Category: News

What is a Schedule C line 31?
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What is a Schedule C line 31?

The total net profit on line 31 of your Schedule C is also used to calculate self-employment taxes to be paid by the owner of the business. If the busines...

What is CP 161?
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What is CP 161?

The CP 161 is not a math error notice. It shows the underpaid tax according to the IRS records. CP 161 shows the tax you reported on the return, the payme...