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 Tax Information
A Complete Guide To FICA Taxes
The IRS collects FICA taxes to fund the federal government's Medicare and Social Security programs. Here's what you need to know about these paycheck deductions.RELATED: Taxes Taken Out Of Paycheck: Everything You Need To Know | Internal Revenue ServiceIn this article:What Are FICA Taxes? Who Benefits from FICA Taxes? Who Needs to Pay FICA Taxes? How Are …Continue Reading
How To File A Business Tax Extension
Any taxpayer looking to file a business tax extension should get to know the basic process to avoid costly delays and penalties.RELATED: Bad Debt Expenses: What Is It And How To Write It Off How to File Business Tax Extension in 4 Steps Step 1: Check Your Records Filing an extension for business taxes starts with keeping good records. Today, a taxpayer can easily …Continue Reading
How To Remove A Tax Lien Notice From Your Credit Report
You may be wondering how to remove a tax lien from your credit report, but thanks to recent developments, you probably won't have to. Read more about this update here.RELATED: Bad Debt Expenses: What Is It And How To Write It Off Steps on How to Remove Tax Lien from Your Credit Report Step 1: Understand the Effects of a Tax Lien on Your Credit Report and Your …Continue Reading
Tax Considerations According To Type Of Business Ownership
A taxpayer should know the different types of business ownership in order to apply the proper tax amounts and forms to the IRS.RELATED: Tax Refund Offset Reversal: Step By Step GuideIn this article:What Are the Different Types of Business Ownership? Who Forms Part of the Tax Structure in the Business? Which Relevant Tax Forms Apply to Which Business …Continue Reading