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 up to $2,000 per dependent, [...]

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 you're like most salaried employees, [...]

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 Internal Revenue Service (IRS) is [...]

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 for cash that's coming to [...]

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 for in the IRS deductions [...]

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 the last minute, right? Therefore, [...]

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 or burdens to lighten our [...]

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 owe in this way Internal [...]

IRS Tax: How to Pay For Less Than You Settle If you have not paid your taxes or have unpaid part of the taxes, the IRS will retrieve it at some point. You can most probably bring to a close an IRS installment payment agreement (a form of settlement) that is a payment plan to [...]

How IRS Pay Debts Quickly Unlike an installment payment agreement, however, the IRS can re-evaluate the terms of an installment agreement every two years. For example, if the IRS thinks the taxpayer can afford to make larger payments, the installment payment agreement may need to be renegotiated. Set taxes on pennies on the dollar owed, [...]