Learn how to apply for the ERC tax credit and receive your refund faster with ERC loans and advances. The IRS has stopped processing new claims for the ERC to protect filers from questionable claims. The processing pause will be in effect through at least the end of 2023. We will continue...
Tax debt forgiveness is incredible news for many people who have fallen into financial hardship. Better yet, the IRS usually freezes penalties and interest once your tax settlement is approved. As a result, you can avoid wage garnishments. Once approved, your tax liability will decrease almost i...
To apply for PPP loan forgiveness, whether you have employees, or are self-employed, you (the borrower) must fill out a completed loan forgiveness application and submit it to your lender according to your lender’s instructions. If you fall into one of these two categories, you may qualify...
The Small Business Administration created the Paycheck Protection Program, which provided struggling businesses with low-interest loans and a generous loan forgiveness plan. However, to apply for the program’s benefits, businesses needed to have a tax identification number. In fact, any time an ...
Problem: The IRS—not eFile.com—has rejected your return because the primary SSN or Taxpayer Identification Number (TIN) for you or one of your dependents on the federal return is incorrect OR has already been used on a filed return with the IRS. If applicable, this might also apply to ...
What are the income phase-out ranges for the student loan interest deduction? History of the student loan relief What is the benefit of reporting student loan interest payments? What other tax information might apply to students? If I default on my student loan, does it affect my taxes? Wh...
If you lost your principal residence to a foreclosure or short sale, TurboTax can help you deal with the tax implications, including recent tax law changes that can offer some relief.
How to Apply for PPP Loan Forgiveness The following entities qualify for PPP loan forgiveness in the United States: Sole proprietors Self-employed individuals Small business concerns that meet SBA size standards All business entities that have NAICS code that begins with 72. These are accommodation ...
Certain income-driven loans may be forgiven if the borrower has made consistent monthly payments for a specific period of time. Forgiveness may leave recipients with a big tax bill. Investopedia / Yurle Villegas Student Loan Forgiveness: Which Loans Are Eligible?
Taxable income is the portion of your gross income used to calculate how much tax you owe in a given tax year.