Tax News
IRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile
This is post 3 of 3 in the series “Standard Mileage Rate” Standard Mileage Rates for 2018 Up from Rates for 2017 2021 Standard Mileage Rates Announced (Rates Take Into Account 2020 Fuel Costs) IRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile Effective Jan. 1, 2021, the optional standard mileage rate…
Read MoreStandard Mileage Rates for 2018 Up from Rates for 2017
This is post 1 of 3 in the series “Standard Mileage Rate” Standard Mileage Rates for 2018 Up from Rates for 2017 2021 Standard Mileage Rates Announced (Rates Take Into Account 2020 Fuel Costs) IRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile Do you use a vehicle for your business? If you…
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. If you do not know your reporting status, contact us. This video summarizes Seattle business license tax due dates for each reporting status. You pay…
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 file your federal income tax return each year can be a little shifty. Yes, it’s supposed to be April 15—unless something interferes with that timing…
Read MoreHow Much Is the Property Tax in Seattle?
This is post 1 of 2 in the series “Seattle Taxes” How Much Is the Property Tax in Seattle? How Do You Calculate Your Seattle Property Taxes? 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…
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 the state of Washington. 2.7% goes to the City of Seattle. http://dor.wa.gov/content/fileandpaytaxes/fileoramendmyreturn/retailing/retailingact_statesalestax.aspx People also ask: How much is the property tax in Seattle? What is…
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 February 28, 2017, or March 31, 2017, if filing electronically. People also ask What is the deadline for 1099 forms to be mailed? What is…
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 safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent…
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