technology insights
What are the rules about withdrawing from an IRA?
You can take distributions from your IRA (including your SEP-IRA or SIMPLE-IRA) at any time. There is no need to show a hardship to take a distribution. H...
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Technology Insights
technology insights
Is IRS suspending payment plans?
For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. Furthermore, the IRS will not default...
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How much can you win at a casino without paying taxes in California?
$1,200 or more (not reduced by wager) in winnings from bingo or slot machines. $1,500 or more in winnings (reduced by wager) from keno. More than $5,000 i...
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technology insights
What is the meaning of Vilomah?
against a natural order Vilomah means “against a natural order.” As in, the grey-haired should not bury those with black hair. As in our children should n...
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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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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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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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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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What is the amount Social Security takes out for Medicare?
The standard Medicare Part B premium for medical insurance in 2021 is $148.50. Some people who collect Social Security benefits and have their Part B prem...
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Are live chat agents real?
Are All Live Chat Agents Real Humans? – The Simple Answer Because live chat agents know that customers prefer chatting to a human agent, they immediately ...
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