taxes

10 IRS Tax Tips Worth Noting There are many tips taxpayers can utilize to optimize their outcome when it comes to taxes, but here are the top 10 that taxpayers…

Do Seniors Have To File Taxes? One of the many benefits of reaching the age of 65 in the United States is that you begin to receive retirement benefits from…

How Many Dependents Should I Claim On My W4? Taxpayers who are financially responsible for other people can receive tax breaks by claiming them as dependents, but this does not…

Earned Income Tax Credit Explained TABLE OF CONTENTS What Is The Earned Income Tax Credit?Earned Income Tax Credit Eligibility RequirementsHow Much Is The 2023 Earned Income Tax Credit Worth?What Is…

What Happens If You Are Audited And Found Guilty? Receiving a notification that your tax account will be audited by the IRS is already stressful - even more so in…

CP 575 Form Explained If you have applied for an EIN for your new business, be on the lookout for a CP 575 letter in the mail from the IRS…

IRS Form 2553 Explained Small businesses operating in the United States have the benefit of modifying their business structure to optimize their tax savings, such as through charitable donations and…

IRS Form 8822-B Explained It's okay if your business information has changed since you initially applied for an Employer Identification Number (EIN) for your company using IRS Form SS-4. However,…

147C Letter Explained TABLE OF CONTENTS What Is A 147c Letter? CP 575 or 147c? How To Request EIN Verification Letter 147c Can My EIN Verification Be Emailed To Me?…

IRS Tax Topic 203 Explained Taxpayers may determine their eligibility for a tax refund when filing their tax return by listing their income, calculating their taxes based on the rate…