What is the Required Minimum Distribution (RMD)?Required Minimum Distribution is the amount that qualified owners and participants must withdraw from a traditional, SEP, or SIMPLE...
Posted by YourIRSTaxAdvocate.com on 11/13/2019
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
Every year, millions of Americans receive unexpected IRS emails.Sometimes it is a simple matter, and you can quickly solve it. Other times, IRS alerts can be confusing or even incorrect....
Posted by Fletcher Accounting and Tax Service Inc. on 11/12/2019
If you already have an IRA, or you are thinking of opening one, pat yourself on the back. An IRA is an excellent resource for retirement, which offers the benefits of capital savings...
Posted by Fletcher Accounting and Tax Service Inc. on 11/12/2019
The IRS have issued a new guidance on taxation all type of cryptocurrency. The guidance clearly states out the all the below revenue rulings: The cost basis assignment on a gifted...
Posted by YourIRSTaxAdvocate.com on 11/05/2019
Over 10 million Americans have side jobs, which they believe can be very helpful in achieving financial freedom, have more to spend, pay up debts, pay for a vacation and many more....
Posted by YourIRSTaxAdvocate.com on 11/05/2019
There are limits to all type of contributions, except giving/contribution made through the candidate personal funds. According to the Federal Election Campaign Act, there is a limitation...
Posted by BRIAN PRZYSTUP & ASSOCIATES LLC on 11/05/2019
What is taxable incomeTaxable income are all business compensations or individual compensation that can be used to determine tax liability. The gross or total income is used...
Posted by BRIAN PRZYSTUP & ASSOCIATES LLC on 11/05/2019
Under code 6020, the IRS has the authority to prepare and file a tax relief statement for a taxpayer who does not file tax returns promptly. If a taxpayer does not file a return or...
Posted by Fletcher Accounting and Tax Service Inc. on 10/31/2019
