Chicago Accounting Articles

Employee Vs Independent Contractor Chicago Illinois

Updated July 28, 2015 Employee Vs Independent Contractor Chicago Illinois This question is a legal minefield. For every rule, there are several exceptions. Each taxation agency has a different set of standards.   This question is literally a legal minefield. For...

Employee vs Independent Contractor

Updated July 7, 2015   Employee vs Independent Contractor rules are becoming more important with each passing year. We have a Federal Government that is broke and a social security system beyond repair. Stated simply, they need the money. The rules didn’t...

Pay Off Federal Tax Lien

Updated July 8, 2014   How do I pay off my federal tax lien?   Cash still works in this country. Checks are great as long as they cash. You can use a credit card if you must. Of course most of the rates that the credit card companies would charge you may be...

How to prepare 941 form

Updated July 10, 2015   How do I prepare a 941 quarterly withholding payroll tax form?   How to prepare 941 form.   The federal 941 is the primary federal employment tax form. Federal Withholding, Social Security, and Medicare Taxes which are withheld...

Calculate 941 Payroll Taxes

Updated July 10, 2015   How do I calculate 941 payroll taxes   How do I determine my 941 tax deposit liability?   The 941 quarterly withholding tax return collects three different and distinct types of federal taxes. First is the federal withholding tax...