If you're an independent contractor, don't forget to plan for and pay your taxes. Here are some of the basic rules you need to understand. https://t.co/Z5Eyq91Q49
Create a list of tax forms you expect to receive. Then check them off as you receive them to make sure none of them are missing. https://t.co/S270PUsTqA
Charitable deductions are frequently challenged or denied during an IRS review. Protect your deduction by understanding the documentation and requirements before making a donation. https://t.co/kkIHeXE0mv
The amount of your tax bill is often dependent on your age and the age of your children. You need to plan accordingly. Here are the details. https://t.co/edDcxT9GGW
If you're age 70 or older, you can transfer up to $100,000 (or a total of $200,000 for joint filers) directly from your IRA to a qualified charitable organization without paying any tax. https://t.co/L9j2m5CGSi
Pass-through entities such as S corporations and certain partnerships offer legal protections and avoid double taxation. Does it make sense for your business? https://t.co/EPKPjetytc
The ensure you're ready for an audit, tax returns should be kept indefinitely and supporting documents should be kept a minimum of three years. https://t.co/xxddWI5zJi