IRS Releases Draft Schedule and Instructions for Reporting Uncertain Tax PositionsRobin L. Greenhouse
legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your busine...
Interest on unpaid taxes generally can’t be waived, but it can be reduced if it’s applied because of an unreasonable error or delay by an IRS officer or employee. When it comes to interest on a penalty, the IRS will reduce or completely eliminate the interest if the penalty itself...
Problem: The State of Oregon—not eFile.com—rejected your return because the totals on Schedule OR-A are not correct. Solution: Sign into your eFile.com account at https://mytaxes.efile.com/1040/SignIn/, click on File and proceed through the check out and efile process again. Make corr...
Form 941 Instructions Form 941 Instructions 2023 Form 941 Signature Options Form 941-X Instructions Form 941 Due dates Form 941-X Due dates Form 941 Schedule B Form 941 Schedule R Revised Form 941 2024 Payroll Tax Deposits Form 940 Instructions Form 940 Due Dates Form 940 Schedule A Form 943...
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This decade (2021,2022,2023), I switched to sharing tax humor to commemorate the deadline for filing taxes in the United States. Sticking with that new tradition, let’s start with this look at parasites. Though, the real parasites are theinterest groups that ultimately get the money. The...
4. Schedule A: Itemized Deductions: Instead of taking the standard deduction, you can use Schedule A to itemize deductions. You’ll report things like medical expenses, mortgage interest, state and local taxes, and charitable contributions.
If you filed a paper return or did some manual calculations when e-filing your return, you may also see reference number 9021 on your status page which designates the IRS has found math errors and will auto-adjust your return and refund (or taxes due). This reference number was seen by...
But it's only worth claiming them if the total is more than the standard deduction you're entitled to claim for your filing status. Otherwise, you'd be paying tax on more income than you have to.16 The Bottom Line Preparing a tax return and paying any taxes you might owe can certainly...