I am a small business owner in Massachusetts, and I am trying to understand the sales and income tax requirements. Specifically, I need to know if I have physical nexus in my state for sales tax purposes, how often I need to report collected sales tax, how to report it, and how income tax works for my small business. Additionally, I am unsure if I need to make quarterly estimated tax payments and whether it is necessary to elect S-Corp status for my business.

June 6th, 2024

I am unable to pay my tax and need help with the process. I am located in Australia, 31 years old, have a partner, and estimate I might owe around $1000. I want assistance in paying the tax before the due date.

August 26th, 2023

I have $13,271.30 in social security income, $17,100.91 in work income, $1,915 in savings income, and $5,232 in pension income, totaling $48,136 including some interest received. Do I have to pay Federal tax on the whole $48,000?

November 12th, 2024

If my ecommerce business is located in Illinois and I sell a taxable product to a customer whose billing address is in Illinois but whose shipping address is in another state, does this customer get charged sales tax?

November 19th, 2023

What would happen if I file 1099-NEC forms for my contractors late, and what are the potential penalties on my end as the payer?

September 20th, 2023