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
Federal Taxes
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
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 8283.RELATED: IRS Tax Forms Directory | Comprehensive Tax Forms GuideIn this article:What Is IRS Form 8283? When Do You Use Form 8283? Who Files for IRS Form 8283? Determining Fair Market Value (FMV) IRS 8283 Form …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 Deductions 4 Steps to Receiving Bad Debt Deduction Bad Debt Definition: Uncollectible account from clients, customers, employers, or other debtors Step 1: Know What the IRS Considers as Bad Debt There are instances when customers or …Continue Reading
How To Determine Payroll Tax Payment Schedule
Employers need to pay payroll taxes to the IRS, abiding by a specific payment schedule. Keep reading to learn how this payment schedule works.RELATED: 3 Key Points To Remember When You Calculate Payroll Taxes Payroll Taxes: A Four-Step Guide to Payment Schedule Step 1. Stay Up-to-Date with Current Payroll Tax Rates Employers need to deposit payroll taxes, which are based …Continue Reading