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 US tax system using a story that involves beer.RELATED: Tax Considerations According To Type Of Business OwnershipIn this article:US Taxes Explained: Some Facts and …Continue Reading
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 asked questions about filing state taxes.RELATED: Taxes Taken Out Of Paycheck: Everything You Need To Know | Internal Revenue ServiceIn this article:Do I File Federal or State Taxes? Do I Need to File State Taxes? Do I Have to …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 Premium Tax Credit]In this article:What Is Tax Identity Fraud? How Common Is Tax Fraud? What Is Identity Verification? What Is IRS Letter 4883C? What Is the Difference Between Letter 4883C and 5071C? What Can a Taxpayer …Continue Reading
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 the tax process.RELATED: Taxes Taken Out Of Paycheck: Everything You Need To Know | Internal Revenue ServiceIn this article:What Is a Tax Transcript? How About a Tax Return? Why Will a Taxpayer Look for a Tax Transcript or …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 can affect tax returns and refunds.RELATED: How To Prepare For An IRS Audit [Infographic]In this article:What Is a Government Shutdown? What Happens During a Government Shutdown? How Many Government Shutdowns Have There …Continue Reading