Taxation

How Much Does It Cost to Get a Tax ID Number in Texas?

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How much does it cost to get a tax ID number in Texas? To obtain an EIN for your Texas business, you must file a Form SS-4. There is no fee for applying for an EIN. Read more on www.texasregisteredagent.net Getting a tax ID number is one of the procedures needed to launch a business … Read more

Tax Guide for Musicians: How Much Taxes Do They Pay?

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How much taxes do musicians pay? If you are currently a working musician, then royalties and placements are all taxed at the self-employment tax rate. If you are no longer working as a musician and are still receiving royalties for prior work, those are taxed at the lower, ordinary income tax rate. Read more on … Read more

How to Report Income on Airbnb on Your Taxes

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How do I report income on Airbnb on my taxes? Most Airbnb hosts would likely report their income on a Schedule E. The Schedule C is used to report business income. In short, you would use Schedule C to report your Airbnb income if you treated your rental property like a business. Read more on … Read more

Nevada Sales Tax Reciprocity: What You Need to Know

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Is Nevada a reciprocal state for sales tax? Is there a credit for Sales or Use Tax paid to another state? Yes. Nevada does recognize Sales Tax paid to another state. Read more on tax.nv.gov It is crucial to become familiar with Nevada’s sales tax regulations if you intend to conduct business or transact in … Read more

Do You Have to File Taxes for DoorDash? A Comprehensive Guide

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Do u have to file taxes for DoorDash? Yes – Just like everyone else, you’ll need to pay taxes. If you earned more than $600 while working for DoorDash, you are required to pay taxes. It doesn’t apply only to DoorDash employees. Read more on www.ageras.com You might be wondering whether you have to file … Read more

Washington State Sales Tax: Everything You Need to Know

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Does Washington have a sales tax? Washington’s retail sales tax is made up of the state rate (6.5 percent) and the local sale tax rate. Local rates vary depending on the location. The sales tax rate for items delivered to the customer at the store location (over the counter sales) is based on the store … Read more

Understanding Letters from the Texas Comptroller of Public Accounts

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Why would I get a letter from the Texas Comptroller of Public Accounts? The Comptroller will consider issuing a private letter ruling when taxability guidance in statutes, rules or other controlling authorities does not exist or is not clear. The person requesting the private letter ruling needs to explain why such guidance is lacking. Read … Read more

Sales Tax vs. Local Tax: Understanding the Differences

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Is sales tax same as local tax? States rely on sales taxes more than local governments do. States collected $457 billion from sales taxes in 2017, or 35 percent of their own-source general revenue (table 1). Local governments collected $124 billion from sales taxes in 2017, or 11 percent of their own-source general revenue. Read … Read more