2022 Tax Refund: How's It Different This Time?
The U.S. tax season officially started on January 24, 2022, and since then, the IRS has been hard at work processing tax returns and sending out tax refunds. For those that filed early, their refund...
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The Incfile Blog
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IRS Official Tax Season Has Kicked Off: Here's Everything You Need to Know
It’s that time of the year when business owners across the country start preparing to file their taxes. For many, 2020 has been a difficult year, but the U.S. government has played a supportive role...
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2019 Tax Preparation Checklist: How Does COVID-19 Change Your Taxes?
Under normal circumstances, most businesses would be in the process of closing out their books for 2019 and working their way through a 2019 tax preparation checklist. However, 2020 has brought on...
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Freelance Taxes: How Much to Budget When You’re Self-Employed
As a freelancer, you'll need to be sure to set aside a percentage of your business revenue for taxes. And while paying self-employment and estimated taxes when you freelance are a given, the exact...
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Renting Out Your Home? Here Are Some Tax Rules
Renting out your home for part of the year can be a solid way to earn passive income during the summer months or for the busy tourist season. But before you do so, you’ll want to be aware of the tax...
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1099-NEC and 1099-MISC: What's New for 2022
Beginning in 2020, businesses were reintroduced to the 1099-NEC filing form. Since 1982, which was the last year Form 1099-NEC was utilized before its return, business owners relied on Form 1099-MISC...
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Important: S Corporation Filing Deadline and Extensions
If you’ve recently formed your small business as an LLC with an S Corporation, congrats! You can now enjoy the tax benefits that come with having a pass-through business entity, along with the legal...
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How to Manage Your Taxes as a Freelance Software Developer
Working for yourself as a freelance software developer has a lot of awesome perks: unlimited earning potential, the freedom to choose interesting projects from clients you enjoy working with, the...
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Insights on the Texas State Franchise Tax
Small business owners should be well aware of state requirements for annual reporting, which can include franchise taxes. A franchise tax is something all entrepreneurs have to pay as the...
