Taxation · 07/21/2025

The tax management of self-employment income is crucial for individual entrepreneurs. If a business's net profit exceeds the legal threshold, the corresponding self-employment tax must be paid. When calculating net profit, business expenses should be deducted. Social security tax is payable regardless of profit status. Relevant forms provide information on exemption policies and specific requirements.

Taxation · 04/10/2025

April 15, 2025, is the deadline for individual, corporate, and self-employed taxpayers to make their first quarter estimated tax payments. Failing to pay on time may result in penalties. It is advisable to use IRS-related tools and platforms for estimation and payment to ensure tax compliance and reduce potential risks.

Taxation · 07/25/2025

EFTPS is a free electronic tax payment system provided by the U.S. Department of Treasury. It combines multi-factor authentication for security, supports advance payments, and offers easy management, making it suitable for individuals and tax professionals. The system simplifies tax processes.

Taxation · 08/13/2025

This article discusses the process of applying for a tax payment extension using Form 1127. It covers the situations in which the extension is applicable, the conditions for application, and important considerations, providing practical guidance for taxpayers facing financial difficulties.

Taxation · 08/12/2025

This article explains how to apply for a tax payment extension using IRS Form 1127 to address financial difficulties. It covers eligibility criteria, filling requirements, and important considerations during the review process, aiming to assist taxpayers in effectively managing their tax-related stress.

Taxation · 08/13/2025

With 'Pago directo', users can conveniently pay IRS taxes directly from their bank accounts, catering to both individuals and businesses. The service allows for flexible cancellation or modification of payments, with a maximum limit of up to $10 million, enhancing the convenience and security of the payment process.

Education · 03/17/2021

The Test Optional policy allows students to decide whether to submit their test scores, increasing competitiveness and shifting focus to other performance metrics.

Taxation · 07/21/2025

The U.S. tax gap reached $496 billion from 2014 to 2016 and is projected to be $540 billion from 2017 to 2019. Increasing compliance rates is crucial.

Job Search · 08/06/2025

Nvidia CEO Jensen Huang emphasized that while the development of AI can enhance productivity, a lack of innovation could lead to unemployment. He believes that society should continuously explore and create new ideas to balance the advancement of AI with changes in the job market.

Education · 09/02/2025

This paper explores how higher education institutions fulfill their social responsibility, ranging from the Jesuit educational philosophy of 'cura personalis' to public universities' community engagement. It demonstrates the crucial role of higher education in shaping values, influencing communities, and driving global development. The article also introduces specific initiatives by APLU and UC Davis in promoting higher education. It emphasizes the challenges and opportunities faced by higher education institutions in the context of globalization, highlighting the need for institutions to adapt and contribute to a more just and sustainable world.

Finance · 08/26/2025

US tariffs can potentially influence Canadian housing prices through various channels, including interest rates, trade relations, and economic expectations. However, the Canadian government's responses and regional variations within the real estate market contribute to uncertainty regarding the ultimate impact. Investors and homebuyers need to analyze the situation rationally and make cautious decisions. The effects are complex and not guaranteed to be uniformly felt across Canada.

Finance · 08/26/2025

While seemingly distant, US tariff policies can indirectly influence Canadian housing prices through various channels. Increased costs, weakened investment confidence, and shifts in capital flows can all potentially impact the Canadian real estate market. However, Canada's own economic factors are equally important. A comprehensive analysis is needed to understand the full picture and maintain a rational perspective on the situation. The interplay of these internal and external forces will ultimately shape the direction of the Canadian housing market.

Finance · 07/23/2025

Understand the key aspects of credit card repayment by using a repayment calculator. Input your outstanding balance, interest rate, and monthly payment amount to determine projected repayment time and strategies. This tool helps you manage debt efficiently, assess the impact of interest, and motivates you toward achieving financial freedom.

Loans · 07/14/2025

This article explores the advantages and disadvantages of 40-year mortgages in the United States. Lower monthly payments can alleviate financial pressure on homebuyers, particularly benefiting low-income families; a longer repayment period can increase homeownership rates. However, the accumulation of interest raises overall costs and increases risks. Homebuyers must carefully assess their situations to make informed decisions regarding mortgage options.

Taxation · 06/12/2024

The IRS has issued a statement clarifying that some taxpayers received CP14 balance notices due to delays in processing payments, and there is no immediate need to respond. Taxpayers who have paid their balance in full on time will have penalties and interest automatically adjusted, while those who have not paid in full are urged to settle their balance as soon as possible.