As the saying goes, to be forewarned is to be forearmed. After preparing the Form 1099 MISC forms, stop and check if the info entered is correct. Before submitting these forms to individuals...
Posted by Carmen Garcia on 06/11/2020
Lying about income tax means that you are committing tax fraud, which is a federal crime. The IRS has severe penalties so that perpetrators will pay a very high price. Prison is a...
Posted by Larry Hurt on 05/17/2020
For many people, getting a W-2 form in late January or early February is the first step to paying taxes.An employer's W-2 income statement is an essential document for declaring...
Due to the 2015-32 revenue procedure, only 401K late applicants via Form 5500-EZ received automatic exemption from IRS registration fees under 6652 (e) and 6692 of the Internal Revenue...
The Internal Revenue Service (IRS) expects that all income be reported on a tax return and, if not, can result in fines and sometimes penalties. However, most fines can be suspended...
Posted by Larry Hurt on 02/25/2020
An IRS CP2000 warning is sent to the taxpayer when the income reported by third-party sources, such as an employer, a bank, or a mortgage company, does not match the income reported...
Posted by YourIRSTaxAdvocate.com on 11/13/2019
Lost amid the perplexity of the federal government shutdown this year was another arrangement of punishments the IRS started to issue as a component of the office's progressing...
Posted by John Pournaras Agency on 08/28/2019
Take action to increase tax benefits.If you are having a good year, recovering from recent losses or still struggling to take off, you can save a lot on your taxes by making the right...
Posted by John Pournaras Agency on 04/09/2019
Tax day is around the corner, and if you have already paid taxes, it means you can relax: the tax season ends next year! But if you did not pay or show tax extension, this article...
Posted by KAB Bookkeeping and Tax Service on 02/18/2019