IRS aid with delinquent taxes Several tests are used by the IRS to decide whether to remove interest penalties. The tests to reduce the IRS tax interest are stricter than the tests used to reduce the fines. To reduce the IRS tax interest, a taxpayer must demonstrate that the interest [...]

The Importance of IRS Form W-9 The IRS (Internal Revenue Service) Form W-9 is usually used by individuals who are self-employed or sovereign contractors. If you ever find yourself in a situation of filling out a Form W-9, this in general means that a company or person paying you money [...]

Need to Qualify for the Child Tax Credit What Is the Child Tax Credit? The Child Tax Credit (CTC) is planned to give an income increase to the parents or guardians of children and other dependents. It only relates to dependents who are younger than 17. The credit is worth [...]

What you need to know on IRS tax estimation If you are a worker, your employer withholds taxes from each paycheck and sends the money to the IRS (Internal Revenue Service) and likely also to your state government. In this way,  you pay your income taxes right away. And, if [...]

Procedures to file an amended tax return to the IRS If you made an error on a tax return you already filed, or just found new information, such as a deduction or tax credit you just realized you qualify for, file an amended tax return to make the correction. The [...]

Reason the IRS might not be responsive to Tax Refund Americans are stressed through tough times. Tens of millions of people are out of work and counting on getting money from whatever means they can. Between prolonged unemployment benefits, and other assistance programs, most people simply can't afford to wait [...]

IRS 2020 deductions and expenses that count towards the tax Do you know that you can reduce the amount payable from the IRS deduction or even receive a refund? The expenses you had in 2019 related to education, health, real estate, alimony, households, VAT and general family expenses are accounted [...]

Invoice validation for the IRS, New York We are aware we are not yet up to the IRS, but it is never too early to remember to validate invoices. It is better to go about doing this tedious task all the way through the year than to leave everything until [...]

What you need to know about tax reliefs and income tax What is tax relief? Tax Relief is the subtraction of a certain amount for money expended in that assessment year, from the total annual income. These are for definite activities or behaviors that the government encourages or even necessities [...]

The installment payment agreements for federal tax liabilities A monthly payment list is in general is actually the easiest way to pay a large of money that you owe, even a tax liability, and you can indeed make planning with the Internal Revenue Service to pay all the taxes you [...]