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Tax Issues for Self-Employed Individuals
- December 20, 2016
- Posted by: Tax USA
- Category: Tax Advice
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The United States is known to be a country of entrepreneurs. There are literally tens of millions of self-employed individuals that enjoy pursuing their dream business but only a few enjoy doing paperwork and confusing tax issues that arise from owning your own business. Many self-employed individuals are considered “sole proprietors” or “independent contractors” for
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Determining Your Tax Status
- October 2, 2016
- Posted by: Tax USA
- Category: Tax Advice
Knowing how to determine your tax status, and knowing the difference between each group will help to make filing your income tax return go smoother. Here we will discuss the ways in which you determine which status to file under.
There are five classifications from which you choose to file: single, married filing jointly, married filing separately, head of household or qualifying widower with dependent child. If for some reason, more than one status applies to you, you should choose the status that gives you the greatest tax benefit.
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