New questions were added regarding multiple jobs or a two-earner household The 2020 Form W-4 has a five-step process which includes declaring additional income, so employees can adjust their withholding with more accuracy. These steps are: Step 1. Enter personal information Step 2. Indicate mult...
E-filing can result in receiving your tax refund faster because IRS employees don’t have to process returns manually, saving the agency time and money while streamlining the tax filing process. The Pros and Cons of E-filing E-filing, or electronic filing, is a way of preparing and f...
The bill, often referred to as Biden's Stimulus Plan, the Human Infrastructure Bill, and the Democratic Reconciliation package, has failed in the Senate. Democratic Senator Joe Manchin has voted no to the bill, leaving the program to hang in limbo as the Senate goes on vacation. Will this...
The once vaunted IRS computer system has trouble accomplishing what would seem to be the most basic of functions: reconciling Social Security numbers, W-2 forms and even the number of children in a household. Notes Gross: "Resolving taxpayer account issues often requires considerable research on ...