With tax-filing season is just around the corner, this is a good time for those who don’t normally file to consider the benefits of filing a 2021 business tax return. Filing can help them claim a refundable tax credit or get an income tax refund. Here are some things...
The Internal Revenue Service urged all the taxpayers to make significant Tax Preparation moves this month to assist them to file their federal tax returns in 2022, including extraordinary steps related to the advance Child Tax Credit payments and Economic Impact...
Most people with gross income of $12,400 or more must file a federal tax return. Some people with a lower income are not required to file. However, these individuals should still consider filing for a refund of federal income tax withheld. They may also be eligible...
Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The Right to Be Informed Taxpayers have the right to know what they need to do to comply with the tax...
Every year the IRS mails letters or notices to taxpayers for many different reasons. Here are some do’s and don’ts for taxpayers who receive one: Don’t ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a...
For a small business, Tax planning can help to reduce the taxes owed. It is regularly mistaken for tax-preparation, however, they are two completely different things. While tax-preparation is getting your taxes organized quarterly or yearly filings, tax planning...
