CAP Appeal (Form 9423) vs. CDP Hearing (Form 12153) – What to Know
CAP Appeal (Form 9423) vs. CDP Hearing (Form 12153) – What to Know Help with an IRS lien or levy problem starts here! Maybe you received a Notice of Intent to Levy, Notice of Federal Tax Lien. Or maybe had your wages or bank account garnished by the IRS. Or did an unreasonable…
Can You Hide from the IRS in Another Country?
Can You Hide from the IRS in Another Country? Sometimes a person can get into so much trouble with the IRS that they end up owing hundreds of thousands or maybe even millions of dollars in unpaid taxes. Maybe it was in personal taxes or maybe they owned a business and didn’t pay…
IRS CP 2000 Notice – Respond Like a Pro
IRS CP 2000 Notice – Respond Like a Pro Today we’re going to talk about the IRS CP 2000 Notice, specifically for accountants whose clients have received one. However, this is good for individuals who have received the same notice. Either way, you don’t want to miss out on this information. What…
7 Secrets About Tax Refunds
7 Secrets About Tax Refunds Tax season just ended, so now the thing on everyone’s mind is their tax refund. How much will my refund be? When will I get it? Today, we will talk about some things that you may not know about tax refunds. Secret #1 …
Form 1099-MISC VS Form 1099-NEC 2022
Form 1099-MISC VS Form 1099-NEC 2022 If you are a gig worker or independent contractor, you have probably noticed that you received a different form showing your compensation. Previously, you would receive Form 1099-MISC to show your gig income or compensation. For 2021 income, you will now receive Form 1099-NEC. So what’s…
IRS Set 2 Traps for Payroll Taxes – How to Protect Yourself
IRS Set 2 Traps for Payroll Taxes – How to Protect Yourself If your business has problems with IRS payroll taxes, this blog is for you. The IRS set 2 traps for that business owner that’s fallen behind on payroll taxes, and you need to know about them. The first trap is financial….
Form 1040 Cryptocurrency Question – How to Get It Right
Form 1040 Cryptocurrency Question – How to Get It Right If you invest in cryptocurrency, this is information you MUST know for this tax season. The IRS is going to be closely watching those who deal in cryptocurrencies. Filing an incorrect tax return can result in an audit, so you need to ensure…
Cryptocurrency Savvy – Know What the IRS Knows
Cryptocurrency Savvy – Know What the IRS Knows Have you wondered what the government knows about your crypto transactions? If cryptocurrency investment is supposed to be encrypted and private, what does the IRS get to see? There are three main sources of information the government gets: 1.) Voluntarily provided data. This is…
Will My Recovery Rebate Credit (Stimulus $$) Be Used to Pay Back Taxes?
Will My Recovery Rebate Credit (Stimulus $$) Be Used to Pay Back Taxes? We have good news – The answer is no! Keep reading to find out more. The Recovery Rebate Credit allows individuals who did not receive their stimulus payment to potentially claim the missing amount on their 2021 tax return. …
Can I Deduct Business Expenses Paid With a PPP Loan?
Can I Deduct Business Expenses Paid With a PPP Loan? The Paycheck Protection Program (PPP) was introduced in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under PPP, small businesses were given up to 24 weeks of cash flow assistance through federally guaranteed loans. In December 2020,…
- « Previous
- 1
- 2
- 3
- Next »