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
Federal Tax Preparation
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 …Continue Reading
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 DeductIn this article:What Are Tax Preparation Fees? A Short Primer and Definition Tax Preparation Fees Deduction: Some Useful Information …Continue Reading
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 ActIn this article:Differentiate Between a Rejected and a Returned IRS Offer in Compromise Learn the Reason Why the IRS Rejected …Continue Reading
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? …Continue Reading