What Happens if You Don’t File Taxes?

What Happens if You Don’t File Taxes?

This guide on “what happens if you don’t file taxes” is for those lazy and busy people who forgot to file their taxes. But now, they are worried about penalties and fines. So, no need to burden yourself due to tax tensions. We have made it easy for you to understand the consequences of not … Read more

Difference Between w2 vs. w4

w2 vs. w4

Do you want to learn about W2 and W4 forms in the IRS? What are the benefits of using them? You know that paying tax is a compulsion in the United States. There are ways to withhold the tax through w2 and w4 IRS forms. To know more, know the w2 vs. w4 form (Difference). … Read more

Do You Need to Pay Taxes on Life Insurance?

Do You Need to Pay Taxes on Life Insurance?

Is life insurance taxable? As a rule, on getting death benefits, the life insurance beneficiary isn’t considered taxable. So, the recipient becomes devoid of paying tax on it. But if the insurer was receiving interest, then there will be a need to report it.  In some circumstances, taxes are payable on all or a portion … Read more

S Corp vs. C Corp: Differences & Benefits

S Corp vs. C Corp

Are you looking to choose between S Corp and C Corp to start your business? Although the comparison of S Corp vs. C Corp is difficult, we’ll try our best to clear everything. No one entirely knows about these two legal structures that are suitable for their business. For a new company, there are many … Read more