In the United States, there are four main types of business taxes that the federal government administers. Business owners or managers should be aware of their responsibilities in paying each type of tax, as well as any additional taxes they may have to pay at the state
If you’re a budding entrepreneur, you’ve no doubt asked yourself, “How much money do I need to start my business?” This is a question that every single person who has ever started a business has asked themselves, so you’re in good company. While there are different initial costs
While businesses are only required to file an income tax return once a year, there are several other factors to consider when discussing business taxes. One of these is the due date of the business’s tax return which is dependent upon the structure of the
Owning a business is a dream that many people share. When you are going to be a business owner, it is important to understand all of the expenses that your company will incur. One cost that a lot of business owners do not always think
Starting a small business is an exciting experience. After weeks, months, or even years of planning, you are finally getting to see your dream become a reality. But amid all the anticipation, it is important to take care of the legal side of the process.
In the simplest terms, it’s a form that lenders use to verify you filed a tax return and confirm the income you reported on your mortgage application. On the other hand, it can also prove that you didn’t file a tax return. It sounds simple
When you’re applying for a mortgage, auto or business loan, you’ll be asked for a variety of documents to prove your income. The lenders will typically ask for your credit history, information on your debt, recent paystubs, legal documents like divorce decrees and your tax information.
From time to time a person is asked to prove his or her income by producing tax returns. This is why tax preparation experts recommend holding on to tax returns for several years. But what if a person doesn’t have copies of his or her
If you’re in the process of applying for a mortgage, it’s likely you’ve been providing the underwriter with lots of documents. Mortgage companies typically ask for pay stubs, legal documents, and bank statements to verify your financial well-being. The mortgage underwriters may want more information
Banks have become more cautious than ever since the mortgage crisis, so they are no longer able to simply ask if a person has the ability to repay a loan. There are many people able to provide enough information without resorting to the bank asking