“Eligible Employers,” defined as those who carry on a trade or business during calendar year 2020 that either (1) fully or partially suspends operation during any quarter in 2020 due to an order from a governmental order relating to COVID-19; or (2) experiences a significant dec...
While SETC (Self-Employed Tax Credit) and FFCRA (Families First Coronavirus Response Act) are both born from the same legislative umbrella aimed at providing COVID-19 relief, there's a neat distinction in their applicability: SETC: A Special Focus for the Self-Employed FFCRA: The Employee-Or...
This form is to report mortgage interest and real estate taxes. You may not think it applies to you, but if you do the bookkeeping for or are a member of a housing cooperative, you may find that it does. This needs to be issued to housing co-op members for their allocated portion o...
the National Taxpayer Advocate released a report stating that taxpayers assigned to the program are entered into installment programs that they cannot afford. They also report that the program costs the U.S. Treasury more money that it collects from the program. Due to increasedIRS impersonating ph...
Collection Information Statement for Wage Earners and Self-Employed Individuals; Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals; Form 9465, Installment Agreement Request; and Form 433-F, Collection Information Statement.[1]These forms do a good job ...
The 2012 expansion of the Fresh Start Initiative Program increased the opportunity for more taxpayers to apply and qualify for tax relief. This was especially important during the COVID-19 pandemic, which created financial hardship for millions of Americans and drove a significant increase in accepted...