IRS publications are helpful guides the IRS provides to educate taxpayers. There are IRS publications covering nearly every topic, from reporting tip income to filing taxes as a business owner and how extensions work. Looking for answers on key tax topic
IRS Publication 590 provides detailed information on the tax implications of Individual Retirement Accounts (IRAs) such as contribution limits and required minimum distributions. Traditional IRAs allow tax-deductible contributions, but there are annual limitations and exceptions. Roth IRAs are similar to tr...
If the IRS has already garnished your wages, there are still ways you may be able to reduce the impact the wage garnishment has on your life. To start with, certain parts of your wages may be exempt from the levy.Publication 1494sets forth the 2016 tables the IRS uses to determine the...
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You cannot claim either education tax credit if you are claimed as a dependent on someone's return, if you file as married separately, or if you are a non-resident alien during the year. See more details on tax benefits for education via IRS Publication 970. The American Opportunity Credit...
If an organization has any questions, concerns, or needs clarification regarding the IRS notice letter CP 575, it is important to reach out to the Internal Revenue Service directly. The IRS has resources in place to assist taxpayers and can provide guidance on EIN-related matters. Here are a...
audit stand an excellent chance of having at least some of the judgments from their audits reversed. Make sure you download Publication 5: "Your Appeal Rights and How To Prepare a Protest If You Don't Agree" from the IRS website if you need more information on how to your rights to ...
We follow the instructions on amending information returns filed electronically or magnetically, refer to Part A, section 11, of Publication 1220. Prior Years Not a problem. The 1099 software let's you select the current year or any prior year all the way back to 1999. Support We ...
healthcare-related costs, such as doctor’s visits, hospital stays, prescription medications, medical supplies, and even certain alternative therapies. It is important to note that the IRS provides a comprehensive list of eligible expenses in Publication 502, which individuals can refer to for ...
Read more aboutPublication 519or the U.S. Tax Guide for Aliens to give you more information about tax status and whether or not you have to file taxes. 4. What are the foreign financial assets that I have and don’t have to file?