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Note: If you did not request electronic communications in your Individual Online Services account before we notified you about this letter, you will not s...
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The basic rule is that you must file a 1099-MISC form with the IRS if you pay an unincorporated independent contractor $600 or more during a year for rent...
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Film grants are usually unrestricted funds, services, or equipment that can be used for the development, production, or distribution of a project. They do...
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Unless you qualify for an exemption, you will be subject to a tax penalty for any month you are not covered under a qualified health plan. The Tax Penalty...
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There is no reliable method to check whether an email has been read. Use read receipts very sparingly for when you want to communicate extra urgent/import...
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3. If you file an incorrect tax return, the IRS will not assess a penalty if it owes you a refund. You can even claim your refund late by filing an amende...
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A simple federal income tax return is one with almost no options. Prior to the 2018 tax year, the Internal Revenue Service offered two streamlined version...
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Cashing Out the 401K If you do cash out the 401k plan, you need to report it properly on your income taxes and pay the appropriate penalty and taxes. You ...
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Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. The dea...
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Filing an extension will generally allow you to delay filing a tax return until October 15. You will still have time to establish a SEP-IRA and make a SEP...
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