…higher adjusted gross income, setting the max at $80,000. The credit will get you 100% of the first $2,000 of qualified expenses plus 25% of the expenses after that. The…
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Feb 6
IRS Code Reference 9001
…return that had multiple Social Security numbers attached to it. Typically, this is a husband and wife, but it could also include children as well (you never know, adult dependents…
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…first place! 9. Deducting business meals, travel, and entertainment 10. Claiming 100% business use of a vehicle Be careful, salespeople! To counter any possible IRS questions, consider keeping a paper…
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Georgia tax officials said that some 2017 refunds may be delayed due to fraud prevention efforts, a warning that comes after complaints last year that it took longer than usual…
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…its customers had agreed to forego their right to take their grievances to court and were required to use the private arbitration system instead. But even as Intuit was winning…
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…accountant’s availability. In addition, numerous financial documents will need to be provided to the auditor, and your accountant will have many of these records. They’ll need some time to get…
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Dec 19
Filing for Hardship
…will use to determine your collection potential – which means that the IRS will determine from this form if it would be better to go ahead and collect from you…
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…more closely. They may request additional documentation or clarification on certain items. Adjustments: If the IRS finds discrepancies or errors, they will make adjustments to your return. These adjustments can…
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…to work to ensure that everyone is playing by the same rules and paying their fair share,” said IRS Commissioner John Koskinen. “The IRS is committed to fairly administering and…
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…taxpayers in advance of the 2022 tax season in monthly installments (starting July 15, 2021) for those taxpayers who did not opt-out. Additionally, the credit amount was increased for 2021…
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