Below are answers to some basic questions about the qualified business income deduction (QBID), also known as the section 199A deduction, that may be available to individuals, including many owners of sole proprietorships, partnerships and S corporations. Some trusts...
If too little is withheld, you’ll probably owe money to the IRS when you file your tax return. You can easily perform a paycheck checkup using the IRS’s tax withholding estimator. This tool helps identify the correct amount of tax withheld from each paycheck to make...
However, that’s not foolproof when determining a company’s financial health. Some industries, like the banking and financial services sector, have relatively high D/E ratios and that doesn’t mean the companies are in financial distress. This ratio,...
