…from your tax returns. It is a useful resource for individuals, tax professionals, and financial institutions to verify income, confirm filing status, review payment history, and address any potential tax-related…
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…certain amount. There are exceptions to this rule for middle- and lower-income families, but they’re limited. Plus, the way the monthly payments are calculated, overpayments could be fairly common. So,…
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…professional – either the person who prepared your return or another tax professional. Have you received any letters in the mail from the IRS? Share what you have found out…
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Dec 15
I Got A Notice From The IRS
…letter? You can resolve most notices without help, but you can also get the help of a professional – either the person who prepared your return, or another tax professional….
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…to complete your tax return, but processing will be on hold until the IRS corrects the return or sends you a letter requesting more information to complete the processing of…
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…loan borrowers, kicked off by the Trump administration’s March 13 announcement freezing interest on federal student loans. A week later on March 20, the education department said federal student loan borrowers will…
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…as looking for additional ways to minimize the burden for taxpayers, tax professionals, and businesses. “Our efforts are not limited to suspension of these additional letters and the possibility of…
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…if your workers’ compensation reduces your Social Security benefit, that portion of your workers’ compensation may be taxable. Filing Since workers’ compensation is not subject to tax, you are not…
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Feb 10
4883C
…issues listed on the Letter 4883C. The Compliance Officer can easily make an audit referral if he or she believes the information creates more concerns than it explains. What is…
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…Earned Income Tax Credit or an Additional Child Tax Credit. See Q&A below. Includes a Form 8379, Injured Spouse Allocation, which could take up to 14 weeks to process Needs further…
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