Form 4868 Income Tax Extension: Payments and Penalties

15th April is the due date for filing tax returns but many individuals are not ready or prepared to file their tax returns on this date due to some reasons. Fortunately, the Internal Revenue Service allows the taxpayers to place a request for time extension for filing their tax returns. However, it is to be noted that taxpayers need to place this request prior to the original due date of filing the tax returns i.e. 15th April....

Important Tips on Filing Form 1099 by the Independent Contractors

It is quite easy to view the IRS form 1099 as a representation of a huge liability. This is because the form reports income which has not been taxed as a withholding. It can be unpleasant for individuals to receive form 1099. However, it is important for individuals to set aside the right part of their income during the year ion order to make the payments for their taxes by submitting form 1099. It is also to...

Top 10 Highest Paying Trucking Companies in USA

Truck driving is emerging out to be a great opportunity for getting big bucks. Now the truck drivers are not marginalized in a specific group rather the eager drivers of diverse ages and from diverse class are entering in the field. In today’s scenario earning money is not a big deal and here we list some of the reputed transport companies that pay the drivers towering payment that can appear to many as jaw dropping fact.  6...

What is IRS Tax Form 990? Who Must File Tax Exempt Return

It is mandatory for many tax-exempt units and organizations to file the IRS tax Form 990N annually. This Form is also called IRS 990 e-Postcard and it is basically an informational tax Form. To be brief, this Form offers the IRS a complete overview of the activities of an organization along with the detailed governance and financial information about the organization. This Form also includes a specific section where the organization details or outlines its accomplishments in...

Basic Instructions for IRS Form 4868 Filing Electronically

Very similar to the other aspects of filing tax, filling out the  tax form 4868 extension can be a little difficult. Fortunately, there are always some tips that can help you in learning about the correct procedure of filing form 4868 without being penalized by the Internal Revenue Service. When it comes to form 4868 instructions, it is important for you to follow a step-by-step guide that will help you do so in the right manner. Part...

How to Become a Commercial Truck Driver in USA?

The recent statistics obtained from several surveys are saying that the shortage of truck drivers in the market is hampering the flow of the economy. The transportation system in the United States of America needs a lot of drivers to regulate the heavy goods vehicles to make the cargo packers and communication companies.  Here’s the analysis report made by American Trucking Association on this matter: Truck Drivers Shortage Analysis Report Working in the United States of America...

Filing Tax Extensions for Partnership and Corporate Taxes

All corporations, irrespective of the fact that whether they are subject to paying taxes under Subchapter S or C of the Internal Revenue Code, have this legal obligation of filing their yearly tax returns with the IRS. It is to be noted that this filing compulsion is not conditional on corporations earning a taxable income. The corporations that happen to incur major losses also need to file their tax returns within the due dates. Nevertheless, if these...

Risks for 1099 Employees and Independent Contractors

At present, the IRS is found challenging the status of all those workers with the status of Independent Contractors. Between the years, 1988 and 1992, the Internal Revenue Service reclassified over 400,000 Independent Contractors as employees. By doing this, the IRS collected around $52.5 million as taxes. During the year 1992, the IRS conducted nearly 1,700 business audits and reclassified around 90,000 workers as employees. By doing so, the IRS was successful in collecting $19 million as...

Best Truck Driving Schools in the U.S

Searching and selecting a truck driving schools in the U.S. is an obvious question for all the initial beginners. While selecting the schools there are few things one must go through before enrolling to the certain driving course. The first and foremost consideration should be whether it’s an accredited training institution or not. The institutions that meet the Professional Truck Driver Institute standard are the most reliable ones. Now the charge the school is taking from the...