When it comes to your federal income taxes, you pay the same rate no matter where you live, but each state – and sometimes locality – can set its own tax rules that apply to its residents. That means the…
When you file a tax return for your small business, one of the questions on the form asks about your accounting method: cash or accrual. This applies whether you’re a sole proprietor filing on Schedule C, a partnership or LLC…
In 2011, American businessman and investor Warren Buffett wrote an op-ed for the New York Times in which he famously claimed he pays a lower tax rate than any of the other 20 people in his office — including his…
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