There will be some customer identification needed to activate the card so it can't be stolen from the mail and activated. A family of four could get up to $5,000 with the latest round of stimulus, the most generous helping of cash thus far, so what s... Read more
A corporation must file Form 1120-S if it elected to be an S corporation by filing Form 2553, and the Internal Revenue Service accepted the election. For a full schedule of Emerald Card fees, see your Cardholder Agreement..... Read more
Take some expert advice on what receipts to keep for business taxes. Although many people keep paper records, it's also smart to have the documents converted to electronic files and stored in the cloud. Finally, remember that your state may have sepa... Read more
As the business owner applying for the EIN, you must have a valid taxpayer identification number, such as a Social Security number or individual taxpayer identification number. Check the list of questions above to see if your business qualifies for a... Read more
The total combined rate may not exceed 0.5%, so the statute provides mechanisms for credits and revenue sharing to make sure this limit is not exceeded. Submitting this form will add your email address to our mailing list. The combined tax rate is th... Read more
The main focus of the IRS Fresh Start Tax Program is to reduce the burden of back taxes for citizens and small businesses during temporary financial difficulties. It offers various measures to help you settle your back taxes quickly and easily. As al... Read more
She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. If you expect to owe taxes, you need to pay the balance with... Read more
Most taxpayers are exempt from backup withholding. If you have no idea what the IRS is talking about here, you’re probably exempt. If you aren’t exempt, the IRS will have notified you, and the company paying you needs to know because it i... Read more
They are often used to verify income and tax filing status when applying for loans and government benefits. The tax return deadline was original set at March 1.... Read more
A tax pro will also tell you what to provide and how to present it. The IRS agent will often want a face-to-face meeting, so most people in this situation get a tax pro torepresentthem and deal with the IRS. You can claim a Recovery Rebate Credit whe... Read more
