Social security payments and generally included in gross income and subject to federal income taxes. There are certain exclusions where a portion of the social security income is not subject to federal income taxes.
Section 529 plans are a valuable financial planning tool for taxpayers with children that plan to attend college. The Form 1099-Q reports distributions from the Section 529 plans.
The IRS CP2000 matching notice is sent by the IRS when the information reported on your tax return does not match the information submitted by third parties.
The IRS CP10 tax notice is sent to a taxpayer when the IRS has made a change to your tax return because of a miscalculation.
The IRS will send a taxpayer an IRS CP180 notice when the taxpayer filed a tax return that is missing a required form or schedule.
The IRS issues employer identification numbers (EIN) to companies that need to submit tax returns. The IRS does not maintain a public database of assigned EINs, however, some EINs can be found in other databases.
An employer identification number (EIN) is assigned to a business entity and used to file tax returns with the IRS. Generally, the entity is created first before a company applies for an EIN. Can you apply for an EIN before entity formation?
It's important to make sure the IRS has your current address on file. This ensures you receive any refund checks or other correspondence from the IRS. What are some ways to verify your address?
It is highly recommended that individuals and businesses electronically file their tax returns whenever possible. In some cases, however, a paper filed submission must be made. If a paid preparer must paper file a return, an explanation is generally required.
A business or individual may have to prove they are a U.S. tax resident to a foreign governmental organization. The Form 8802 can be filed to receive a certificate of U.S. tax residency.
