by Tax Crisis Institute Staff | Oct 11, 2021 | State Tax Help, Tax News
Businesses operating in Nevada which exceed the $4 million revenue threshold are required to file the Commerce Tax return, a privilege tax similar to franchise tax. Nevada is one of nine states in the United States that does not have state income tax. Instead, they... 
by Tax Crisis Institute Staff | Sep 19, 2021 | California Franchise Tax, EDD, State Tax Help
California Franchise Tax is the annual tax for conducting business in California. For noncorporate entities, it is a flat fee of $800. For corporate entities, the fee is a minimum of $800. Failure to pay the franchise tax will result in a minimum penalty of 5% and a... 
by Tax Crisis Institute Staff | May 13, 2021 | IRS Help, State Tax Help, Tax News
Are you wondering what happens if you file your taxes twice? The answer is quite simple, when the IRS receives two tax returns with the same SSN, they reject the second return and send it back to the taxpayer with a notification letter bearing the error code 0515. Tax... 
by Tax Crisis Institute Staff | Jan 15, 2021 | Budget, State Tax Help
You’ve spent a lifetime building financial security for your family. What will happen to all that you have worked for when you are gone? Do you know how much will be paid out in taxes to the federal and state governments by your loved ones? You need to know now how to... 
by Tax Crisis Institute Staff | Jun 15, 2020 | State Tax Help
It is no secret that it is expensive to live in California. Despite the beautiful weather, expansive beaches, and breathtaking views, you will pay a pretty penny on a home, food, and even taxes. Before making any moves out west, it’s important to understand... 
by Tax Crisis Institute Staff | May 1, 2020 | Budget, IRS Tax Help, State Tax Help
Paying your quarterly taxes may seem like a burden you wish you could pawn off to someone else. While no one is ever excited about filing their taxes, projecting your quarterly payments correctly can actually soften your tax burden when tax season rolls around. Our...
