When you process payroll, not only are your employees subject to tax withholding, but your business must pay employer contributions to Social Security, unemployment insurance and Medicare. Most ...

The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

The IRS requires that all taxpayers make periodic payments of income tax during each tax year (the tax year is the same as the calendar year for most taxpayers). These payments are formally known as ...

Learn how to effectively manage your self-employment tax with our comprehensive guide on strategies and tips for minimizing ...