The Department of Treasury employs a program known as the Treasury Offset Program (TOP) which allows the Internal Revenue Service (IRS) to intercept tax refunds on behalf of federal and state agencies to which taxpayers owe a debt. Determining if your refund is in danger of being garnished by...
Tax penalties can be daunting, but they don't need to be confusing. Here's how you can minimize or avoid the most common penalties imposed by the IRS.
Government agencies like the IRS or the Social Security Administration. Scammers may claim you owe money or your benefits are being cut off if you don’t do what they say. Tech support from well-known companies like Microsoft or Apple.They pretend there are issues with your devices so that...
If you’re starting your own business, you should consider all the different business structures to find the one that’s right for you and any partners. Granted, you probably won’t be doing this all on your own—you’ll likely enlist help from an attorney and an accountant. But as the...
I would like to ask that is it also correct if I use whom instead of who in your question ” Who are you going on vacation with?”. Whom as an object of preposition “with”. slash Hi Ronnie, could you please give us a lesson or explain to me the differences between WHOSE and ...
The agency also set up another temporary program to allow businesses that improperly received a refund from claiming the credit to pay a portion of it back [2]. If you've encountered or been approached by a scammer, you can report them to the IRS by filling out Form 14242 and sending ...
If you’re like a lot of people, you have no interest in outliving your money, and you probably don’t want to work until the day you die. The good news is that retirement income planning can help you avoid both predicaments. It’s the glide path to comfort in your golden years. ...
How to deal with tax refunds or balances owed If you’re getting a refund — choose direct deposit, type your bank account and routing numbers accurately and file electronically. The IRS can process tax refunds in three weeks or fewer with direct deposit. If you owe money, the IRS gives ...
However, if this is not possible, there are other ways to deal with a lien with the cooperation of the IRS. The IRS will consider releasing a tax lien if the taxpayer agrees to a payment plan with an automatic withdrawal monthly until the debt is satisfied.3 The taxpayer may be able to...
If your employer isn't withholding enough, you will end up owing money to the IRS when you file your taxes in April. To avoid this, you will need to have additional tax withheld from each paycheck. The W-4 form has a place to indicate the amount of additional tax that you would like...