Paystubsnow Blog

Whether you are a contractor or an employer utilizing the services of a independent contractors, it is essential to pay attention to the way taxes are handled. While contractors are not by definition employees, an employer is required to issue a form 1099-NEC to all eligible contractors who paid more ...

When tax time rolls around, it can be a confusing and stressful period for individuals and businesses alike. There are a number of documents to gather, calculations to be made from your paystubs, and filings to be completed. The last thing anyone wants is to face penalties from the IRS ...

Did you know that the United States internal revenue service created the alternative minimum tax (AMT) to balance taxation? You probably have not considered it, but you should calculate your tax twice per tax year. The reason is to determine if you should pay the alternative minimum tax, especially if ...

In the US, there are a number of organizations identified by the IRS as tax-exempt. These organizations are eligible to receive tax-deductible donations from individuals and businesses. If you are looking to donate a car, this means that tax-exempt organizations (like charities) can offer you a tax deduction for your donation. ...

Depending on where you live and how much money you earn, you may be required to pay taxes on your income. This can take a sizeable chunk from your paystubs – and even though taxes contribute to the running of our society, it can still hurt when you generate your ...