Form 9465 | Installment Agreement Request
Form 9465 | Installment Agreement Request An installment agreement allows the taxpayer to breakdown their tax debt into manageable payment plan. Usually an installment agreement requires equal monthly payments based on the amount of taxes owed, the amount of money the IRS can collect at one time, and the amount of time they are allowed […]
IRS Form 8822-B | Business Change of Address
IRS Form 8822-B | Business Change of Address Beginning January 1, 2014, any entity with an EIN (Employer Identification Number), such as a corporation, LLC, tax exempt organization, or retirement plan sponsor, must file Form 8822-B Change of Address or Responsible Party – Business to report the latest change to its responsible party. The newly […]
IRS Form 2553 | Election by a Small Business Corp
IRS Form 8822 | Change of Address After moving into a new home, you may want to use Form 8822 to notify the Internal Revenue Service of your change of address. The IRS may send you notices, refunds paid with a paper check and other correspondence relating to your personal, gift and estate taxes. If […]
How Many Allowances Should I Claim
How Many Allowances Should I Claim
How Many Allowances Should I Claim When you start a new job, or when your financial situation or dependent changes, you will need to complete the Form W-4, Employee’s Withholding Certificate. This form is used by your employer to ensure your withholding the correct federal income tax from your paycheck. In previous tax years, the […]
How Many Dependents Should I Claim | Claim 0 vs 1
How Many Dependents Should I Claim | Claim 0 vs 1 When you start a new job, or when your financial situation or dependent changes, you will need to complete the Form W-4, Employee’s Withholding Certificate. This form is used by your employer to ensure your withholding the correct federal income tax from your […]
How Many Allowance to Claim | Claim 1 or 0
How Many Allowance to Claim | Claim 1 or 0 When you start a new job, or when your financial situation or dependent changes, you will need to complete the Form W-4, Employee’s Withholding Certificate. This form is used by your employer to ensure your withholding the correct federal income tax from your paycheck. […]
W2 Allowances | Allowances Claimed
W2 Allowances | Allowances Claimed Tax season is here and almost gone, but for some, there is the lingering question of “Do I need to file a tax return?” Unfortunately, as we’re dealing with taxes, the answer is, it depends on these five questions: How old are you? What is your filing […]
Why Do I Owe Taxes If I Claim
Why Do I Owe Taxes If I Claim It’s tax time again and you may be getting ready to file your return. You are dreading filing the return as you have a balance due, and may be thinking, hey, the IRS can’t possibly review every return. Couldn’t I just claim a few of these deductions […]
Do You Claim Yourself as a Dependent
Do You Claim Yourself as a Dependent It’s tax time again and you may be getting ready to file your return. You are dreading filing the return as you have a balance due, and may be thinking, hey, the IRS can’t possibly review every return. Couldn’t I just claim a few of these deductions […]