Making sense out of an IRS letter is pretty simple as long as you know how to interpret them properly and understand the reason why the IRS sent one.In this article:IRS Notice of Deficiency: CP3219A Notice Reminder Notice: CP501 Second Request Notice: CP503 Notice of Intent to Levy: LT11 Final Notice of Intent to Levy: LT1058 Notice of Changes: CP22A …Continue Reading
Federal Tax Deductions
Trump’s Tax Cuts | What You Need To Know And How It Affects You
Trump's Tax Cuts, like most tax reforms, are complex and confusing. For more details on the new tax code, continue with the article. Trump's Tax Cuts Explained What Is the New Trump Tax Plan? President Trump signed The Tax Cuts and Jobs Act of 2017 on December 22, 2017. This tax reform brought down both corporate and individual tax rates at the start of the calendar …Continue Reading
Complete Guide To IRS Form 8283
![Feature | make donation on charity | IRS Form 8283 [Report Noncash Charitable Contributions] | charitable contributions | C corporation](https://help.taxreliefcenter.org/wp-content/uploads/2018/04/make-donation-charity-IRS-Form-8283-ss-FEATURE-360x200.jpg)
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.In this article:When Do You Use Form 8283? IRS Form 8283 for Partnerships and S-Corporations Property Appraisal IRS 8283 Form Instructions IRS Form 8283 Supplemental Statement IRS Form 8282 IRS Form 8283 …Continue Reading
Is Health Insurance Tax Deductible?
Considering the cost of health care, it does pay to ask: is health insurance tax deductible? The good news is you can use it to lower your income tax. You can also save more money by deducting other specific medical expenses. However, there are rules.In This Article:Do Health Insurance Premiums Count as Deductible Medical Expenses? How Much Can You Claim as a …Continue Reading
What Qualifies As Deductible Business Expenses
Take advantage of these deductible business expenses to make the most of your business travels. 9 Deductible Business Expenses That Will Help You Save Lots of Money Knowing When There Are Deductible Business Expenses Generally, the Internal Revenue Services (IRS) allows you to deduct expenses for business-related trips. However, first, it is important to understand …Continue Reading
