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 … [Read more...]
What To Do When You Receive A Notice Of Deficiency From The IRS
When a taxpayer receives a notice of deficiency, confusion often arises. By knowing what the notice really is, a taxpayer may avoid making mistakes. Read on to learn all about it. RELATED: Delinquent Taxes | Everything You Need To Know [INFOGRAPHIC] A Step-by-Step Solution To Resolve A Notice of Deficiency 1. Understand What Is a Notice of Delinquency After filing a tax … [Read more...]
Are Tax Preparation Fees Deductible?
Are tax preparation fees deductible? Fortunately, the answer is "yes" according to the Internal Revenue Services (IRS), and this can help taxpayers greatly. RELATED: What Medical Expenses Are Tax Deductible? 10 Items To Deduct In this article: What Are Tax Preparation Fees? A Short Primer and Definition Tax Preparation Fees Deduction: Some Useful Information … [Read more...]
Rejected Offer In Compromise: How To Negotiate With The IRS
Taxpayers who want to know how to negotiate with the IRS, specifically with regard to a rejected an Offer in Compromise, should educate themselves of the process. RELATED: How To Avoid Taxes Through The Mortgage Forgiveness Debt Relief Act In this article: Differentiate Between a Rejected and a Returned IRS Offer in Compromise Learn the Reason Why the IRS Rejected … [Read more...]
IRS Penalty Calculator: Breaking Down Your IRS Late Fees [INFOGRAPHIC]
Fees and penalties can eat up your savings, so knowing and using an IRS penalty calculator can save you time, effort, and money. In this article: What Are the IRS Late Fees? How Are IRS Late Fees Calculated? How Can I Use an IRS Penalty and Interest Calculator Correctly? What Do I Do After Calculating My Late Fees? When Do You Use an IRS Payment Plan Form? … [Read more...]