Form 1120. However, what becomes tricky here is the fact that there are various types of 1120. 1120-C, 1120-F, 1120-H, 1120-L, 1120-POL, and 1120-S are some of the examples. In this blog, we will be talking about...
Just like any other country, the USA is also strict about the timely submission of taxes and tax returns. This means that any individual, whether resident or non-resident, individual or corporation must fill the tax forms. However, it is not as simple as it sounds to fill out the tax or tax return forms because...
Schedule E is one of the many schedules and helps in explaining the supplemental income/losses occurred to an individual in the US. This schedule is filled and submitted along with Form 1040, used for Federal Individual Income Tax Return. Income or loss from rental real estate, estates, partnerships, royalties, S Corporations, trusts or residual interests...
The tax season is here, and if you own a USA corporation, then you must be aware of Form 1120. But the complexity arises when you realize that there are various 1120 forms and the requirements of all different. So, in this article, we will be covering what is Form 1120, who files it and...
Form 1099 B is one of the many 1099s by the IRS that businesses need to issue for voluntary tax compliances in the USA. This form is also known as Proceeds from Broker and Barter Exchange. As the name itself suggests, this form reports the transactions handled by brokers. This form records the capital gains...
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