Resources
Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
Is Disability Income Taxable? Types of Disability Income
Yes, depending on who paid the premiums and where the benefits come from, disability income may be taxable.
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If I Make Less Than $5,000 a Year, Do I Have to File Taxes
If I make less than $5,000 a year, do I have to file taxes? Here are the IRS filing rules, when low-income earners still need to file, and how you could claim tax refunds or credits even with very little income.
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Does Zelle report to the IRS? What Business Owners Need to Know
No, Zelle does not report transactions to the IRS and does not issue Form 1099-K even if you receive business payments through the platform.
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What are Estimated Tax Payments, and Who Must Pay It?
Estimated tax payments are quarterly payments you send to the IRS during the year to cover income that doesn’t have automatic tax withholding.
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Federal Estimated Tax Payments 2026 in the USA
If you need to pay estimated taxes in 2026? Learn who must pay federal estimated taxes in 2026, key deadlines, safe harbor rules, and how to avoid costly mistakes at tax time.
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What are the major types of Federal Excise Taxes, and Who Pays Federal Excise Tax?
Understand federal excise tax, including types, real-life examples, and filing rules. How it applies to fuel, flights, and products and how businesses file Form 720.
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What are Federal Income Tax Liabilities?
Not sure about your federal income tax liability or surprised by a tax bill? Learn how it’s calculated, why you may owe or get a refund, and smart ways to reduce your tax liability before filing.
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What is federal tax ID number? Why a Federal Tax ID Number Is Important
Federal tax ID number formally called an Employer Identification Number (EIN) is a unique nine-digit number the IRS gives to businesses. This number identify your business for tax purposes.
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Form 1120, U.S. Corporation Income Tax Return
Form 1120 is the federal income tax return that C corporations use to report income, deductions, and taxes owed. If you own a C corporation you'll need to fill out Form 1120
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What is Form 2290? Why do you need to file a Form 2290?
If your truck weighs 55,000 pounds, the IRS expects you to file this Form 2290, every year. Tax can go as high as $550 annually per vehicle.
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What Is Form 8594? When Do You Need to File Form 8594
Form 8594 is a tax form used when someone buys or sells a business but only when it’s an asset sale, not a sale of stock or company shares. Both the buyer and the seller have to fill out Form 8594.
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What Is Form 8962, Premium Tax Credit?
Form 8962 calculates and reconciles the Premium Tax Credit if you bought health insurance through the Marketplace and received financial assistance.
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