news
What do I need to know about Form 8962?
Information about Form 8962, Premium Tax Credit, including recent updates, related forms and instructions on how to file. Form 8962 is used either (1) to ...
Category: News
news
Can a Quit Claim Deed be used to sell a house?
Sure, a quitclaim deed can help you transfer ownership of a property quickly and easily, but it’s not something that you should do without fully understan...
news
What should I submit for PPP forgiveness?
How to Get Your PPP Loan Forgiven Name of your business: business legal name, DBA, trade name (if applicable) Business Tax Identification Number (TIN): So...
news
What is the right investment plan?
Debt mutual fund schemes are suitable for investors who want steady returns. Debt mutual funds primarily invest in fixed-interest generating securities li...
news
Who was arrested for not filing income tax returns?
Stephen Baldwin, who made his name in movies and reality TV, was arrested in December 2012 and charged with failing to pay more than $350,000 in New York ...
news
When can you file taxes 2021 in PA?
May 17, 2021 The PA Department of Revenue and the IRS announced that the income tax filing deadline for the final annual return (2020) is extended to May ...
news
Can you get a refund if you claim exempt?
When you file as exempt from withholding with your employer for federal tax withholding, you don’t make any federal income tax payments during the year. A...
news
Is it a mistake to not file a 2016 tax return?
“To not file a 2016 return could be a mistake — you’d be leaving money on the table,” she warns. The IRS puts the total for unclaimed refunds at $1.5 bill...
news
Is there a penalty for missing an estimated tax payment?
The IRS typically docks a penalty of . 5% of the tax owed following the due date. The penalty limit is 25% of the taxes owed. Here is the IRS’s full break...
news
Why did the IRS send me a letter for 60 days?
I got a letter from the irs saying they are gonna take 60 more days to review my return. The review means that your return is pending because IRS is verif...
news
Where do I report FIRPTA withholding?
How do I recover amounts withheld under FIRPTA? You will need to file a U.S. Income Tax Return – i.e. Form 1040NR – to report the sale of the real propert...
news
How do I know if the IRS has processed my 2019 tax return?
Find out if Your Tax Return Was Submitted Using the IRS Where’s My Refund tool. Viewing your IRS account information. Calling the IRS at 1-800-829-1040 (W...
news
How long can an Australian citizen stay out of the country?
4. How long can an Australian citizen live out of the country? The Australian citizen can live out of the country for an indefinite period of time. How ma...