environment
Where can I get a W-2 form for 2019?
To order official IRS information returns such as Forms W-2 and W-3, which include a scannable Copy A for filing, go to IRS’ Online Ordering for Informati...
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global news
Can an existing company become a holding company?
How can I create a holding company? Holding companies can be set up in the same way as any other private limited company is formed. However, it must essen...
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education
Do I need a sales tax permit in Texas to sell online?
Selling Online If you are in Texas and sell taxable items, you must have a Texas sales tax permit – unless your sales qualify as occasional sales. by mail...
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business
What happens if you miss a tax document?
Generally, you can expect the IRS to impose a late payment penalty of 0.5 percent per month or partial month that late taxes remain unpaid. If the 1099 in...
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technology insights
Why are EIN numbers taking so long?
Direct Impacts on EIN Processing As a result of the U.S. lockdown efforts from March through May of 2020, IRS offices were closed, and not processing EIN ...
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technology insights
Can an EA be a tax manager?
An enrolled agent, or EA, is a kind of tax professional who focuses narrowly on managing tax arrangements for business or private entities. EAs boast a wi...
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local updates
When bank statement shows a debit balance it means?
A debit balance is a negative cash balance in a checking account with a bank. Such an account is said to be overdrawn, and so is not actually allowed to h...
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health
Are military spouses exempt from federal taxes?
So, if you meet the requirements of the Military Spouses Residency Relief Act, both your income and the military income earned by your spouse in the milit...
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technology insights
What is the maximum amount of penalty for non filing of return after due date?
Penalty for Late Filing u/s 234F As per the changed rules notified under section 234F of the Income Tax Act which came into effect from 1 April 2017, fili...
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technology insights
What happens if I put the wrong first name on my tax return?
The IRS matches the first 4 letters of your last name with your Social Security Number, if that is incorrect then your return will reject and you can fix ...
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