They reply to your emotionality and share identical amount of non-public info in return. That they ask a whole lot of questions to search out away more about your interests and thoughts about life. Their mutuality can be expressed in the capacity to grasp what you say and keep at…
Companies regularly report the money that they pay to their standard employees to the IRS. They not only have to take taxes out of those workers’ paychecks, but they also pay the business’ fair share of those taxes as well. What about nonemployees? These are workers who are subcontracted by…
In the past, the IRS required taxpayers to send in certain forms with a handwritten signature on them. While some items, such as standard tax returns, could be e-filed with no problems, in order to prevent identity fraud and similar issues, other specific forms could not. However, the COVID-19 pandemic…
The U.S. government, via the IRS in this particular case, charges a number of different types of taxes on goods. The excise tax is just one of them, and it’s one of those tax types where the United States is not alone. Many other countries charge excise taxes as well….
According to a recent report, the IRS has overlooked substantial tax amounts that S-corporation executives should have claimed on their income tax forms and paid taxes on. Those amounts, which add up to billions of dollars, should have been rightfully declared and added to the government’s coffers to help pay…
If you owe money to the IRS, they more than likely will ask you to set up a payment plan, also known as an installment agreement. These agreements require a number of set criteria, from having the payments directly drafted out of your bank account to charging you interest every…
People who invest in cryptocurrency already know the benefits of those investments. The overall worth of Bitcoin, among others, tends to go up quite a bit over time, making those investments pay off. The only downside is that those investments are taxed, quite like those made on the standard stock…
Receiving a notice from the IRS about a pending tax examination or tax audit can be intimidating. These notices are a sign that your tax return and financial records are going to be scrutinized, and you might have to either go to the IRS office and drop off your information…
While the IRS has spent years developing methods to find and prosecute people and businesses who commit tax fraud, they have recently begun ramping things up in order to make their efforts more effective. As a result, more people are being audited, and even more discrepancies are being found. In…
Audits are not a welcomed entity in anyone’s eyes. So, if you’ve just received a notice informing you of an impending IRS audit, do not panic. In some cases, people or businesses are selected for an audit at random. In others, an IRS audit is triggered by issues with your…