How To Withdraw 401K Money With No Penalty
Some people work very hard and stash their money away in a retirement account. Many choose a 401(k) because employers provide a match incentive to put money there. If you've been diligent with your...
Prepare A 1099 For A Contract Worker
An independent contractor is someone who does work for your company but is not on the company payroll. With an independent contractor, you do not have to pay payroll taxes, benefits and other payments...
How To Determine Taxes On An Ira Distribution
Putting money away in an individual retirement account (IRA) is a wise decision for those who want to one day step away from the working life. It allows money to grow without the encumbrance...
How To File Taxes If Your Status Is Self-Employed
For people who work in conventional jobs, taxes are easy. The employer takes money out of every paycheck and withholds it for the government. At the end of the year, you get a statement...
How To Determine Penalties For 401K Early Withdrawals
Along with individual retirement accounts (IRAs), 401K accounts are designed to provide people with the opportunity to save their money while taking advantage of tax benefits. Contributions to these accounts are tax deductible, allowing...
How To Calculate Payroll Taxes On A Bonus
When your company pays you a bonus, it is done to show you how much your efforts are appreciated. No matter how much in payroll taxes is taken out of your bonus, it is...
How To Write An Employment Verification Letter
If you have employees, then you are eventually going to be asked to provide an employment verification letter. This is generally an informational letter that is concise and contains only basic information. It is...
How To Calculate A Price Markup
When you go to the store and see the prices on the products, those products have already been marked up to generate profit for the store. Profit is the difference between the cost of...
How To Determine State Of Residency For Tax Purposes
When tax time rolls around, smart citizens look to get their ducks in a row, so to speak. Federal tax liability tends to be easy. Most tax advice is geared toward helping people sort...
How To Calculate Property Tax
Property taxes are usually levied by local governments such as towns and counties to help pay for road maintenance, emergency services, libraries and other public services and organizations. Many homeowners have an escrow account...