Tax News
Essential One Big Beautiful Bill Tax Changes Every Senior Needs to Know
In recent legislative developments, the Omnibus Budget Reconciliation Bill for 2025 and Beyond (also known as the One Big Beautiful Bill Act, or OBBBA) has introduced significant tax provisions, some…
Read MoreIRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile
Effective Jan. 1, 2021, the optional standard mileage rate used in deducting the costs of operating an automobile for business will be 56 cents per mile, down 1.5 cents from…
Read MoreStandard Mileage Rates for 2018 Up from Rates for 2017
Do you use a vehicle for your business? If you use your vehicle solely for business purposes, then you can deduct its entire cost of operation. If you drive for Amazon…
Read MoreSeattle Business License Tax Due Dates
The date your taxes are due depends on your reporting status. Your reporting status indicates how often you are required to file taxes and is listed on your business license.…
Read MoreMarch 15 Is Tax Deadline For S-Corp And Partnership Extensions
March 15, 2018, is the deadline for filing 2017 S-Corp and partnership tax returns, or extensions. Don’t miss any of these tax filings, it could cost you. The official deadline to…
Read MoreHow Much Is the Property Tax in Seattle?
Rates will start at 1.1% for the amount of a property up to $500,000, according to the Washington State Department of Revenue. The rate of 1.28% will remain for the portion…
Read MoreWhat Is the Sales Tax in Seattle?
9.6% The location code for Seattle is 1726 and the combined tax rate is 9.6%. The 9.6% sales tax rate is collected and then distributed as follows: 6.5% goes to…
Read MoreForm 1096 Due Date in Year 2017 – January 31, 2017
File Form 1099-MISC by January 31, 2017, if you are reporting nonemployee compensation in box 7 such as payments to independent contractors. File Forms 1097, 1098, 1099, 3921, 3922, or W-2G on paper by…
Read MoreStoring tax records: How long is long enough?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they’re…
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