If you have an IRS balance due and can’t pay it all at once, you can file IRS Form 9465 to ask for a payment plan. Generally, if you are not receiving an IRS refund payment, you owe taxes. You may only be able to get monthly installments if you owe less than $10,000 and you are an individual or a sole proprietor who owes taxes and are no longer in operation. You can use this form if you have done your taxes and can’t pay the full amount due that is on your tax return, or if you receive a notice from the IRS that you owe back taxes… Click to read more
If you need to file your taxes past the April 15 due date, you will need to file IRS Form 4868. You can download IRS Form 4868 extension from the IRS official site or you could file the form online. All IRS tax forms are available online, including the IRS Form 2848 revocation… Click to read more
There are certain things to remember when filing an IRS Form 2848. Giving someone power of attorney means that this person can represent as you in dealings with the Internal Revenue Service. That person is also able to receive your confidential tax information and inspect it. Once you file an IRS power of attorney Form 2848, the person you name on the form has all the powers you would have. There are sections of this form that allow exceptions to be noted… Click to read more
Business with employees must file IRS Forms 941 (Employer’s Quarterly Federal Tax Return). Most companies need to provide the IRS with comprehensive documentation about their revenue. Businesses also need to report the taxes they pay on behalf of their employees. Like IRS 1040a for individuals, all IRS tax forms need to meet the specific actions of the business. The information on Form 941 verifies the details submitted on Form 1040ez or other versions of IRS 1040a… Click to read more
The IRS Form W4 plays an important role in tax filings each year, especially if you get a new job. Everyone who works for an employer must know its purpose. In general, tax time can be confusing for many people. That’s why it is crucial to understand what the different forms mean. Find out what you need to know about the IRS Form W4 or the Employee’s Withholding Allowance Certificate here… Click to read more
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