Taxes for US businesses

The type of business you operate determines what taxes you must pay and how you pay them. Below are five general types of business taxes:

  • Income Tax

  • Estimated Tax

  • Who must pay estimated tax?

  • Self-Employment Tax

  • Excise Tax
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A Guide to the US Health Coverage Tax Credit

The Health Coverage tax Credit (HCTC) used to subsidize a large portion of the cost of health insurance for eligible taxpayers and their family members. The purpose of the credit is to make health insurance more affordable to specified individuals. Generally speaking the credit is claimed by qualified unemployed individuals and retirees. The HCTC is currently set to expire on December 31st, 2020.

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A guide to Gift tax for US Expats

As a US citizen who has received foreign gifts of money or other property, you may need to report any gifts your receive from a foreign person on a Form 3520. A Form 3520 is an informative return, not a tax return, because foreign gifts are not subject to income tax. However, there are significant penalties for failure to file a Form 3520 when it is required.

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