Getting an easy-to-understand “taxes explained" take on the complex federal system provides taxpayers a deeper appreciation and understanding of the tax process. Here's an easier way of looking at the …Continue Reading
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Do I Have To File State Taxes Even If I Don’t Owe Anything?
"Do I have to file state taxes?" is a common question a lot of people may ask. To help you out, we answer some of the most frequently …Continue Reading
IRS Letter 4883C | How To Use The IRS ID Verification Service
Let's set the record straight about details from an income tax return with the IRS Letter 4883C.RELATED: IRS Form 8962 [Calculate …Continue Reading
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Tax Transcript VS Tax Return: How Do They Differ?
A taxpayer may have some difficulties understanding their tax transcript or tax return. Knowing the differences between the two can simplify …Continue Reading
What Is A Government Shutdown And How Does It Affect Tax Returns And Refunds?
How will a government shutdown affect tax returns and refunds? In this article, we talk about what causes a government shutdown and how it …Continue Reading
What Is The IRS Automated Collection System (ACS)?
Some delinquent taxpayers opt to have the ACS collections system take care of all their tax problems. What exactly is the ACS collection …Continue Reading
Failure To Deposit: IRS 941 Late Payment Penalties
Failure to pay an Employer's Quarterly Federal Tax Return results in a 941 late payment penalty. Here's everything you need to know about …Continue Reading
Complete Guide To IRS Form 8283
If you’re giving non-cash contributions to charity, you need to let the Internal Revenue Service (IRS) know about it by filling out Form …Continue Reading
What Is The IRS Fresh Start Program For Businesses?
This IRS Fresh Start program gives a lot of delinquent taxpayers a chance to get back on their feet financially.RELATED: What To Do When …Continue Reading
How To Get A Tax Deduction Due To Bad Business Debt
The IRS allows taxpayers to minimize their income tax via bad debt deduction. Here's how it works.RELATED: 9 Common Small Business Tax …Continue Reading