Part 2 - Deposit schedule and tax liability for the quarter Line 16 Tax Liability for the Quarter. IfLine 12 on your Form 941was less than $2,500, the previous quarterly return was less than $2,500, and there was no next-day deposit obligation for $100,000, you can check the box ...
The most important thing to realize is that the convoluted corporate income tax (as well as parts of the personal income tax such as Schedule C) are replaced by a very simple cash-flow system. Here’s how Professors Robert Hall and Alvin Rabushka describe the business portion of the flat ...
Seemore tax statistics hereand read more about theseIRS return processing delays in 2021 and 2022that may carry into 2023. The remaining news is mostly relevant for back taxes but some of it may apply today. Tax News Description IRS Releases 2020 W-4 Form and Instruction Drafts- Updated Nove...
Problem: The IRS—not eFile.com—rejected your tax return because your dependent's Social Security Number (SSN) and date of birth on Schedule EIC doesn't match IRS records. Please correct either the SSN or the birthdate. Solution: Sign into your eFile.com account and click on My Return ...